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ProShares Ultra Basic Materials (UYM)UYM
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Upturn Advisory Summary
09/18/2024: UYM (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Profit: -32.68% | Upturn Advisory Performance  2 | Avg. Invested days: 23 |
| Profits based on simulation | ETF Returns Performance  1 | Last Close 09/18/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Profit: -32.68% | Avg. Invested days: 23 |
Upturn Star Rating | ETF Returns Performance 1 |
| Profits based on simulation Last Close 09/18/2024 | Upturn Advisory Performance 2 |
Key Highlights
Volume (30-day avg) 6640 | Beta 2.22 |
52 Weeks Range 18.89 - 29.41 | Updated Date 09/19/2024 |
52 Weeks Range 18.89 - 29.41 | Updated Date 09/19/2024 |
AI Summarization
Profile: The ProShares Ultra Basic Materials ETF focuses on providing double the daily performance of the Dow Jones U.S. Basic Materials Index. This ETF primarily invests in companies within the basic materials sector, which includes industries such as chemicals, metals, mining, and paper. The investment strategy of this ETF involves utilizing leverage to amplify returns from the index it tracks.
Objective: The primary investment goal of the ProShares Ultra Basic Materials ETF is to provide investors with a way to gain magnified exposure to the basic materials sector, allowing them to capitalize on short-term market trends and movements.
Issuer: ProShares is a well-established issuer of ETFs known for its innovative investment strategies and diverse product offerings. The management team behind the ProShares Ultra Basic Materials ETF is experienced in the financial markets and has a track record of developing successful investment products.
Market Share: The market share of ProShares Ultra Basic Materials in its sector varies based on market conditions and investor interest.
Total Net Assets: The total assets under management for the ProShares Ultra Basic Materials ETF are subject to fluctuations based on market performance and investor activity.
Moat: The competitive advantage of the ProShares Ultra Basic Materials ETF lies in its unique strategy of leveraging to provide amplified returns from the basic materials sector. This niche market focus sets it apart from traditional basic materials ETFs.
Financial Performance: Historical financial performance data for the ProShares Ultra Basic Materials ETF can be provided by accessing relevant resources linked below.
Growth Trajectory: Trends and growth patterns for the ProShares Ultra Basic Materials ETF can be assessed by analyzing historical performance data and market conditions.
Liquidity: The liquidity of the ProShares Ultra Basic Materials ETF can be determined by looking at average trading volume and bid-ask spread data.
Market Dynamics: Market dynamics affecting the ProShares Ultra Basic Materials ETF may include economic indicators, sector growth prospects, and overall market conditions.
Competitors: Key competitors of the ProShares Ultra Basic Materials ETF may include other ETFs focused on the basic materials sector.
Expense Ratio: The expense ratio of the ProShares Ultra Basic Materials ETF includes management fees and operational costs associated with running the fund.
Investment approach and strategy: The ProShares Ultra Basic Materials ETF aims to track the Dow Jones U.S. Basic Materials Index and invests in companies within the basic materials sector.
Key Points:
- Provides double the daily performance of the Dow Jones U.S. Basic Materials Index
- Utilizes leverage to amplify returns from the basic materials sector
Risks: Risks associated with the ProShares Ultra Basic Materials ETF may include volatility and market risk due to its leverage and focus on a specific sector.
Who Should Consider Investing: Investors seeking magnified exposure to the basic materials sector and who are comfortable with the risks associated with leverage may consider investing in the ProShares Ultra Basic Materials ETF.
Evaluation of ETF ProShares Ultra Basic Materials’s fundamentals using an AI-based rating system on a scale of 1 to 10, titled 'Fundamental Rating Based on AI': The ProShares Ultra Basic Materials ETF may receive a rating based on its financial health, market position, and future prospects. However, a comprehensive analysis is required to justify the rating.
Resources and Disclaimers:
- ProShares website: https://www.proshares.com/
- Dow Jones U.S. Basic Materials Index website: https://www.spglobal.com/spdji/
- This information is for educational purposes only and should not be used as investment advice. Investors should conduct their own research or consult with a financial advisor before making investment decisions.
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 Basic Materials
The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the Daily Target. The index is constructed and maintained by S&P Dow Jones Indices LLC. The index represents the materials sector of the S&P 500 Index. The fund is non-diversified.
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