Proshares Ultrashort Bloomberg Etf Profile
| SCO Etf | USD 15.93 0.09 0.57% |
Performance0 of 100
| Odds Of DistressLess than 36
|
ProShares UltraShort is selling at 15.93 as of the 20th of April 2024; that is 0.57 percent up since the beginning of the trading day. The etf's open price was 15.84. ProShares UltraShort has about a 36 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for ProShares UltraShort Bloomberg are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 21st of March 2024 and ending today, the 20th of April 2024. Click here to learn more.
The fund seeks to meet its investment objective by investing, under normal market conditions, in any one of, or combinations of, Financial Instruments based on WTI sweet, light crude oil. Ultrashort Bloomberg is traded on NYSEARCA Exchange in the United States. More on ProShares UltraShort Bloomberg
Moving together with ProShares Etf
| 0.89 | ZSL | ProShares UltraShort | PairCorr |
| 0.87 | GLL | ProShares UltraShort Gold | PairCorr |
| 0.82 | GDXD | MicroSectors Gold Miners | PairCorr |
| 0.93 | WTID | UBS ETRACS | PairCorr |
| 0.87 | DZZ | DB Gold Double | PairCorr |
Moving against ProShares Etf
| 0.92 | TSJA | TSJA | PairCorr |
| 0.83 | DSJA | DSJA | PairCorr |
| 0.64 | XDQQ | Innovator Growth 100 | PairCorr |
| 0.43 | CEFD | ETRACS Monthly Pay | 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 UltraShort's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding ProShares UltraShort or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Thematic Idea | Energy ETFs (View all Themes) |
| Old Names | [CYBITS HOLDING, CYBITS HOLDING - Dusseldorf Stock Exchang, CYBITS HOLDING, Cybits Holding AG (SCO.SG), CYBITS HOLDING - Frankfurt Stock Exchang, Scottish Pacific Group Limited, Seaproducts Mechanical Shareholding JSC] |
| Business Concentration | Energy ETFs, Trading--Inverse Commodities, ProShares (View all Sectors) |
| Issuer | ProShares |
| Inception Date | 2008-11-24 |
| Benchmark | Bloomberg Commodity Balanced WTI Crude Oil Index |
| Entity Type | Partnership |
| Asset Under Management | 202.22 Million |
| Average Trading Valume | 2.38 Million |
| Asset Type | Commodities |
| Category | Energy |
| Focus | Crude Oil |
| Market Concentration | Blended Development |
| Region | Global |
| Administrator | The Bank of New York Mellon Corporation |
| Advisor | ProShare Advisors LLC |
| Custodian | The Bank of New York Mellon Corporation |
| Distributor | SEI Investments Distribution Co. |
| Portfolio Manager | Alexander Ilyasov |
| Transfer Agent | Brown Brothers Harriman & Co. |
| Trustee | Wilmington Trust Company |
| Fiscal Year End | 31-Dec |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 14.0 |
| Market Maker | Virtu Financial |
| Total Expense | 0.95 |
| Management Fee | 0.95 |
| Country Name | USA |
| Returns Y T D | (24.17) |
| Name | ProShares UltraShort Bloomberg Crude Oil |
| Currency Code | USD |
| Open Figi | BBG000CSZTC9 |
| In Threey Volatility | 47.33 |
| 1y Volatility | 39.29 |
| 200 Day M A | 18.6977 |
| 50 Day M A | 16.8806 |
| Code | SCO |
| Updated At | 19th of April 2024 |
ProShares UltraShort Bloomberg [SCO] is traded in USA and was established 2008-11-24. The fund is classified under Trading--Inverse Commodities category within ProShares family. The entity is thematically classified as Energy ETFs. ProShares UltraShort at this time have 368.87 M in assets. , while the total return for the last 3 years was -49.6%.
Check ProShares UltraShort Probability Of Bankruptcy
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on ProShares Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding ProShares Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as ProShares UltraShort Bloomberg Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top ProShares UltraShort Bloomberg Etf Constituents
| Wti Crude Future Sep21 | 65.989995% |
| WTI Crude Future June 21 | 66.54% |
| Wti Crude Future Dec21 | 67.480004% |
ProShares UltraShort Target Price Odds Analysis
Contingent on a normal probability distribution, the odds of ProShares UltraShort jumping above the current price in 90 days from now is about 82.16%. The ProShares UltraShort Bloomberg probability density function shows the probability of ProShares UltraShort etf to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon ProShares UltraShort has a beta of 0.0595. This usually implies as returns on the market go up, ProShares UltraShort average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding ProShares UltraShort Bloomberg will be expected to be much smaller as well. Additionally, proShares UltraShort Bloomberg 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 UltraShort to move above the current price in 90 days from now is about 82.16 (This ProShares UltraShort Bloomberg probability density function shows the probability of ProShares Etf to fall within a particular range of prices over 90 days) .
ProShares UltraShort Top Holders
| CGHIX | Crow Point Defined | Mutual Fund | Tactical Allocation |
ProShares UltraShort Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. ProShares UltraShort market risk premium is the additional return an investor will receive from holding ProShares UltraShort 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 UltraShort. 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 UltraShort's alpha and beta are two of the key measurements used to evaluate ProShares UltraShort's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.33) | |||
| Total Risk Alpha | (0.58) | |||
| Treynor Ratio | (5.40) |
ProShares UltraShort Against Markets
Picking the right benchmark for ProShares UltraShort 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 UltraShort 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 UltraShort is critical whether you are bullish or bearish towards ProShares UltraShort Bloomberg at a given time. Please also check how ProShares UltraShort's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in ProShares UltraShort without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy ProShares Etf?
Before investing in ProShares UltraShort, 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 UltraShort. To buy ProShares UltraShort etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of ProShares UltraShort. 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 UltraShort etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located ProShares UltraShort Bloomberg 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 UltraShort Bloomberg 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 UltraShort Bloomberg, 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 UltraShort guide.
Already Invested in ProShares UltraShort Bloomberg?
The danger of trading ProShares UltraShort Bloomberg 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 UltraShort 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 UltraShort. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile ProShares UltraShort 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 UltraShort offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ProShares UltraShort's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Proshares Ultrashort Bloomberg Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Proshares Ultrashort Bloomberg Etf: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ProShares UltraShort Bloomberg. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. Note that the ProShares UltraShort information on this page should be used as a complementary analysis to other ProShares UltraShort's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
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.