ProShares Etf Technical Analysis


USD 23.97  0.36  1.52%   

As of the 7th of December, ProShares Short holds the coefficient of variation of (23,843), and Risk Adjusted Performance of (0.004194). Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of ProShares Short, as well as the relationship between them. Put it differently, you can use this information to find out if the etf will indeed mirror its model of past market data, or the prices will eventually revert. We are able to interpolate and break down nineteen technical drivers for ProShares Short Russ, which can be compared to its competitors. Please check ProShares Short Russ variance and potential upside to decide if ProShares Short Russ is priced some-what accurately, providing market reflects its current price of 23.97 per share.

ProShares Short Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as ProShares, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ProShares
ProShares Short's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.
ProShares Short technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
A focus of ProShares Short technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of ProShares Short trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

ProShares Short Russ Technical Analysis

The output start index for this execution was one with a total number of output elements of sixty. The True Range is a measure of ProShares Short Russ volatility developed by Welles Wilder.

ProShares Short Russ Trend Analysis

Use this graph to draw trend lines for ProShares Short Russell2000. You can use it to identify possible trend reversals for ProShares Short as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual ProShares Short price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

ProShares Short Best Fit Change Line

The following chart estimates an ordinary least squares regression model for ProShares Short Russell2000 applied against its price change over selected period. The best fit line has a slop of   -0.04  , which may imply that the returns on investment in ProShares Short Russell2000 will continue to fail. It has 122 observation points and a regression sum of squares at 51.42, which is the sum of squared deviations for the predicted ProShares Short price change compared to its average price change.

About ProShares Short Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of ProShares Short Russell2000 on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of ProShares Short Russell2000 based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on ProShares Short Russ price pattern first instead of the macroeconomic environment surrounding ProShares Short Russ. By analyzing ProShares Short's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of ProShares Short's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to ProShares Short specific price patterns or momentum indicators. Please read more on our technical analysis page.

ProShares Short December 7, 2022 Technical Indicators

Most technical analysis of ProShares help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for ProShares from various momentum indicators to cycle indicators. When you analyze ProShares charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

ProShares Short Russ One Year Return

Based on the recorded statements, ProShares Short Russell2000 has an One Year Return of 18.18%. This is 207.07% lower than that of the ProShares family and 83.5% higher than that of the Trading--Inverse Equity category. The one year return for all United States etfs is notably lower than that of the firm.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.

ProShares Short December 7, 2022 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as ProShares stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Additionally, take a look at Your Equity Center. You can also try Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.

Complementary Tools for analysis

When running ProShares Short Russ price analysis, check to measure ProShares Short's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ProShares Short is operating at the current time. Most of ProShares Short's value examination focuses on studying past and present price action to predict the probability of ProShares Short's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move ProShares Short's price. Additionally, you may evaluate how the addition of ProShares Short to your portfolios can decrease your overall portfolio volatility.
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The market value of ProShares Short Russ is measured differently than its book value, which is the value of ProShares that is recorded on the company's balance sheet. Investors also form their own opinion of ProShares Short's value that differs from its market value or its book value, called intrinsic value, which is ProShares Short's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ProShares Short's market value can be influenced by many factors that don't directly affect ProShares Short's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ProShares Short's value and its price as these two are different measures arrived at by different means. Investors typically determine ProShares Short value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares Short's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.