ProShares Etf Market Value

TINY
 Etf
  

USD 31.09  1.11  3.70%   

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

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.

ProShares Nanotechnology '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 Nanotechnology'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 Nanotechnology.
0.00
11/01/2022
No Change 0.00  0.0 
In 31 days
12/01/2022
0.00
If you would invest  0.00  in ProShares Nanotechnology on November 1, 2022 and sell it all today you would earn a total of 0.00 from holding ProShares Nanotechnology ETF or generate 0.0% return on investment in ProShares Nanotechnology over 30 days. ProShares Nanotechnology is related to or competes with Goldman Sachs, American Century, AMG RIVER, Counter Press, Aluminum, PPC, and Duke Energy. The index consists of companies focused on making or applying nanotechnology innovations that allow for improved product... More

ProShares Nanotechnology 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 Nanotechnology'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 Nanotechnology ETF upside and downside potential and time the market with a certain degree of confidence.

ProShares Nanotechnology Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for ProShares Nanotechnology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ProShares Nanotechnology's standard deviation. In reality, there are many statistical measures that can use ProShares Nanotechnology historical prices to predict the future ProShares Nanotechnology'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 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.

ProShares Nanotechnology Backtested Returns

We consider ProShares Nanotechnology very steady. ProShares Nanotechnology maintains Sharpe Ratio (i.e., Efficiency) of 0.0619, which implies the entity had 0.0619% of return per unit of risk over the last 3 months. Our standpoint towards forecasting the volatility of an etf is to use all available market data together with etf-specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for ProShares Nanotechnology, which you can use to evaluate the future volatility of the etf. Please check ProShares Nanotechnology Risk Adjusted Performance of 0.0294, coefficient of variation of 5809.76, and Semi Deviation of 2.07 to confirm if the risk estimate we provide is consistent with the expected return of 0.15%.
The etf holds a Beta of 1.4608, 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 the market goes up, the company is expected to outperform it. However, if the market returns are negative, ProShares Nanotechnology will likely underperform. Although it is important to respect ProShares Nanotechnology current trending patterns, it is better to be realistic regarding the information on the equity's existing price patterns. The philosophy towards forecasting future performance of any etf is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing ProShares Nanotechnology technical indicators, you can presently evaluate if the expected return of 0.15% will be sustainable into the future.

Auto-correlation

    
  0.20  

Weak predictability

ProShares Nanotechnology ETF has weak predictability. Overlapping area represents the amount of predictability between ProShares Nanotechnology time series from 1st of November 2022 to 16th of November 2022 and 16th of November 2022 to 1st 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 Nanotechnology price movement. The serial correlation of 0.2 indicates that over 20.0% of current ProShares Nanotechnology price fluctuation can be explain by its past prices.
Correlation Coefficient0.2
Spearman Rank Test0.33
Residual Average0.0
Price Variance0.16

ProShares Nanotechnology lagged returns against current returns

Autocorrelation, which is ProShares Nanotechnology 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 Nanotechnology's etf expected returns. We can calculate the autocorrelation of ProShares Nanotechnology returns to help us make a trade decision. For example, suppose you find that ProShares Nanotechnology 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   
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       Timeline  

ProShares Nanotechnology 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 Nanotechnology etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ProShares Nanotechnology etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ProShares Nanotechnology etf over time.
   Current vs Lagged Prices   
Share
       Timeline  

ProShares Nanotechnology Lagged Returns

When evaluating ProShares Nanotechnology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ProShares Nanotechnology etf have on its future price. ProShares Nanotechnology 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 Nanotechnology autocorrelation shows the relationship between ProShares Nanotechnology etf current value and its past values and can show if there is a momentum factor associated with investing in ProShares Nanotechnology ETF.
   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 Nanotechnology 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 Nanotechnology Correlation, ProShares Nanotechnology Volatility and ProShares Nanotechnology Alpha and Beta module to complement your research on ProShares Nanotechnology. You can also try Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.

Complementary Tools for analysis

When running ProShares Nanotechnology price analysis, check to measure ProShares Nanotechnology'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 Nanotechnology is operating at the current time. Most of ProShares Nanotechnology's value examination focuses on studying past and present price action to predict the probability of ProShares Nanotechnology's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move ProShares Nanotechnology's price. Additionally, you may evaluate how the addition of ProShares Nanotechnology to your portfolios can decrease your overall portfolio volatility.
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ProShares Nanotechnology 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 Nanotechnology technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of ProShares Nanotechnology 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...