Notable companies
The most notable companies in this group are Alibaba Group Holding Limited (NYSE:BABA), PDD Holdings (NASDAQ:PDD), NetEase (NASDAQ:NTES), Baidu (NASDAQ:BIDU), Trip.com Group Limited (NASDAQ:TCOM).
Industry description
The investment seeks daily investment results, before fees and expenses, that correspond to two times (2x) of the daily performance of the S&P China Select ADR Index (USD).
The fund invests in financial instruments that the fund Advisors believes, in combination, should produce daily returns consistent with the Daily Target. The index is designed to track the performance of a basket of companies that are domiciled in China and that have a level II or III ADR program, New York Shares or Global Registered Shares listed with the New York Stock Exchange or Nasdaq. The fund is non-diversified.
Market Cap
The average market capitalization across the ProFunds UltraChina Service MF is 83.44B. The market cap for tickers in the group ranges from 14.41B to 278.75B. BABA holds the highest valuation in this group at 278.75B. The lowest valued company is EDU at 14.41B.
Volume
The average weekly volume growth across all stocks in the ProFunds UltraChina Service MF was 22%. For the same stocks of the MF, the average monthly volume growth was 114% and the average quarterly volume growth was 38%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 65
P/E Growth Rating: 71
Price Growth Rating: 63
SMR Rating: 53
Profit Risk Rating: 78
Seasonality Score: 4 (-100 ... +100)