Proshares Sp 500 Etf Market Value
| SPXN Etf | USD 54.03 0.22 0.41% |
| Symbol | ProShares |
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.
ProShares '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' 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.
| 05/24/2023 |
| 04/18/2024 |
If you would invest 0.00 in ProShares on May 24, 2023 and sell it all today you would earn a total of 0.00 from holding ProShares SP 500 or generate 0.0% return on investment in ProShares over 330 days. ProShares is related to or competes with Dimensional Targeted, Dimensional World, and Dimensional Small. Under normal circumstances, the fund will invest at least 80 percent of its total assets in component securities of the ... More
ProShares 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' 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 SP 500 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7306 | |||
| Information Ratio | 0.0443 | |||
| Maximum Drawdown | 3.83 | |||
| Value At Risk | (1.23) | |||
| Potential Upside | 1.26 |
ProShares Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ProShares' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ProShares' standard deviation. In reality, there are many statistical measures that can use ProShares historical prices to predict the future ProShares' volatility.| Risk Adjusted Performance | 0.0751 | |||
| Jensen Alpha | 0.0357 | |||
| Total Risk Alpha | 0.024 | |||
| Sortino Ratio | 0.0469 | |||
| Treynor Ratio | 0.0823 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ProShares' 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.
ProShares SP 500 Backtested Returns
We consider ProShares very steady. ProShares SP 500 maintains Sharpe Ratio (i.e., Efficiency) of 0.0851, which implies the entity had a 0.0851% return per unit of risk over the last 3 months. We have found thirty technical indicators for ProShares SP 500, which you can use to evaluate the volatility of the etf. Please check ProShares' Semi Deviation of 0.6029, risk adjusted performance of 0.0751, and Coefficient Of Variation of 861.07 to confirm if the risk estimate we provide is consistent with the expected return of 0.0652%. The etf holds a Beta of 0.97, which implies possible diversification benefits within a given portfolio. ProShares returns are very sensitive to returns on the market. As the market goes up or down, ProShares is expected to follow.
Auto-correlation | 0.07 |
Virtually no predictability
ProShares SP 500 has virtually no predictability. Overlapping area represents the amount of predictability between ProShares time series from 24th of May 2023 to 5th of November 2023 and 5th of November 2023 to 18th of April 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 SP 500 price movement. The serial correlation of 0.07 indicates that barely 7.0% of current ProShares price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 8.2 |
ProShares SP 500 lagged returns against current returns
Autocorrelation, which is ProShares 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' etf expected returns. We can calculate the autocorrelation of ProShares returns to help us make a trade decision. For example, suppose you find that ProShares 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 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 etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ProShares etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ProShares etf over time.
Current vs Lagged Prices |
| Timeline |
ProShares Lagged Returns
When evaluating ProShares' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ProShares etf have on its future price. ProShares 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 autocorrelation shows the relationship between ProShares etf current value and its past values and can show if there is a momentum factor associated with investing in ProShares SP 500.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards ProShares in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, ProShares' short interest history, or implied volatility extrapolated from ProShares options trading.
Currently Active Assets on Macroaxis
When determining whether ProShares SP 500 is a strong investment it is important to analyze ProShares' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ProShares' future performance. For an informed investment choice regarding ProShares Etf, refer to the following important reports:Check out ProShares Correlation, ProShares Volatility and ProShares Alpha and Beta module to complement your research on ProShares. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
ProShares 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.