Proshares Sp 500 Etf Buy Hold or Sell Recommendation
| NOBL Etf | USD 96.33 0.51 0.53% |
Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding ProShares SP 500 is 'Strong Hold'. Macroaxis provides ProShares buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding NOBL positions. The advice algorithm takes into account all of ProShares' available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting ProShares' buy or sell advice are summarized below:
Real Value 96.56 | Hype Value 96.32 | Market Value 96.33 | Naive Value 95.83 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell ProShares SP 500 given historical horizon and risk tolerance towards ProShares. When Macroaxis issues a 'buy' or 'sell' recommendation for ProShares SP 500, the advice is generated through an automated system that utilizes algorithms and statistical models.
ProShares |
Execute ProShares Buy or Sell Advice
The ProShares recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on ProShares SP 500. Macroaxis does not own or have any residual interests in ProShares SP 500 or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute ProShares' advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Hold
Market Performance | Modest | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Almost mirrors the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Not Available | Details |
ProShares Trading Alerts and Improvement Suggestions
| Latest headline from news.google.com: Fifth Third Bancorp Sells 300 Shares of ProShares SP 500 Aristocrats ETF - Defense World | |
| The fund maintains 99.87% of its assets in stocks |
ProShares Returns Distribution Density
The distribution of ProShares' historical returns is an attempt to chart the uncertainty of ProShares' future price movements. The chart of the probability distribution of ProShares daily returns describes the distribution of returns around its average expected value. We use ProShares SP 500 price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of ProShares returns is essential to provide solid investment advice for ProShares.
| Mean Return | 0.03 | Value At Risk | -1.21 | Potential Upside | 0.90 | Standard Deviation | 0.65 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of ProShares historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
ProShares Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to ProShares or ProShares sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that ProShares' price will be affected by overall etf market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a ProShares etf's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | -0.03 | |
β | Beta against NYSE Composite | 0.92 | |
σ | Overall volatility | 0.66 | |
Ir | Information ratio | -0.05 |
ProShares Volatility Alert
ProShares SP 500 exhibits relatively low volatility with skewness of -0.15 and kurtosis of 0.4. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure ProShares' etf risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact ProShares' etf price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.ProShares Fundamentals Vs Peers
Comparing ProShares' fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze ProShares' direct or indirect competition across all of the common fundamentals between ProShares and the related equities. This way, we can detect undervalued stocks with similar characteristics as ProShares or determine the etfs which would be an excellent addition to an existing portfolio. Peer analysis of ProShares' fundamental indicators could also be used in its relative valuation, which is a method of valuing ProShares by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare ProShares to competition |
| Fundamentals | ProShares | Peer Average |
| Price To Earning | 19.16 X | 3.15 X |
| Price To Book | 3.62 X | 0.39 X |
| Price To Sales | 1.49 X | 0.33 X |
| Beta | 0.87 | |
| One Year Return | 8.70 % | (0.97) % |
| Three Year Return | 5.40 % | 3.23 % |
| Five Year Return | 9.40 % | 1.12 % |
| Ten Year Return | 10.60 % | 1.20 % |
| Net Asset | 9.23 B | 2.29 B |
| Last Dividend Paid | 0.34 | 0.14 |
| Equity Positions Weight | 99.87 % | 52.82 % |
Note: Acquisition by Azar Michael C of 5000 shares of ProShares at 7.86 subject to Rule 16b-3 [view details]
ProShares Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as ProShares . With many 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.
About ProShares Buy or Sell Advice
When is the right time to buy or sell ProShares SP 500? Buying financial instruments such as ProShares Etf isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
Use Investing Ideas to Build Portfolios
In addition to having ProShares in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Check out ProShares Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note that the ProShares SP 500 information on this page should be used as a complementary analysis to other ProShares' 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 the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
The market value of ProShares SP 500 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' value that differs from its market value or its book value, called intrinsic value, which is ProShares' 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' market value can be influenced by many factors that don't directly affect ProShares' 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' value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares' 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.