Looking on the underlying holdings of the ETFs in our protection universe at ETF Channel, we've got
Looking on the underlying holdings of the ETFs in our protection universe at ETF Channel, we’ve got in contrast the buying and selling value of every holding towards the common analyst 12-month ahead goal value, and computed the weighted common implied analyst goal value for the ETF itself. For the ProShares ProShares S&P 500 Ex-Financials ETF (Image: SPXN), we discovered that the implied analyst goal value for the ETF primarily based upon its underlying holdings is $68.06 per unit.
With SPXN buying and selling at a latest value close to $61.67 per unit, that signifies that analysts see 10.36% upside for this ETF wanting by way of to the common analyst targets of the underlying holdings. Three of SPXN’s underlying holdings with notable upside to their analyst goal costs are Digital Arts, Inc. (Image: EA), Johnson & Johnson (Image: JNJ), and Eastman Chemical Co (Image: EMN). Though EA has traded at a latest value of $95.71/share, the common analyst goal is 16.65% greater at $111.65/share. Equally, JNJ has 14.96% upside from the latest share value of $129.90 if the common analyst goal value of $149.33/share is reached, and analysts on common expect EMN to achieve a goal value of $84.50/share, which is 12.94%…