ProShares Ultra Etf Forecast - Simple Regression
| UGE Etf | USD 18.59 0.15 0.80% |
The Simple Regression forecasted value of ProShares Ultra Consumer on the next trading day is expected to be 18.55 with a mean absolute deviation of 0.24 and the sum of the absolute errors of 14.85. ProShares Etf Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast ProShares Ultra stock prices and determine the direction of ProShares Ultra Consumer's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of ProShares Ultra's historical fundamentals, such as revenue growth or operating cash flow patterns.
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ProShares Ultra Simple Regression Price Forecast For the 25th of July
Given 90 days horizon, the Simple Regression forecasted value of ProShares Ultra Consumer on the next trading day is expected to be 18.55 with a mean absolute deviation of 0.24, mean absolute percentage error of 0.1, and the sum of the absolute errors of 14.85.Please note that although there have been many attempts to predict ProShares Etf prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that ProShares Ultra's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
ProShares Ultra Etf Forecast Pattern
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ProShares Ultra Forecasted Value
In the context of forecasting ProShares Ultra's Etf value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. ProShares Ultra's downside and upside margins for the forecasting period are 17.16 and 19.93, respectively. We have considered ProShares Ultra's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Simple Regression forecasting method's relative quality and the estimations of the prediction error of ProShares Ultra etf data series using in forecasting. Note that when a statistical model is used to represent ProShares Ultra etf, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 115.7919 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.2435 |
| MAPE | Mean absolute percentage error | 0.0131 |
| SAE | Sum of the absolute errors | 14.8523 |
Predictive Modules for ProShares Ultra
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ProShares Ultra Consumer. Regardless of method or technology, however, to accurately forecast the etf market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the etf market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Other Forecasting Options for ProShares Ultra
For every potential investor in ProShares, whether a beginner or expert, ProShares Ultra's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. ProShares Etf price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in ProShares. Basic forecasting techniques help filter out the noise by identifying ProShares Ultra's price trends.ProShares Ultra Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with ProShares Ultra etf to make a market-neutral strategy. Peer analysis of ProShares Ultra could also be used in its relative valuation, which is a method of valuing ProShares Ultra by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
ProShares Ultra Consumer Technical and Predictive Analytics
The etf market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of ProShares Ultra's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of ProShares Ultra's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
ProShares Ultra Market Strength Events
Market strength indicators help investors to evaluate how ProShares Ultra 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 Ultra shares will generate the highest return on investment. By undertsting and applying ProShares Ultra etf market strength indicators, traders can identify ProShares Ultra Consumer entry and exit signals to maximize returns.
| Accumulation Distribution | 206.15 | |||
| Daily Balance Of Power | (0.54) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 18.73 | |||
| Day Typical Price | 18.68 | |||
| Price Action Indicator | (0.21) | |||
| Period Momentum Indicator | (0.15) |
ProShares Ultra Risk Indicators
The analysis of ProShares Ultra's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in ProShares Ultra's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting proshares etf prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.06 | |||
| Semi Deviation | 1.25 | |||
| Standard Deviation | 1.39 | |||
| Variance | 1.92 | |||
| Downside Variance | 1.7 | |||
| Semi Variance | 1.57 | |||
| Expected Short fall | (1.20) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Also Currently Popular
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.| VALE | Vale SA ADR | |
| EGY | Vaalco Energy | |
| CMCSA | Comcast Corp |
Check out Historical Fundamental Analysis of ProShares Ultra to cross-verify your projections. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
The market value of ProShares Ultra Consumer 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 Ultra's value that differs from its market value or its book value, called intrinsic value, which is ProShares Ultra'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 Ultra's market value can be influenced by many factors that don't directly affect ProShares Ultra'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 Ultra's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares Ultra is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares Ultra'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.