ProShares Etf Overlap Studies Bollinger Bands

TINY
 Etf
  

USD 31.09  1.11  3.70%   

ProShares Nanotechnology overlap studies tool provides the execution environment for running the Bollinger Bands study and other technical functions against ProShares Nanotechnology. ProShares Nanotechnology value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of overlap studies indicators. As with most other technical indicators, the Bollinger Bands study function is designed to identify and follow existing trends. ProShares Nanotechnology overlay technical analysis usually involve calculating upper and lower limits of price movements based on various statistical techniques. Please specify the following input to run this model: Time Period, Deviations up, Deviations down, and MA Type.

Execute Study
The output start index for this execution was one with a total number of output elements of sixty. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. ProShares Nanotechnology middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for ProShares Nanotechnology. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.
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ProShares Nanotechnology Technical Analysis Modules

Most technical analysis of ProShares Nanotechnology 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 other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About ProShares Nanotechnology Predictive Technical Analysis

Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of ProShares Nanotechnology ETF. We use our internally-developed statistical techniques to arrive at the intrinsic value of ProShares Nanotechnology ETF based on widely used predictive technical indicators. In general, we focus on analyzing ProShares Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build ProShares Nanotechnology's daily price indicators and compare them against related drivers, such as overlap studies and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of ProShares Nanotechnology's intrinsic value. In addition to deriving basic predictive indicators for ProShares Nanotechnology, we also check how macroeconomic factors affect ProShares Nanotechnology price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
 2010 2021 2022 (projected)
Calculated Tax Rate0.04210.03790.0377
Long Term Debt to Equity0.01030.05070.0407
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of ProShares Nanotechnology's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of ProShares Nanotechnology in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
28.6731.0933.51
Details
Intrinsic
Valuation
LowReal ValueHigh
27.8930.3132.73
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as ProShares Nanotechnology. Your research has to be compared to or analyzed against ProShares Nanotechnology's peers to derive any actionable benefits. When done correctly, ProShares Nanotechnology's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in ProShares Nanotechnology.

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ProShares Nanotechnology pair trading

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ProShares Nanotechnology position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ProShares Nanotechnology will appreciate offsetting losses from the drop in the long position's value.

ProShares Nanotechnology Pair Trading

ProShares Nanotechnology ETF Pair Trading Analysis

The ability to find closely correlated positions to ProShares Nanotechnology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ProShares Nanotechnology when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ProShares Nanotechnology - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ProShares Nanotechnology ETF to buy it.
The correlation of ProShares Nanotechnology is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ProShares Nanotechnology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ProShares Nanotechnology moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ProShares Nanotechnology can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Additionally, take a look at World Market Map. You can also try Global Correlations module to find global opportunities by holding instruments from different markets.

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The market value of ProShares Nanotechnology 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 Nanotechnology's value that differs from its market value or its book value, called intrinsic value, which is ProShares Nanotechnology'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 Nanotechnology's market value can be influenced by many factors that don't directly affect ProShares Nanotechnology'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 Nanotechnology's value and its price as these two are different measures arrived at by different means. Investors typically determine ProShares Nanotechnology value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares Nanotechnology'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.