DOG

$26.74 0.26% $0.07
Dec 20, 2024 20:00 PM

DOG is an exchange-traded fund (ETF) managed by ProShares. It seeks to provide inverse exposure to the daily performance of the Dow Jones Industrial Average (DJIA). This means if the DJIA falls by 1% in a day, DOG aims to increase by 1%, and vice versa.

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Asset Summary

Weekly Performance Report for DOG ETF: Week 51, 2024

Summary: The Weekly started with DOG ETF opening at $26.12 and closing at $26.74. The ETF showed resilience throughout the Weekly, with the highest price observed at $27.17 and the lowest at $26.07. The underlying asset had a trading range of $1.10 Overall, it was a positive trading Weekly for DOG ETF, reflecting investor optimism and market activity.

Change in Closing Price: There was a net increase of $0.62 or 2.37% in the closing price from the opening to the closing price over the Weekly.

Volume Analysis: Trading volume for DOG ETF was 12,096,632 units during Week 51, indicating active market participation and investor interest.

Opening Price: The Weekly started at $26.12.

Highest Price: The highest price observed during the Weekly was $27.17.

Lowest Price: The lowest price observed during the Weekly was $26.07.

Closing Price: The Weekly ended at $26.74.

Asset Performance Metrics and Risk Characteristics:

Understanding asset performance is crucial for evaluating investment quality and making informed decisions. Metrics like trailing return and drawdown provide insights into how an asset has performed over time, its volatility, and the efficiency of its returns relative to risk. Performance indicators help assess the stability, risk, and reward of an investment, allowing investors and portfolio managers to make comparisons and strategize accordingly.

1 Month Trailing Return

2.81%

Represents the percentage change in asset value over the past month.

3 Month Trailing Return

-1.76%

Indicates the percentage change in asset value over the last three months.

Period Max Drawdown

15.82%

The highest percentage drop from the peak value to the lowest point during the observed period.

Standard Deviation

11.51%

Shows how much the asset’s daily returns deviate from the average, annualized for the entire period.

Sharpe Ratio

-0.87

Measures the average return earned in excess of the risk-free rate per unit of volatility, annualized.

Calmar Ratio

-0.64

The ratio of the annualized return to the maximum drawdown, reflecting the return per unit of risk.

Asset Technical Analysis

Technical analysis involves evaluating an asset's price and volume data to forecast future movements and make informed trading decisions. By using various technical indicators and chart patterns, investors can gain insights into market trends, price momentum, and potential turning points. This section delves into essential technical metrics, including moving averages, pivot points, and other indicators that provide a snapshot of an asset's current technical stance. Analyzing these indicators helps investors identify entry and exit points, assess market sentiment, and refine their trading strategies. Explore the following technical analysis data to understand the asset's performance dynamics and make better-informed decisions.

Moving Averages

Moving Averages are commonly used to smooth out price data and identify trends over a specific period. Here’s a summary of the latest moving averages for various periods:

  • SMA (Simple Moving Average): Reflects the average price over a specific number of periods.
  • EMA (Exponential Moving Average): Gives more weight to recent prices, making it more responsive to new information.
  • WMA (Weighted Moving Average): Assigns a weight to each price, emphasizing more recent prices.
  • WEMA (Weighted Exponential Moving Average): Combines elements of both WMA and EMA for a more responsive moving average.

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Frequently Asked Questions

Key performance metrics for DOG include its net asset value (NAV), expense ratio, total return, and tracking error. NAV represents the per-share value of the ETF, the expense ratio reflects management costs, total return includes dividends, and tracking error measures deviation from its target inverse performance.

DOG aims to provide the inverse of the daily performance of the DJIA. Over longer periods, its performance may diverge from the inverse of the DJIA's performance due to daily rebalancing and compounding effects.

Historical performance data for DOG can be reviewed on financial platforms and includes information about past returns and NAV. Performance should be evaluated considering the fund’s daily inverse exposure and the effects of compounding over time.

Risks include high volatility and potential losses if the DJIA rises. DOG's inverse nature means that it can experience significant fluctuations, and its performance over periods longer than one day may differ from the inverse of the DJIA's performance due to daily rebalancing.

Similar ETFs to DOG include SH (ProShares Short S&P 500), which seeks to provide inverse exposure to the S&P 500 Index, and PSQ (Invesco Short QQQ), which aims to provide inverse exposure to the Nasdaq-100 Index.

DOG has an expense ratio of approximately 0.95%. This fee covers the costs of managing the ETF, including trading and administrative expenses.

DOG typically distributes dividends on a quarterly basis. These dividends are derived from the income generated by the underlying securities and derivatives held by the ETF.

DOG is managed to achieve its goal of providing inverse exposure to the DJIA on a daily basis. The fund uses financial derivatives such as futures contracts and swaps to achieve this inverse exposure. It is rebalanced daily to maintain its target inverse performance.

Yes, DOG can be held in retirement accounts such as IRAs or 401(k)s. However, due to its high-risk and speculative nature, it is important to assess whether it fits with the investor’s long-term retirement strategy.

Factors affecting DOG’s performance include changes in the DJIA, market conditions, and the effectiveness of the fund’s derivatives strategy. The effects of daily rebalancing and compounding can lead to performance deviations over periods longer than one day.

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