Proshares Ultrapro Short Etf Price on March 26, 2024
| SPXU Etf | USD 34.89 1.37 3.78% |
Below is the normalized historical share price chart for ProShares UltraPro Short extending back to June 25, 2009. 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 UltraPro stands at 34.89, as last reported on the 4th of May, with the highest price reaching 35.50 and the lowest price hitting 34.65 during the day.
If you're considering investing in ProShares Etf, it is important to understand the factors that can impact its price. ProShares UltraPro Short maintains Sharpe Ratio (i.e., Efficiency) of -0.0553, which implies the entity had a -0.0553% return per unit of risk over the last 3 months. ProShares UltraPro Short exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check ProShares UltraPro's Risk Adjusted Performance of (0.05), coefficient of variation of (1,098), and Variance of 5.09 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 52.06 | 200 Day MA 46.685 | 1 y Volatility 42.76 | 50 Day MA 34.922 | Inception Date 2009-06-23 |
ProShares |
Sharpe Ratio = -0.0553
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | SPXU |
Estimated Market Risk
| 2.21 actual daily | 19 81% of assets are more volatile |
Expected Return
| -0.12 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.06 actual daily | 0 Most of other assets perform better |
Based on monthly moving average ProShares UltraPro 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 UltraPro by adding ProShares UltraPro to a well-diversified portfolio.
ProShares UltraPro Valuation on March 26, 2024
It is possible to determine the worth of ProShares UltraPro on a given historical date. On March 26, 2024 ProShares was worth 6.52 at the beginning of the trading date compared to the closed value of 33.1. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of ProShares UltraPro etf. Still, in general, we apply an absolute valuation method to find ProShares UltraPro's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of ProShares UltraPro where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against ProShares UltraPro's related companies.
| Open | High | Low | Close | Volume | |
| 6.57 | 57.81 | 7.70 | 32.85 | 2,151,804 | |
03/26/2024 | 6.52 | 58.06 | 7.68 | 33.10 | 1,921,929 |
| 6.51 | 56.68 | 7.25 | 32.25 | 3,954,044 |
| Backtest ProShares UltraPro | | | ProShares UltraPro History | | | ProShares UltraPro Valuation | Previous | Next |
ProShares UltraPro Trading Date Momentum on March 26, 2024
| On March 27 2024 ProShares UltraPro Short was traded for 32.25 at the closing time. The top price for the day was 56.68 and the lowest listed price was 7.25 . The trading volume for the day was 4 M. The trading history from March 27, 2024 was a factor to the next trading day price decrease. The trading price change against the next closing price was 2.57% . The trading delta at closing time against the current closing price is 79.40% . |
ProShares UltraPro Short Fundamentals Correlations and Trends
By evaluating ProShares UltraPro's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among ProShares UltraPro's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. ProShares financial account trend analysis is a perfect complement when working with valuation or volatility modules.About ProShares UltraPro Etf history
ProShares UltraPro 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 UltraPro Short 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 UltraPro stock prices may prove useful in developing a viable investing in ProShares UltraPro
The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the funds investment objective. Ultrapro Short is traded on NYSEARCA Exchange in the United States.
ProShares UltraPro Etf Technical Analysis
ProShares UltraPro 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 UltraPro Period Price Range
Low | March 26, 2024
| High |
6.52 | 33.10 |
ProShares UltraPro May 4, 2024 Market Strength
Market strength indicators help investors to evaluate how ProShares UltraPro 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 UltraPro shares will generate the highest return on investment. By undertsting and applying ProShares UltraPro etf market strength indicators, traders can identify ProShares UltraPro Short entry and exit signals to maximize returns
| Accumulation Distribution | 1.7 M | |||
| Daily Balance Of Power | 0.5276 | |||
| Rate Of Daily Change | 5.08 | |||
| Day Median Price | 32.87 | |||
| Day Typical Price | 32.95 | |||
| Price Action Indicator | 13.52 | |||
| Period Momentum Indicator | 1.79 |
ProShares UltraPro Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for ProShares UltraPro'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 | (0.05) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | 0.0716 |
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| Volume Indicators |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ProShares UltraPro Short. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in interest. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
The market value of ProShares UltraPro Short 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 UltraPro's value that differs from its market value or its book value, called intrinsic value, which is ProShares UltraPro'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 UltraPro's market value can be influenced by many factors that don't directly affect ProShares UltraPro'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 UltraPro's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares UltraPro is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares UltraPro'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.