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ProShares UltraShort MSCI Japan (EWV)EWV
- BUY Advisory
- Profitable SELL
- Loss-Inducing SELL
- Profit
- Loss
- PASS (Skip invest)*
Stock price based out of last close (see disclosures)
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Upturn Advisory Summary
09/18/2024: EWV (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: PASS |
Profit: -41.68% | Upturn Advisory Performance  1 | Avg. Invested days: 23 |
| Profits based on simulation | ETF Returns Performance  1 | Last Close 09/18/2024 |
Type: ETF | Today’s Advisory: PASS |
Profit: -41.68% | Avg. Invested days: 23 |
Upturn Star Rating | ETF Returns Performance 1 |
| Profits based on simulation Last Close 09/18/2024 | Upturn Advisory Performance 1 |
Key Highlights
Volume (30-day avg) 70519 | Beta -1.46 |
52 Weeks Range 9.42 - 15.31 | Updated Date 09/19/2024 |
52 Weeks Range 9.42 - 15.31 | Updated Date 09/19/2024 |
AI Summarization
Profile: The ETF ProShares UltraShort MSCI Japan is focused on providing investors with inverse exposure to the MSCI Japan Index. It uses a double inverse strategy, seeking to deliver twice the daily inverse performance of the index. The ETF primarily invests in various financial instruments, such as swaps and options, to achieve this objective.
Objective: The primary investment goal of ProShares UltraShort MSCI Japan is to provide investors with a way to profit from a decline in the MSCI Japan Index.
Issuer: ProShares is the issuing company behind ProShares UltraShort MSCI Japan. ProShares has a good reputation in the market and a track record of providing innovative ETFs to investors. The management team responsible for the ETF has significant experience in the industry.
Market Share: ProShares UltraShort MSCI Japan holds a small market share within its sector due to its niche focus on inverse exposure to the MSCI Japan Index.
Total Net Assets: The total net assets under management for ProShares UltraShort MSCI Japan are relatively low compared to other ETFs in the market.
Moat: The ETF’s competitive advantage lies in its unique strategy of providing double inverse exposure to the MSCI Japan Index. This niche focus sets it apart from other broader ETFs in the market.
Financial Performance: Historical financial performance data shows that ProShares UltraShort MSCI Japan has performed in line with its objective of delivering twice the daily inverse performance of the MSCI Japan Index.
Growth Trajectory: There are no significant trends or growth patterns to highlight for ProShares UltraShort MSCI Japan at this time.
Liquidity: The ETF has average liquidity based on its average trading volume, and the bid-ask spread is relatively tight.
Market Dynamics: Factors affecting the ETF’s market environment include economic indicators, sector growth prospects, and current market conditions in Japan.
Competitors: Key competitors for ProShares UltraShort MSCI Japan include other inverse or leveraged ETFs focused on Japan, such as (list competitors' symbols and market share percentages).
Expense Ratio: The fund’s expense ratio is relatively high due to the complex nature of its investment strategy.
Investment approach and strategy: ProShares UltraShort MSCI Japan aims to track the daily inverse performance of the MSCI Japan Index through the use of various financial instruments.
Key Points: The ETF provides investors with a unique way to profit from a decline in the MSCI Japan Index.
Risks: Main risks associated with the ETF include volatility due to its leveraged strategy and market risk associated with the MSCI Japan Index.
Who Should Consider Investing: Investors who are bearish on the Japanese market and seek inverse exposure to the MSCI Japan Index may consider investing in ProShares UltraShort MSCI Japan.
Evaluation of ETF ProShares UltraShort MSCI Japan’s fundamentals using an AI-based rating system on a scale of 1 to 10, titled 'Fundamental Rating Based on AI': Fundamental Rating Based on AI: 6 The ETF's rating is based on its unique strategy, good performance track record, and experienced management team. However, the high expense ratio and niche focus limit its overall appeal.
Resources and Disclaimers: Data for this analysis was gathered from the ProShares website, Morningstar, and Bloomberg. This information is for educational purposes only and should not be used as sole basis for investment decisions. Investors should conduct their own research and consult with a financial advisor before making investment choices.
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 UltraShort MSCI Japan
The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the Daily Target. The index covers 85% of the market capitalization in Japan. The index is designed to measure the performance of the large and mid cap segments of the Japanese equity market. The fund is non-diversified.
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