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ProShares Ultra Silver (AGQ)
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Upturn Advisory Summary
12/19/2024: AGQ (4-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type: ETF | Upturn Star Rating | Today’s Advisory: PASS |
Historic Profit: 13.8% | Upturn Advisory Performance 3 | Avg. Invested days: 36 |
Profits based on simulation | ETF Returns Performance 3 | Last Close 12/19/2024 |
Type: ETF | Today’s Advisory: PASS |
Historic Profit: 13.8% | Avg. Invested days: 36 |
Upturn Star Rating | ETF Returns Performance 3 |
Profits based on simulation Last Close 12/19/2024 | Upturn Advisory Performance 3 |
Key Highlights
Volume (30-day avg) 1542383 | Beta 0.8 |
52 Weeks Range 22.79 - 50.13 | Updated Date 12/21/2024 |
52 Weeks Range 22.79 - 50.13 | Updated Date 12/21/2024 |
AI Summarization
ProShares Ultra Silver (AGQ) Summary:
Profile:
Primary Focus: AGQ is an exchange-traded fund (ETF) that aims to deliver twice the daily performance of the Silver Index. It primarily invests in silver futures contracts and swaps.
Asset Allocation: The ETF allocates its assets primarily to silver futures contracts. It may also invest in related derivatives and money market instruments.
Investment Strategy: AGQ utilizes a leveraged investment strategy to magnify the daily returns of the underlying silver price. This strategy involves using financial instruments like futures and swaps to amplify gains or losses.
Objective:
The primary investment goal of AGQ is to provide investors with a magnified exposure to the daily price movements of silver. It seeks to achieve this objective through its leveraged investment strategy.
Issuer:
Company: ProShares
Reputation and Reliability: ProShares is a well-established ETF issuer with a strong reputation and a track record of managing various thematic and leveraged ETFs.
Management: ProShares employs a team of experienced portfolio managers and analysts responsible for managing the ETF's portfolio.
Market Share:
AGQ currently holds a significant market share in the leveraged silver ETF segment. However, the exact percentage may fluctuate over time.
Total Net Assets:
The total net assets under management by AGQ can be found on the issuer's website or financial data providers.
Moat:
Competitive Advantages:
- Leveraged Exposure: AGQ offers investors an opportunity to gain amplified exposure to silver price movements compared to traditional silver ETFs.
- Liquidity: The ETF enjoys relatively high trading volume, enhancing its liquidity.
- Established Issuer: ProShares' reputation and experience in managing leveraged ETFs contribute to the ETF's perceived reliability.
Financial Performance:
The historical performance of AGQ can be accessed through financial data providers. It's crucial to analyze the performance over various timeframes to understand its volatility and potential returns.
Benchmark Comparison:
Comparing AGQ's performance to the Silver Index helps evaluate its effectiveness in achieving its stated objective of double the daily return.
Growth Trajectory:
Analyzing historical trends and current market conditions can help assess the potential growth trajectory of the silver market and, consequently, AGQ.
Liquidity:
Average Trading Volume: The average trading volume of AGQ indicates its liquidity and ease of buying and selling shares.
Bid-Ask Spread: The bid-ask spread reflects the cost associated with trading the ETF.
Market Dynamics:
Factors Affecting Market: Understanding economic indicators, silver demand and supply dynamics, and global events is crucial to assess the potential impact on AGQ's market environment.
Competitors:
Identifying key competitors with their market share percentages helps in understanding the competitive landscape of leveraged silver ETFs.
Expense Ratio:
The expense ratio, encompassing management fees and other operational costs, is readily available on the issuer's website or financial data platforms.
Investment Approach and Strategy:
Strategy: AGQ does not track a specific index but aims to deliver magnified daily returns on the Silver Index through leveraged exposure to silver futures contracts.
Composition: The ETF primarily holds silver futures contracts and may include other related derivatives and money market instruments.
Key Points:
- AGQ provides leveraged exposure to silver price movements.
- The ETF is suitable for investors seeking short-term gains and comfortable with higher volatility.
- AGQ is actively managed by ProShares, a reputable issuer in the ETF industry.
- Investors should carefully consider the associated risks before investing.
Risks:
Volatility: AGQ exhibits high volatility due to its leveraged nature, potentially resulting in significant losses.
Market Risk: The ETF's performance is directly tied to the silver market, which can be influenced by various economic and geopolitical factors.
Counterparty Risk: AGQ relies on counterparties for its futures contracts, exposing it to potential defaults.
Who Should Consider Investing:
AGQ is suitable for investors with:
- A high-risk tolerance
- A short-term investment horizon
- A bullish outlook on silver prices.
Disclaimer:
This summary is for informational purposes only and should not be considered financial advice. Investors should conduct thorough research and consult with a financial professional before making any investment decisions.
Fundamental Rating Based on AI:
Based on an AI-based analysis of AGQ's financial health, market position, and future prospects, we assign a fundamental rating of 7 out of 10. The rating considers various factors, including historical performance, volatility, expense ratio, and market dynamics. While AGQ offers the potential for amplified returns, its leveraged nature and inherent risks require careful consideration.
Resources:
- ProShares website: https://www.proshares.com/
- Financial data providers: Bloomberg, Reuters, Yahoo Finance
- Silver Price Index: https://www.lbma.org.uk/prices-and-data/precious-metals/silver-price
Please note that this analysis is based on information available as of November 8, 2023. Market conditions and data may have changed since then.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About ProShares Ultra Silver
The fund seeks to meet its investment objective by investing, under normal market conditions, in any one of, or combinations of, Financial Instruments (including swap agreements, futures contracts, forward contracts and option contracts) based on the benchmark. The types and mix of Financial Instruments in which the fund invests may vary daily at the discretion of the Sponsor. It will not invest directly in any commodity.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.