Proshares Short Sp500 Etf Profile
| SH Etf | USD 12.59 0.12 0.96% |
Performance0 of 100
| Odds Of DistressLess than 9
|
ProShares Short is trading at 12.59 as of the 19th of April 2024. This is a 0.96% increase since the beginning of the trading day. The etf's open price was 12.47. ProShares Short 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 Short SP500 are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 and ending today, the 19th of April 2024. Click here to learn more.
The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the funds investment objective. Short SP500 is traded on NYSEARCA Exchange in the United States. More on ProShares Short SP500
Moving together with ProShares Etf
| 1.0 | SPXU | ProShares UltraPro Short | PairCorr |
| 0.93 | SDS | ProShares UltraShort | PairCorr |
| 0.97 | SPXS | Direxion Daily SP Aggressive Push | PairCorr |
| 0.88 | QID | ProShares UltraShort QQQ Buyout Trend | PairCorr |
| 0.87 | RWM | ProShares Short Russ Sell-off Trend | PairCorr |
Moving against ProShares Etf
| 0.91 | ARKW | ARK Next Generation | PairCorr |
| 0.91 | WTMF | WisdomTree Managed | PairCorr |
| 0.85 | EWC | iShares MSCI Canada | PairCorr |
| 0.74 | OIH | VanEck Oil Services | PairCorr |
| 0.68 | BST | BlackRock Science Tech | PairCorr |
| 0.59 | IAUF | iShares Gold Strategy Low Volatility | PairCorr |
| 0.59 | MRK | Merck Company Earnings Call This Week | 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 Short's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding ProShares Short or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Chairman of ProShares Trust | Michael Sapir |
| Thematic Ideas | (View all Themes) |
| Business Concentration | Size And Style ETFs, Large Cap ETFs, Trading--Inverse Equity, ProShares (View all Sectors) |
| Issuer | ProShares |
| Inception Date | 2006-06-19 |
| Benchmark | S&P 500 Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 1.09 Billion |
| Average Trading Valume | 19.43 Million |
| Asset Type | Equity |
| Category | Size and Style |
| Focus | Large Cap |
| Market Concentration | Developed Markets |
| Region | North America |
| Administrator | J.P. Morgan Investor Services Co. |
| Advisor | ProShare Advisors LLC |
| Custodian | JPMorgan Chase Bank, N.A. |
| Distributor | SEI Investments Distribution Co. |
| Portfolio Manager | Michael Neches, Devin Sullivan |
| Transfer Agent | JPMorgan Chase Bank, N.A. |
| Fiscal Year End | 30-Sep |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 96.0 |
| Market Maker | Virtu Financial |
| Total Expense | 0.88 |
| Management Fee | 0.75 |
| Country Name | USA |
| Returns Y T D | (3.09) |
| Name | ProShares Short SP500 |
| Currency Code | USD |
| Open Figi | BBG000PNJHB1 |
| In Threey Volatility | 17.35 |
| 1y Volatility | 13.15 |
| 200 Day M A | 13.4079 |
| 50 Day M A | 12.2152 |
| Code | SH |
| Updated At | 18th of April 2024 |
| Currency Name | US Dollar |
ProShares Short SP500 [SH] is traded in USA and was set up on 2006-06-19. The fund is currently listed under Trading--Inverse Equity category as part of ProShares family of funds. The entity is thematically classified as Size And Style ETFs. ProShares Short SP500 at this time have 3.83 B in assets. , while the total return for the last 3 years was -5.8%.
Check ProShares Short 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 Short SP500 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 Short SP500 Etf Constituents
| S&P 500 Index Swap Bank Of America Na | 20.37% |
| S&P 500 Index Swap Citibank Na | 12.57% |
| S&P 500 Index Swap Goldman Sachs International | 15.86% |
| S&P 500 Index Swap Credit Suisse International | 3.17% |
| S&P 500 Index Swap Ubs Ag | 11.1% |
| S&P 500 Index Swap Bnp Paribas | 8.2200006% |
| S&P 500 Index Swap Societe Generale | 8.9899994% |
| S&P 500 Index Swap Jp Morgan Securities | 16.72% |
| United States Treasury Bills | 7.93% |
ProShares Short Target Price Odds Analysis
Coming from a normal probability distribution, the odds of ProShares Short jumping above the current price in 90 days from now is about 12.76%. The ProShares Short SP500 probability density function shows the probability of ProShares Short etf to fall within a particular range of prices over 90 days. Allowing for the 90-day total investment horizon ProShares Short SP500 has a beta of -0.01. This usually implies as returns on the benchmark increase, returns on holding ProShares Short are expected to decrease at a much lower rate. During a bear market, however, ProShares Short SP500 is likely to outperform the market. Additionally, proShares Short SP500 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 Short to move above the current price in 90 days from now is about 12.76 (This ProShares Short SP500 probability density function shows the probability of ProShares Etf to fall within a particular range of prices over 90 days) .
ProShares Short Top Holders
| GAVAX | Gavekal Kl Allocation | Mutual Fund | Tactical Allocation |
| RQECX | Resq Dynamic Allocation | Mutual Fund | Tactical Allocation |
| RQEAX | Resq Dynamic Allocation | Mutual Fund | Tactical Allocation |
| RQEIX | Resq Dynamic Allocation | Mutual Fund | Tactical Allocation |
| DGQUX | Americafirst Defensive Growth | Mutual Fund | Long-Short Equity |
| DGQIX | Americafirst Defensive Growth | Mutual Fund | Long-Short Equity |
| DGQAX | Americafirst Defensive Growth | Mutual Fund | Long-Short Equity |
ProShares Short SP500 Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. ProShares Short market risk premium is the additional return an investor will receive from holding ProShares Short 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 Short. 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 Short's alpha and beta are two of the key measurements used to evaluate ProShares Short's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | 5.54 |
ProShares Short Against Markets
Picking the right benchmark for ProShares Short 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 Short 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 Short is critical whether you are bullish or bearish towards ProShares Short SP500 at a given time. Please also check how ProShares Short'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 Short 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 Short, 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 Short. To buy ProShares Short etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of ProShares Short. 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 Short etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located ProShares Short SP500 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 Short SP500 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 Short SP500, 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 Short guide.
Already Invested in ProShares Short SP500?
The danger of trading ProShares Short SP500 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 Short 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 Short. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile ProShares Short SP500 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 Short SP500 offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ProShares Short'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 Short Sp500 Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Proshares Short Sp500 Etf: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ProShares Short SP500. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in rate. Note that the ProShares Short SP500 information on this page should be used as a complementary analysis to other ProShares Short'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 Content Syndication module to quickly integrate customizable finance content to your own investment portal.
The market value of ProShares Short SP500 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 Short's value that differs from its market value or its book value, called intrinsic value, which is ProShares Short'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 Short's market value can be influenced by many factors that don't directly affect ProShares Short'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 Short's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares Short is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares Short'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.