Proshares Ultrapro Short Etf Technical Analysis
| SPXU Etf | USD 36.14 1.28 3.67% |
As of the 16th of April 2024, ProShares UltraPro holds the Coefficient Of Variation of (1,046), variance of 4.59, and Risk Adjusted Performance of (0.05). Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of ProShares UltraPro, as well as the relationship between them. 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 have analyzed and interpolated thirteen technical drivers for ProShares UltraPro Short, which can be compared to its competitors. Please check ProShares UltraPro Short market risk adjusted performance and treynor ratio to decide if ProShares UltraPro Short is priced some-what accurately, providing market reflects its current price of 36.14 per share.
ProShares UltraPro 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 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.
ProShares UltraPro Short Technical Analysis
The output start index for this execution was one with a total number of output elements of sixty. 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 UltraPro Short volatility. High ATR values indicate high volatility, and low values indicate low volatility.
ProShares UltraPro Short Trend Analysis
Use this graph to draw trend lines for ProShares UltraPro Short. You can use it to identify possible trend reversals for ProShares UltraPro 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 UltraPro price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.ProShares UltraPro Best Fit Change Line
The following chart estimates an ordinary least squares regression model for ProShares UltraPro Short applied against its price change over selected period. The best fit line has a slop of 0.12 , which may suggest that ProShares UltraPro Short market price will keep on failing further. It has 122 observation points and a regression sum of squares at 535.8, which is the sum of squared deviations for the predicted ProShares UltraPro price change compared to its average price change.About ProShares UltraPro 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 UltraPro Short 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 UltraPro Short based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on ProShares UltraPro Short price pattern first instead of the macroeconomic environment surrounding ProShares UltraPro Short. By analyzing ProShares UltraPro'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 UltraPro'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 UltraPro specific price patterns or momentum indicators. Please read more on our technical analysis page.
ProShares UltraPro April 16, 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 | (0.05) | |||
| Market Risk Adjusted Performance | 0.0833 | |||
| Mean Deviation | 1.65 | |||
| Coefficient Of Variation | (1,046) | |||
| Standard Deviation | 2.14 | |||
| Variance | 4.59 | |||
| Information Ratio | (0.12) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | 0.0733 | |||
| Maximum Drawdown | 10.83 | |||
| Value At Risk | (3.40) | |||
| Potential Upside | 3.78 | |||
| Skewness | 0.0875 | |||
| Kurtosis | 0.164 |
ProShares UltraPro Short One Year Return
Based on the recorded statements, ProShares UltraPro Short has an One Year Return of -45.4%. This is 167.37% higher than that of the ProShares family and notably lower than that of the Trading--Inverse Equity category. The one year return for all United States etfs is notably higher than that of the company.
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.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 Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
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.