Proshares Russell 2000 Etf Working Capital
| ITWO Etf | 42.85 1.07 2.56% |
Proshares Russell 2000 fundamentals help investors to digest information that contributes to Proshares Russell's financial success or failures. It also enables traders to predict the movement of Proshares Etf. The fundamental analysis module provides a way to measure Proshares Russell's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Proshares Russell etf.
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Proshares Russell 2000 ETF Working Capital Analysis
Proshares Russell's Working Capital is a measure of company efficiency and operating liquidity. The working capital is usually calculated by subtracting Current Liabilities from Current Assets. It is an important indicator of the firm ability to continue its normal operations without additional debt obligations. .
More About Working Capital | All Equity Analysis
Working Capital | = | Current Assets | - | Current Liabilities |
Current Proshares Russell Working Capital | 187.44 M |
Most of Proshares Russell's fundamental indicators, such as Working Capital, 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 Russell 2000 is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Working Capital can be positive or negative, depending on how much of current debt the company is carrying on its balance sheet. In general terms, companies that have a lot of working capital will experience more growth in the near future since they can expand and improve their operations using existing resources. On the other hand, companies with small or negative working capital may lack the funds necessary for growth or future operation. Working Capital also shows if the company has sufficient liquid resources to satisfy short-term liabilities and operational expenses.
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According to the company's disclosures, Proshares Russell 2000 has a Working Capital of 187.44 M. This is much higher than that of the Other family and significantly higher than that of the Derivative Income category. The working capital for all United States etfs is notably lower than that of the firm.
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Proshares Fundamentals
| Price To Earning | 1.58 X | |||
| EBITDA | 126.71 M | |||
| Net Income | 109.8 M | |||
| Cash And Equivalents | 243.79 M | |||
| Cash Per Share | 4.30 X | |||
| Total Debt | 64.52 M | |||
| Debt To Equity | 1.09 % | |||
| Current Ratio | 3.04 X | |||
| Cash Flow From Operations | 114.54 M | |||
| Market Capitalization | 139.45 M | |||
| Total Asset | 313.02 M | |||
| Retained Earnings | (10.46 B) | |||
| Working Capital | 187.44 M | |||
| Current Asset | 279.11 M | |||
| Current Liabilities | 91.68 M |
About Proshares Russell Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Proshares Russell 2000's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Proshares Russell using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Proshares Russell 2000 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 Russell
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 Russell 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 Russell will appreciate offsetting losses from the drop in the long position's value.Moving together with Proshares Etf
| 0.69 | JEPI | JPMorgan Equity Premium Sell-off Trend | PairCorr |
| 0.63 | XYLD | Global X SP | PairCorr |
| 0.68 | DIVO | Amplify CWP Enhanced | PairCorr |
| 0.65 | RYLD | Global X Russell | PairCorr |
| 0.62 | JEPQ | JPMorgan Nasdaq Equity Sell-off Trend | PairCorr |
Moving against Proshares Etf
The ability to find closely correlated positions to Proshares Russell 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 Russell 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 Russell - 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 Russell 2000 to buy it.
The correlation of Proshares Russell 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 Russell moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Proshares Russell 2000 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 Russell 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 Russell Piotroski F Score and Proshares Russell Altman Z Score analysis. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
The market value of Proshares Russell 2000 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 Russell's value that differs from its market value or its book value, called intrinsic value, which is Proshares Russell'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 Russell's market value can be influenced by many factors that don't directly affect Proshares Russell'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 Russell's value and its price as these two are different measures arrived at by different means. Investors typically determine if Proshares Russell is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Proshares Russell'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.