Proshares Ultrashort Utilities Etf Operating Margin
| SDP Etf | USD 13.31 0.43 3.13% |
ProShares UltraShort's fundamental analysis aims to assess its intrinsic value by examining key economic and financial indicators - such as cash flow records, changes in balance sheet accounts, income statement trends, financial ratios, and relevant microeconomic factors affecting ProShares Etf price.
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ProShares UltraShort Utilities ETF Operating Margin Analysis
ProShares UltraShort's Operating Margin shows how much operating income a company makes on each dollar of sales. It is one of the profitability indicators which helps analysts to understand whether the firm is successful or not making money from everyday operations.
A good Operating Margin is required for a company to be able to pay for its fixed costs or payout its debt, which implies that the higher the margin, the better. This ratio is most effective in evaluating the earning potential of a company over time when comparing it against a firm's competitors.
| Competition |
Based on the recorded statements, ProShares UltraShort Utilities has an Operating Margin of 0.0%. This indicator is about the same for the ProShares average (which is currently at 0.0) family and about the same as Trading--Inverse Equity (which currently averages 0.0) category. This indicator is about the same for all United States etfs average (which is currently at 0.0).
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ProShares Fundamentals
| Number Of Employees | 10 | |||
| Beta | -1.28 | |||
| Total Asset | 3.94 M | |||
| One Year Return | (28.20) % | |||
| Three Year Return | (14.40) % | |||
| Five Year Return | (19.80) % | |||
| Ten Year Return | (22.90) % | |||
| Net Asset | 3.94 M | |||
| Last Dividend Paid | 0.012 | |||
| Equity Positions Weight | (199.89) % |
About ProShares UltraShort Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze ProShares UltraShort Utilities's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ProShares UltraShort using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ProShares UltraShort Utilities 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 UltraShort
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 UltraShort 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 UltraShort will appreciate offsetting losses from the drop in the long position's value.Moving together with ProShares Etf
| 0.66 | SH | ProShares Short SP500 | PairCorr |
| 0.87 | SPXU | ProShares UltraPro Short | PairCorr |
| 0.66 | SPXS | Direxion Daily SP | PairCorr |
Moving against ProShares Etf
| 0.63 | ROM | ProShares Ultra Tech | PairCorr |
| 0.61 | USD | ProShares Ultra Semi | PairCorr |
| 0.59 | TECL | Direxion Daily Technology | PairCorr |
| 0.59 | SPXL | Direxion Daily SP500 | PairCorr |
| 0.59 | UPRO | ProShares UltraPro SP500 | PairCorr |
The ability to find closely correlated positions to ProShares UltraShort 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 UltraShort 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 UltraShort - 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 UltraShort Utilities to buy it.
The correlation of ProShares UltraShort 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 UltraShort moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ProShares UltraShort 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 UltraShort 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 UltraShort Piotroski F Score and ProShares UltraShort Altman Z Score analysis. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
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.