Proshares Ultrashort Smallcap600 Etf Buy Hold or Sell Recommendation
| SDD Etf | USD 13.02 0.10 0.76% |
Considering the 90-day investment horizon and your above-average risk tolerance, our recommendation regarding ProShares UltraShort SmallCap600 is 'Strong Sell'. Macroaxis provides ProShares UltraShort buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding SDD positions.
Check out ProShares UltraShort Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note, we conduct extensive research on individual funds such as ProShares and provide practical buy, sell, or hold recommendation based on investors' investing horizon and their risk tolerance towards ProShares UltraShort SmallCap600. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in unemployment.
ProShares |
Execute ProShares UltraShort Buy or Sell Advice
The ProShares recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on ProShares UltraShort SmallCap600. Macroaxis does not own or have any residual interests in ProShares UltraShort SmallCap600 or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute ProShares UltraShort's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | Very Weak | Details | |
Volatility | Not too volatile | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Moves completely opposite to the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Not Available | Details | |
Financial Leverage | Not Rated | Details |
ProShares UltraShort Trading Alerts and Improvement Suggestions
| ProShares UltraShort generated a negative expected return over the last 90 days | |
| This fund generated-27.0 ten year return of -27.0% | |
| ProShares UltraShort maintains most of the assets in different exotic instruments. |
ProShares UltraShort Returns Distribution Density
The distribution of ProShares UltraShort's historical returns is an attempt to chart the uncertainty of ProShares UltraShort's future price movements. The chart of the probability distribution of ProShares UltraShort daily returns describes the distribution of returns around its average expected value. We use ProShares UltraShort SmallCap600 price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of ProShares UltraShort returns is essential to provide solid investment advice for ProShares UltraShort.
| Mean Return | -0.26 | Value At Risk | -4.05 | Potential Upside | 2.89 | Standard Deviation | 2.58 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of ProShares UltraShort historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
ProShares UltraShort Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to ProShares UltraShort or ProShares sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that ProShares UltraShort's price will be affected by overall etf market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a ProShares etf's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | 0.10 | |
β | Beta against Dow Jones | -2.94 | |
σ | Overall volatility | 2.51 | |
Ir | Information ratio | -0.15 |
ProShares UltraShort Volatility Alert
ProShares UltraShort SmallCap600 exhibits very low volatility with skewness of -1.39 and kurtosis of 5.66. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure ProShares UltraShort's etf risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact ProShares UltraShort's etf price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.ProShares UltraShort Fundamentals Vs Peers
Comparing ProShares UltraShort's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze ProShares UltraShort's direct or indirect competition across all of the common fundamentals between ProShares UltraShort and the related equities. This way, we can detect undervalued stocks with similar characteristics as ProShares UltraShort or determine the etfs which would be an excellent addition to an existing portfolio. Peer analysis of ProShares UltraShort's fundamental indicators could also be used in its relative valuation, which is a method of valuing ProShares UltraShort by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare ProShares UltraShort to competition |
| Fundamentals | ProShares UltraShort | Peer Average |
| Beta | -2.11 | |
| One Year Return | (43.30) % | (0.97) % |
| Three Year Return | (16.40) % | 3.23 % |
| Five Year Return | (31.90) % | 1.12 % |
| Ten Year Return | (26.90) % | 1.20 % |
| Net Asset | 5.86 M | 2.29 B |
| Last Dividend Paid | 0.014 | 0.14 |
| Equity Positions Weight | (199.97) % | 52.82 % |
ProShares UltraShort Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as ProShares . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About ProShares UltraShort Buy or Sell Advice
When is the right time to buy or sell ProShares UltraShort SmallCap600? Buying financial instruments such as ProShares Etf isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
Use Investing Ideas to Build Portfolios
In addition to having ProShares UltraShort in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Rentals Thematic Idea Now
Rentals
Companies providing rental and leasing services to public and business. The Rentals theme has 38 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Rentals Theme or any other thematic opportunities.
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Check out ProShares UltraShort Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
The market value of ProShares UltraShort is measured differently than its book value, which is the value of ProShares that is recorded on the company's balance sheet. Investors also form their own opinion of ProShares UltraShort's value that differs from its market value or its book value, called intrinsic value, which is ProShares UltraShort's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ProShares UltraShort's market value can be influenced by many factors that don't directly affect ProShares UltraShort's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ProShares UltraShort's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares UltraShort is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares UltraShort's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.