Proshares Equities For Etf Probability Of Bankruptcy
| EQRR Etf | USD 62.45 0.06 0.1% |
ProShares |
ProShares Equities for ETF probability of distress Analysis
ProShares Equities' Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
More About Probability Of Bankruptcy | All Equity Analysis
Probability Of Bankruptcy | = | Normalized | | Z-Score |
Current ProShares Equities Probability Of Bankruptcy | Less than 9% |
Most of ProShares Equities' fundamental indicators, such as Probability Of Bankruptcy, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, ProShares Equities for is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of ProShares Equities probability of bankruptcy is based on Altman Z-Score and Piotroski F-Score, but not limited to these measures. To be applied to a broader range of industries and markets, we use several other techniques to enhance the accuracy of predicting ProShares Equities odds of financial distress. These include financial statement analysis, different types of price predictions, earning estimates, analysis consensus, and basic intrinsic valuation. Please use the options below to get a better understanding of different measures that drive the calculation of ProShares Equities for financial health.
The market value of ProShares Equities for 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 Equities' value that differs from its market value or its book value, called intrinsic value, which is ProShares Equities' 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 Equities' market value can be influenced by many factors that don't directly affect ProShares Equities' 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 Equities' value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares Equities is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares Equities' 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.
The Probability of Bankruptcy SHOULD NOT be confused with the actual chance of a company to file for chapter 7, 11, 12, or 13 bankruptcy protection. Macroaxis simply defines Financial Distress as an operational condition where a company is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from both public financial statements as well as analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors taken into account include analysis of liquidity, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
| Competition |
Based on the latest financial disclosure, ProShares Equities for has a Probability Of Bankruptcy of 9.0%. This is much higher than that of the ProShares family and significantly higher than that of the Large Value category. The probability of bankruptcy for all United States etfs is notably lower than that of the firm.
ProShares Probability Of Bankruptcy Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses ProShares Equities' direct or indirect competition against its Probability Of Bankruptcy to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of ProShares Equities could also be used in its relative valuation, which is a method of valuing ProShares Equities by comparing valuation metrics of similar companies.ProShares Equities is currently under evaluation in probability of bankruptcy as compared to similar ETFs.
ProShares Fundamentals
| Number Of Employees | 553 | |||
| Beta | 1.01 | |||
| Total Asset | 69.65 M | |||
| One Year Return | 26.90 % | |||
| Three Year Return | 10.00 % | |||
| Five Year Return | 10.60 % | |||
| Net Asset | 69.65 M | |||
| Last Dividend Paid | 0.17 | |||
| Equity Positions Weight | 99.88 % |
About ProShares Equities Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze ProShares Equities for's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ProShares Equities using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ProShares Equities for based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with ProShares Equities
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ProShares Equities position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ProShares Equities will appreciate offsetting losses from the drop in the long position's value.Moving together with ProShares Etf
| 0.75 | VTV | Vanguard Value Index Sell-off Trend | PairCorr |
| 0.79 | VYM | Vanguard High Dividend | PairCorr |
| 0.77 | IWD | iShares Russell 1000 | PairCorr |
| 0.73 | DGRO | iShares Core Dividend Sell-off Trend | PairCorr |
| 0.75 | IVE | iShares SP 500 | PairCorr |
Moving against ProShares Etf
| 0.67 | WTRE | WisdomTree New Economy | PairCorr |
| 0.66 | AIVI | WisdomTree International | PairCorr |
| 0.4 | VPL | Vanguard FTSE Pacific | PairCorr |
The ability to find closely correlated positions to ProShares Equities could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ProShares Equities when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ProShares Equities - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ProShares Equities for to buy it.
The correlation of ProShares Equities is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ProShares Equities moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ProShares Equities for moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ProShares Equities can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out ProShares Equities Piotroski F Score and ProShares Equities Altman Z Score analysis. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
The market value of ProShares Equities for 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 Equities' value that differs from its market value or its book value, called intrinsic value, which is ProShares Equities' 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 Equities' market value can be influenced by many factors that don't directly affect ProShares Equities' 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 Equities' value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares Equities is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares Equities' 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.