Proshares Short Sp500 Etf Price on December 24, 2019
| SH Etf | USD 12.33 0.01 0.08% |
Below is the normalized historical share price chart for ProShares Short SP500 extending back to June 21, 2006. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of ProShares Short stands at 12.33, as last reported on the 25th of April, with the highest price reaching 12.40 and the lowest price hitting 12.29 during the day.
If you're considering investing in ProShares Etf, it is important to understand the factors that can impact its price. ProShares Short SP500 maintains Sharpe Ratio (i.e., Efficiency) of -0.0413, which implies the entity had a -0.0413% return per unit of risk over the last 3 months. ProShares Short SP500 exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check ProShares Short's Variance of 0.5293, risk adjusted performance of (0.03), and Coefficient Of Variation of (1,776) to confirm the risk estimate we provide.
ProShares Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 17.35 | 200 Day MA 13.3783 | 1 y Volatility 13.15 | 50 Day MA 12.2132 | Inception Date 2006-06-19 |
ProShares |
Sharpe Ratio = -0.0413
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| Negative Returns | SH |
Estimated Market Risk
| 0.75 actual daily | 6 94% of assets are more volatile |
Expected Return
| -0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.04 actual daily | 0 Most of other assets perform better |
Based on monthly moving average ProShares Short is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of ProShares Short by adding ProShares Short to a well-diversified portfolio.
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
About ProShares Short Etf history
ProShares Short investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for ProShares is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in ProShares Short SP500 will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing ProShares Short stock prices may prove useful in developing a viable investing in ProShares Short
The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the funds investment objective. Short SP500 is traded on NYSEARCA Exchange in the United States.
ProShares Short Etf Technical Analysis
ProShares Short 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.
Price Boundaries
ProShares Short Period Price Range
ProShares Short April 25, 2024 Market Strength
Market strength indicators help investors to evaluate how ProShares Short etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ProShares Short shares will generate the highest return on investment. By undertsting and applying ProShares Short etf market strength indicators, traders can identify ProShares Short SP500 entry and exit signals to maximize returns
| Accumulation Distribution | 163373.0 | |||
| Daily Balance Of Power | (0.09) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 12.35 | |||
| Day Typical Price | 12.34 | |||
| Price Action Indicator | (0.02) | |||
| Period Momentum Indicator | (0.01) | |||
| Relative Strength Index | 47.43 |
ProShares Short Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for ProShares Short's price direction in advance. Along with the technical and fundamental analysis of ProShares Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of ProShares to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | 0.0325 | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | 0.0521 |
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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ProShares Short SP500. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in rate. Note that the ProShares Short SP500 information on this page should be used as a complementary analysis to other ProShares Short's 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 Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
The market value of ProShares Short SP500 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 Short's value that differs from its market value or its book value, called intrinsic value, which is ProShares Short'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 Short's market value can be influenced by many factors that don't directly affect ProShares Short'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 Short's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares Short is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares Short'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.