Notable companies
The most notable companies in this group are Merck & Co (NYSE:MRK), Applied Materials (NASDAQ:AMAT), Pfizer (NYSE:PFE), 3M Company (NYSE:MMM), Corning (NYSE:GLW), First Solar (NASDAQ:FSLR), Universal Display Corp (NASDAQ:OLED), Chemours Company (The) (NYSE:CC).
Industry description
The investment seeks investment results, before fees and expenses, that track the performance of the Solactive Smart Materials Index (the “index”).
The fund invests in financial instruments that ProShare Advisors believes, in combination, should track the performance of the index. The index is designed to measure the performance of companies that have business operations in the field of smart materials. Under normal circumstances, it will invest at least 80% of its total assets in components of the index or in instruments with similar economic characteristics. The fund is non-diversified.
Market Cap
The average market capitalization across the ProShares Smart Materials ETF ETF is 50.95B. The market cap for tickers in the group ranges from 1.43B to 331.75B. MRK holds the highest valuation in this group at 331.75B. The lowest valued company is HIMX at 1.43B.
High and low price notable news
The average weekly price growth across all stocks in the ProShares Smart Materials ETF ETF was 6%. For the same ETF, the average monthly price growth was 17%, and the average quarterly price growth was 77%. CSTM experienced the highest price growth at 4%, while CC experienced the biggest fall at -2%.
Volume
The average weekly volume growth across all stocks in the ProShares Smart Materials ETF ETF was 80%. For the same stocks of the ETF, the average monthly volume growth was 13% and the average quarterly volume growth was 202%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 48
P/E Growth Rating: 67
Price Growth Rating: 60
SMR Rating: 62
Profit Risk Rating: 65
Seasonality Score: 16 (-100 ... +100)