Proshares Ultrashort Bloomberg Etf Market Value

KOLD Etf  USD 156.70  5.25  3.24%   
ProShares UltraShort's market value is the price at which a share of ProShares UltraShort trades on a public exchange. It measures the collective expectations of ProShares UltraShort Bloomberg investors about its performance. ProShares UltraShort is trading at 156.70 as of the 28th of March 2024, a -3.24 percent decrease since the beginning of the trading day. The etf's lowest day price was 149.28.
With this module, you can estimate the performance of a buy and hold strategy of ProShares UltraShort Bloomberg and determine expected loss or profit from investing in ProShares UltraShort over a given investment horizon. Check out 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 if ProShares UltraShort is a good investment 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
02/27/2024
No Change 0.00  0.0 
In 31 days
03/28/2024
0.00
If you would invest  0.00  in ProShares UltraShort on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding ProShares UltraShort Bloomberg or generate 0.0% return on investment in ProShares UltraShort over 30 days. ProShares UltraShort is related to or competes with Drum Income, EA Series, Global X, ETRACS Quarterly, Global X, UBS AG, and VanEck Energy. The fund seeks to meet its investment objective by investing in Natural Gas futures contracts 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 Bloomberg 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, anticipate that 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.
Hype
Prediction
LowEstimatedHigh
151.72159.05166.38
Details
Intrinsic
Valuation
LowRealHigh
131.28138.61175.15
Details
Naive
Forecast
LowNextHigh
161.40168.73176.06
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
146.27156.91167.55
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 toward taking a position in ProShares UltraShort.

ProShares UltraShort Backtested Returns

ProShares UltraShort is very steady given 3 months investment horizon. ProShares UltraShort maintains Sharpe Ratio (i.e., Efficiency) of 0.15, which implies the entity had a 0.15% return per unit of risk over the last 3 months. We were able to break down and interpolate twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.08% are justified by taking the suggested risk. Use ProShares UltraShort Semi Deviation of 7.28, risk adjusted performance of 0.0875, and Coefficient Of Variation of 709.33 to evaluate company specific risk that cannot be diversified away. The etf holds a Beta of 3.68, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, ProShares UltraShort will likely underperform.

Auto-correlation

    
  0.89  

Very good predictability

ProShares UltraShort Bloomberg has very good predictability. Overlapping area represents the amount of predictability between ProShares UltraShort time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 2024. 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 0.89 indicates that approximately 89.0% of current ProShares UltraShort price fluctuation can be explain by its past prices.
Correlation Coefficient0.89
Spearman Rank Test0.5
Residual Average0.0
Price Variance49.79

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 has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   
       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   
       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 Bloomberg.
   Regressed Prices   
       Timeline  

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When determining whether ProShares UltraShort offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ProShares UltraShort's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Proshares Ultrashort Bloomberg Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Proshares Ultrashort Bloomberg Etf:
Check out ProShares UltraShort Correlation, ProShares UltraShort Volatility and ProShares UltraShort Alpha and Beta module to complement your research on ProShares UltraShort.
You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.

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