ProShares Etf Market Value

SDD
 Etf
  

USD 24.09  0.00  0.00%   

ProShares UltraShort's market value is the price at which a share of ProShares UltraShort stock trades on a public exchange. It measures the collective expectations of ProShares UltraShort SmallCap600 investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of ProShares UltraShort SmallCap600 and determine expected loss or profit from investing in ProShares UltraShort over a given investment horizon. Additionally, take a look at ProShares UltraShort Correlation, ProShares UltraShort Volatility and ProShares UltraShort Alpha and Beta module to complement your research on ProShares UltraShort.
Symbol

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

ProShares UltraShort 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to ProShares UltraShort's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of ProShares UltraShort.
0.00
11/09/2022
No Change 0.00  0.0 
In 30 days
12/09/2022
0.00
If you would invest  0.00  in ProShares UltraShort on November 9, 2022 and sell it all today you would earn a total of 0.00 from holding ProShares UltraShort SmallCap600 or generate 0.0% return on investment in ProShares UltraShort over 30 days. The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns ... More

ProShares UltraShort Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure ProShares UltraShort's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess ProShares UltraShort SmallCap600 upside and downside potential and time the market with a certain degree of confidence.

ProShares UltraShort Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for ProShares UltraShort's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ProShares UltraShort's standard deviation. In reality, there are many statistical measures that can use ProShares UltraShort historical prices to predict the future ProShares UltraShort's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of ProShares UltraShort'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 UltraShort in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
20.6624.0927.52
Details
Intrinsic
Valuation
LowReal ValueHigh
19.3822.8126.24
Details
Naive
Forecast
LowNext ValueHigh
21.2324.6628.10
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
21.7423.7525.76
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as ProShares UltraShort. Your research has to be compared to or analyzed against ProShares UltraShort's peers to derive any actionable benefits. When done correctly, ProShares UltraShort'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 UltraShort.

ProShares UltraShort Backtested Returns

ProShares UltraShort maintains Sharpe Ratio (i.e., Efficiency) of -0.12, which implies the entity had -0.12% of return per unit of risk over the last month. Macroaxis standpoint towards forecasting the risk of any etf is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. ProShares UltraShort exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to check ProShares UltraShort risk adjusted performance of (0.06), and Coefficient Of Variation of (2,196) to confirm the risk estimate we provide.
The etf holds a Beta of -2.408, which implies a somewhat significant risk relative to the market. Let's try to break down what ProShares's beta means in this case. As returns on the market increase, returns on owning ProShares UltraShort are expected to decrease by larger amounts. On the other hand, during market turmoil, ProShares UltraShort is expected to outperform it. Even though it is essential to pay attention to ProShares UltraShort current trending patterns, it is always good to be careful when utilizing equity existing price patterns. Our philosophy towards forecasting any etf's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. ProShares UltraShort exposes twenty-one different technical indicators, which can help you to evaluate its performance.

Auto-correlation

    
  -0.19  

Insignificant reverse predictability

ProShares UltraShort SmallCap600 has insignificant reverse predictability. Overlapping area represents the amount of predictability between ProShares UltraShort time series from 9th of November 2022 to 24th of November 2022 and 24th of November 2022 to 9th of December 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of ProShares UltraShort price movement. The serial correlation of -0.19 indicates that over 19.0% of current ProShares UltraShort price fluctuation can be explain by its past prices.
Correlation Coefficient-0.19
Spearman Rank Test-0.28
Residual Average0.0
Price Variance0.47

ProShares UltraShort lagged returns against current returns

Autocorrelation, which is ProShares UltraShort etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting ProShares UltraShort's etf expected returns. We can calculate the autocorrelation of ProShares UltraShort returns to help us make a trade decision. For example, suppose you find that ProShares UltraShort etf has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
   Current and Lagged Values   
Share
       Timeline  

ProShares UltraShort regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If ProShares UltraShort etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ProShares UltraShort etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ProShares UltraShort etf over time.
   Current vs Lagged Prices   
Share
       Timeline  

ProShares UltraShort Lagged Returns

When evaluating ProShares UltraShort's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ProShares UltraShort etf have on its future price. ProShares UltraShort autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, ProShares UltraShort autocorrelation shows the relationship between ProShares UltraShort etf current value and its past values and can show if there is a momentum factor associated with investing in ProShares UltraShort SmallCap600.
   Regressed Prices   
Share
       Timeline  

Be your own money manager

Our tools can tell you how much better you can do entering a position in ProShares UltraShort without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Additionally, take a look at ProShares UltraShort Correlation, ProShares UltraShort Volatility and ProShares UltraShort Alpha and Beta module to complement your research on ProShares UltraShort. Note that the ProShares UltraShort information on this page should be used as a complementary analysis to other ProShares UltraShort's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Global Correlations module to find global opportunities by holding instruments from different markets.

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ProShares UltraShort 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 UltraShort technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of ProShares UltraShort 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...