Proshares Merger Etf Performance
| MRGR Etf | USD 41.81 0.11 0.26% |
The etf holds a Beta of 0.0269, which implies not very significant fluctuations relative to the market. As returns on the market increase, ProShares Merger's returns are expected to increase less than the market. However, during the bear market, the loss of holding ProShares Merger is expected to be smaller as well.
Risk-Adjusted Performance
6 of 100
Weak | Strong |
Modest
Compared to the overall equity markets, risk-adjusted returns on investments in ProShares Merger ETF are ranked lower than 6 (%) of all global equities and portfolios over the last 90 days. Even with relatively invariable technical and fundamental indicators, ProShares Merger is not utilizing all of its potentials. The current stock price agitation, may contribute to short-term losses for the retail investors. ...more
1 | Time for Merger Acquisition ETFs With Deal-Making Staging a Comeback | 09/26/2024 |
| In Threey Sharp Ratio | -0.59 |
ProShares |
ProShares Merger Relative Risk vs. Return Landscape
If you would invest 4,135 in ProShares Merger ETF on August 22, 2024 and sell it today you would earn a total of 46.00 from holding ProShares Merger ETF or generate 1.11% return on investment over 90 days. ProShares Merger ETF is currently generating 0.0175% in daily expected returns and assumes 0.2114% risk (volatility on return distribution) over the 90 days horizon. In different words, 1% of etfs are less volatile than ProShares, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
ProShares Merger Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for ProShares Merger's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as ProShares Merger ETF, and traders can use it to determine the average amount a ProShares Merger's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0828
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | MRGR |
Estimated Market Risk
| 0.21 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average ProShares Merger is performing at about 6% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of ProShares Merger by adding it to a well-diversified portfolio.
ProShares Merger Fundamentals Growth
ProShares Etf prices reflect investors' perceptions of the future prospects and financial health of ProShares Merger, and ProShares Merger fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on ProShares Etf performance.
| Price To Earning | 23.51 X | |||
| Price To Book | 1.90 X | |||
| Price To Sales | 1.38 X | |||
| Earnings Per Share | 0.57 X | |||
| Total Asset | 26.8 M | |||
About ProShares Merger Performance
Assessing ProShares Merger's fundamental ratios provides investors with valuable insights into ProShares Merger's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the ProShares Merger is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
The fund is designed to track the performance of the index and provide exposure to a global merger arbitrage strategy. Merger ETF is traded on BATS Exchange in the United States.