Proshares Ultra Cloud Etf Profile
| SKYU Etf | USD 23.57 0.79 3.47% |
Performance0 of 100
| Odds Of DistressLess than 9
|
ProShares Ultra is selling for under 23.57 as of the 7th of May 2024; that is 3.47 percent up since the beginning of the trading day. The etf's last reported lowest price was 23.56. ProShares Ultra has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for ProShares Ultra Cloud are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 7th of April 2024 and ending today, the 7th of May 2024. Click here to learn more.
The index is comprised of companies classified as cloud computing companies by the CTA. Ultra Nasdaq is traded on NASDAQ Exchange in the United States. More on ProShares Ultra Cloud
Moving against ProShares Etf
| 0.78 | RWM | ProShares Short Russ | PairCorr |
| 0.76 | SPDN | Direxion Daily SP Sell-off Trend | PairCorr |
| 0.75 | SH | ProShares Short SP500 Sell-off Trend | PairCorr |
| 0.73 | QID | ProShares UltraShort QQQ | PairCorr |
| 0.72 | DOG | ProShares Short Dow30 | PairCorr |
| 0.64 | SPXU | ProShares UltraPro Short | PairCorr |
| 0.61 | SDS | ProShares UltraShort | PairCorr |
ProShares Etf Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. ProShares Ultra's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding ProShares Ultra or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Thematic Ideas | (View all Themes) |
| Business Concentration | Strategy ETFs, Theme ETFs, Trading--Inverse Equity, ProShares (View all Sectors) |
| Issuer | ProShares |
| Inception Date | 2021-01-19 |
| Benchmark | ISE CTA Cloud Computing Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 2.94 Million |
| Asset Type | Equity |
| Category | Strategy |
| Focus | Theme |
| Market Concentration | Blended Development |
| Region | Global |
| Administrator | J.P. Morgan Chase Bank, N.A. |
| Advisor | ProShare Advisors LLC |
| Custodian | J.P. Morgan Investment Management Inc. |
| Distributor | SEI Investments Distribution Co. |
| Portfolio Manager | Michael Neches, Tarak Dav |
| Transfer Agent | JPMorgan Chase Bank, N.A. |
| Fiscal Year End | 31-May |
| Exchange | NASDAQ |
| Market Maker | Virtu Financial |
| Total Expense | 3.85 |
| Management Fee | 0.75 |
| Country Name | USA |
| Returns Y T D | 8.42 |
| Name | ProShares Ultra Cloud Computing |
| Currency Code | USD |
| Open Figi | BBG00YZ647N8 |
| In Threey Volatility | 49.76 |
| 1y Volatility | 45.22 |
| 200 Day M A | 20.3918 |
| 50 Day M A | 24.2464 |
| Code | SKYU |
| Updated At | 7th of May 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | (0.23) |
| Type | ETF |
ProShares Ultra Cloud [SKYU] is traded in USA and was established 2021-01-19. The fund is listed under Trading--Inverse Equity category and is part of ProShares family. The entity is thematically classified as Strategy ETFs. ProShares Ultra Cloud at this time have 1.24 M in assets. , while the total return for the last 3 years was -14.7%.
Check ProShares Ultra Probability Of Bankruptcy
Top ProShares Ultra Cloud Etf Constituents
| AMZN | Amazon Inc | Stock | Consumer Discretionary |
| ANET | Arista Networks | Stock | Information Technology |
| BABA | Alibaba Group Holding | Stock | Consumer Discretionary |
| GOOGL | Alphabet Inc Class A | Stock | Communication Services |
| MDB | MongoDB | Stock | Information Technology |
| MSFT | Microsoft | Stock | Information Technology |
| ORCL | Oracle | Stock | Information Technology |
ProShares Ultra Target Price Odds Analysis
Attributed to a normal probability distribution, the odds of ProShares Ultra jumping above the current price in 90 days from now is about 71.37%. The ProShares Ultra Cloud probability density function shows the probability of ProShares Ultra etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days ProShares Ultra has a beta of 0.0726. This usually implies as returns on the market go up, ProShares Ultra average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding ProShares Ultra Cloud will be expected to be much smaller as well. Additionally, proShares Ultra Cloud has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of ProShares Ultra to move above the current price in 90 days from now is about 71.37 (This ProShares Ultra Cloud probability density function shows the probability of ProShares Etf to fall within a particular range of prices over 90 days) .
ProShares Ultra Cloud Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. ProShares Ultra market risk premium is the additional return an investor will receive from holding ProShares Ultra long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in ProShares Ultra. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although ProShares Ultra's alpha and beta are two of the key measurements used to evaluate ProShares Ultra's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | 0.0108 | |||
| Jensen Alpha | (0.0008) | |||
| Total Risk Alpha | (0.30) | |||
| Sortino Ratio | (0.02) |
ProShares Ultra Against Markets
Picking the right benchmark for ProShares Ultra etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in ProShares Ultra etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for ProShares Ultra is critical whether you are bullish or bearish towards ProShares Ultra Cloud at a given time. Please also check how ProShares Ultra's historical prices are related to one of the top price index indicators.
Be your own money manager
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How to buy ProShares Etf?
Before investing in ProShares Ultra, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in ProShares Ultra. To buy ProShares Ultra etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of ProShares Ultra. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase ProShares Ultra etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located ProShares Ultra Cloud etf in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased ProShares Ultra Cloud etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as ProShares Ultra Cloud, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in etf prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy ProShares Etf please use our How to Invest in ProShares Ultra guide.
Already Invested in ProShares Ultra Cloud?
The danger of trading ProShares Ultra Cloud is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of ProShares Ultra is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than ProShares Ultra. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile ProShares Ultra Cloud is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether ProShares Ultra Cloud is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if ProShares Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Proshares Ultra Cloud Etf. Highlighted below are key reports to facilitate an investment decision about Proshares Ultra Cloud Etf: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ProShares Ultra Cloud. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
The market value of ProShares Ultra Cloud 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 Ultra's value that differs from its market value or its book value, called intrinsic value, which is ProShares Ultra'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 Ultra's market value can be influenced by many factors that don't directly affect ProShares Ultra'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 Ultra's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares Ultra is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares Ultra'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.