Proshares Hedge Replication Etf Technical Analysis
| HDG Etf | USD 48.49 0.05 0.10% |
As of the 18th of April 2024, ProShares Hedge holds the Semi Deviation of 0.3247, risk adjusted performance of 0.0308, and Coefficient Of Variation of 1589.49. ProShares Hedge Repl technical analysis gives you tools to exploit past prices in attempt to determine a pattern that determines the direction of the etf's future prices. Put it differently, you can use this information to find out if the etf will indeed mirror its model of past market data, or the prices will eventually revert. We were able to break down nineteen technical drivers for ProShares Hedge Repl, which can be compared to its competitors. Please check ProShares Hedge Repl value at risk, and the relationship between the jensen alpha and semi variance to decide if ProShares Hedge Repl is priced some-what accurately, providing market reflects its current price of 48.49 per share.
ProShares Hedge Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as ProShares, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ProSharesProShares |
ProShares Hedge 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.
ProShares Hedge Repl Technical Analysis
The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of ProShares Hedge Repl volatility. High ATR values indicate high volatility, and low values indicate low volatility.
ProShares Hedge Repl Trend Analysis
Use this graph to draw trend lines for ProShares Hedge Replication. You can use it to identify possible trend reversals for ProShares Hedge as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual ProShares Hedge price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.ProShares Hedge Best Fit Change Line
The following chart estimates an ordinary least squares regression model for ProShares Hedge Replication applied against its price change over selected period. The best fit line has a slop of 0.02 , which may imply that ProShares Hedge Replication will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 14.15, which is the sum of squared deviations for the predicted ProShares Hedge price change compared to its average price change.About ProShares Hedge Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of ProShares Hedge Replication on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of ProShares Hedge Replication based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on ProShares Hedge Repl price pattern first instead of the macroeconomic environment surrounding ProShares Hedge Repl. By analyzing ProShares Hedge's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of ProShares Hedge's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to ProShares Hedge specific price patterns or momentum indicators. Please read more on our technical analysis page.
ProShares Hedge April 18, 2024 Technical Indicators
Most technical analysis of ProShares help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for ProShares from various momentum indicators to cycle indicators. When you analyze ProShares charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0308 | |||
| Market Risk Adjusted Performance | 0.0411 | |||
| Mean Deviation | 0.2466 | |||
| Semi Deviation | 0.3247 | |||
| Downside Deviation | 0.3919 | |||
| Coefficient Of Variation | 1589.49 | |||
| Standard Deviation | 0.3334 | |||
| Variance | 0.1112 | |||
| Information Ratio | (0.10) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | 0.0311 | |||
| Maximum Drawdown | 2.03 | |||
| Value At Risk | (0.47) | |||
| Potential Upside | 0.5186 | |||
| Downside Variance | 0.1536 | |||
| Semi Variance | 0.1054 | |||
| Expected Short fall | (0.24) | |||
| Skewness | (0.44) | |||
| Kurtosis | 1.9 |
ProShares Hedge Repl One Year Return
Based on the recorded statements, ProShares Hedge Replication has an One Year Return of 4.8%. This is 128.27% lower than that of the ProShares family and significantly higher than that of the Multistrategy category. The one year return for all United States etfs is notably lower than that of the firm.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.ProShares Hedge April 18, 2024 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as ProShares stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 2.51 | ||
| Daily Balance Of Power | (0.36) | ||
| Rate Of Daily Change | 1.00 | ||
| Day Median Price | 48.50 | ||
| Day Typical Price | 48.50 | ||
| Price Action Indicator | (0.03) | ||
| Market Facilitation Index | 0.0002 |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in ProShares Hedge Replication. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. Note that the ProShares Hedge Repl information on this page should be used as a complementary analysis to other ProShares Hedge'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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
The market value of ProShares Hedge Repl 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 Hedge's value that differs from its market value or its book value, called intrinsic value, which is ProShares Hedge'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 Hedge's market value can be influenced by many factors that don't directly affect ProShares Hedge'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 Hedge's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares Hedge is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares Hedge'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.