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The ProShares UltraShort Euro is a popular investment option for those looking to gain exposure to the inverse performance of the euro. This fund seeks to return the inverse of the daily performance of the Euro, which means that if the euro goes up, the fund's value will go down.
The fund is designed to be a way to potentially profit from a declining euro, but it's not a guarantee of success. In fact, the fund's performance is largely dependent on the euro's movements.
One of the key benefits of the ProShares UltraShort Euro is its ability to offer a high degree of flexibility. With a minimum investment requirement of just $100, it's accessible to a wide range of investors.
Performance Metrics
The ProShares UltraShort Euro (EUO) has a Performance Current Year of 2.86%, indicating a positive return over the past year. This is a relatively modest gain, but it's still a positive sign.
One of the key metrics to look at is the Maximum Loss 1 Year, which stands at -6.07%. This means that the fund has experienced a maximum loss of 6.07% over the past year. While this is not ideal, it's a relatively small loss compared to other funds.
Here are some key performance metrics for the EUO:
Overall, the EUO has a relatively strong performance profile, with a positive return over the past year and a relatively small maximum loss.
News & Analysis
German industrial production has slipped in November, which could point to a recession, according to Bloomberg's Chief Economist of Europe, Jamie Murray. This is based on a simple mapping between German industrial production and GDP growth.
The British pound has taken a hit, sliding 0.4% against the euro and 0.2% against the U.S. dollar, as U.K. Prime Minister Theresa May's government hangs in the balance. This is due to a threatened vote that could bring down her government.
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EU leaders have formally backed Theresa May's Brexit withdrawal agreement, which would see London follow many of the European bloc's rules to maintain easy access. This agreement foresees the U.K. following EU rules in exchange for maintaining easy access.
French President Emmanuel Macron believes the euro is not a clear alternative to the dollar due to the U.S. currency's international strengths. He made this statement to CNN, highlighting the issue of the euro's lack of clarity as a dollar alternative.
Here's a quick summary of the recent economic developments:
Performance
Performance metrics are a crucial part of evaluating investment strategies, and the numbers don't lie. In the current year, the performance of this investment is 2.86%.
Performance metrics can be deceiving, but looking at the bigger picture helps. Over the past 10 years, the performance of this investment has been a respectable 43.64%.
The highs and lows of any investment are a crucial part of its performance. The high for this investment over the past year was 34.91%, and the low was 29.43%.
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Here's a summary of the key performance metrics:
The maximum loss over the past year was 6.07%, which is a significant concern for any investor. However, it's essential to look at the overall performance and not just the short-term fluctuations.
The trailing return over the past year was 19.72%, which is a healthy sign for this investment. However, it's essential to compare this to the overall market performance to get a better understanding.
The Treynor ratio, which measures the excess return per unit of risk, was 0.65 over the past year. This suggests that the investment has provided a decent return relative to its risk level.
Graphique: USD
The USD graph is a key indicator of the US dollar's performance. It shows a steady decline in value over the past year, with a significant drop in the second quarter.
The dollar's purchasing power has decreased by 12% in the last 12 months, making imports more expensive. This has a direct impact on the economy, particularly for countries that rely heavily on US imports.
The graph also highlights the dollar's volatility, with a 5% fluctuation in value over a single quarter. This volatility can be attributed to changes in global economic trends and monetary policies.
Investors and traders closely monitor the USD graph to make informed decisions about their investments. It's not uncommon to see a 2% shift in the dollar's value within a single day.
The dollar's performance is closely tied to the overall health of the US economy. A strong dollar is often seen as a sign of a robust economy, while a weak dollar can indicate underlying economic issues.
Fund Details
The ProShares UltraShort Euro (EUO) is a popular inverse ETF that allows investors to bet against the euro. It's designed to deliver 100% of the daily inverse performance of the Euro Currency Index.
EUO has a total of 21,000,000 shares outstanding, making it a relatively large fund in terms of market capitalization. Its expense ratio is 0.90%, which is relatively low compared to other inverse ETFs.
The fund's underlying index is the Euro Currency Index, which is a market-capitalization-weighted index of the euro. This index is calculated by Bloomberg using data from the European Central Bank.
EUO's most recent net asset value (NAV) was $34.45, and its 52-week range is $24.45 to $35.45. The fund's average daily trading volume is around 1.5 million shares.
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