Proshares Ultra Msci Etf Market Value
ProShares Ultra's market value is the price at which a share of ProShares Ultra trades on a public exchange. It measures the collective expectations of ProShares Ultra MSCI investors about its performance. With this module, you can estimate the performance of a buy and hold strategy of ProShares Ultra MSCI and determine expected loss or profit from investing in ProShares Ultra over a given investment horizon. Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in census.
| Symbol | ProShares |
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| EM | EM | Cryptocurrency |
| E0R75RAB2 | AICNRA 575 15 JUN 33 | Corporate Bond |
| ESUSD | E Mini SP 500 | Commodity |
Pair Trading with ProShares Ultra
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ProShares Ultra position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ProShares Ultra will appreciate offsetting losses from the drop in the long position's value.Moving together with ProShares Etf
| 0.89 | SSO | ProShares Ultra SP500 | PairCorr |
| 0.89 | SPXL | Direxion Daily SP500 Sell-off Trend | PairCorr |
| 0.9 | QLD | ProShares Ultra QQQ | PairCorr |
| 0.63 | NRGU | Bank of Montreal | PairCorr |
| 0.89 | UPRO | ProShares UltraPro SP500 Sell-off Trend | PairCorr |
The ability to find closely correlated positions to ProShares Ultra could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ProShares Ultra when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ProShares Ultra - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ProShares Ultra MSCI to buy it.
The correlation of ProShares Ultra is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ProShares Ultra moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ProShares Ultra MSCI moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ProShares Ultra can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out ProShares Ultra Correlation, ProShares Ultra Volatility and ProShares Ultra Alpha and Beta module to complement your research on ProShares Ultra. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
ProShares Ultra 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.