Proshares Ultrashort Utilities Etf Market Value
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 Utilities investors about its performance. With this module, you can estimate the performance of a buy and hold strategy of ProShares UltraShort Utilities and determine expected loss or profit from investing in ProShares UltraShort over a given investment horizon. Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in banks.
| Symbol | ProShares |
Search Suggestions
| S | SentinelOne | Company |
| S | Sonic Labs | Cryptocurrency |
| SOJC | Southern Co | Company |
| SBI | Western Asset Intermediate | Fund |
| SH | ProShares Short SP500 | ETF |
| SML | SP Small-Cap 600 | Index |
| SIUSD | Silver Futures | Commodity |
Pair Trading with ProShares UltraShort
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 UltraShort 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 UltraShort will appreciate offsetting losses from the drop in the long position's value.Moving together with ProShares Etf
| 0.65 | SH | ProShares Short SP500 | PairCorr |
| 0.72 | PSQ | ProShares Short QQQ | PairCorr |
| 0.68 | SDS | ProShares UltraShort | PairCorr |
| 0.69 | SPXS | Direxion Daily SP | PairCorr |
Moving against ProShares Etf
| 0.72 | VTV | Vanguard Value Index | PairCorr |
| 0.68 | SPY | SPDR SP 500 | PairCorr |
| 0.68 | IVV | iShares Core SP | PairCorr |
| 0.67 | VTI | Vanguard Total Stock | PairCorr |
| 0.66 | BND | Vanguard Total Bond | PairCorr |
The ability to find closely correlated positions to ProShares UltraShort 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 UltraShort 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 UltraShort - 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 UltraShort Utilities to buy it.
The correlation of ProShares UltraShort is a statistical measure of how it moves in relation to other instruments. 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 UltraShort moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ProShares UltraShort 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 UltraShort 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.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 Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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.