Proshares Ultra Sp500 Etf Market Value
| SSO Etf | USD 71.95 0.09 0.12% |
| Symbol | ProShares |
The market value of ProShares Ultra SP500 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.
ProShares Ultra 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to ProShares Ultra's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of ProShares Ultra.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in ProShares Ultra on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding ProShares Ultra SP500 or generate 0.0% return on investment in ProShares Ultra over 30 days. ProShares Ultra is related to or competes with ProShares Ultra, ProShares Ultra, ProShares UltraShort, ProShares Ultra, and ProShares UltraShort. The fund invests in financial instruments that the advisors believe, in combination, should produce daily returns consis... More
ProShares Ultra Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure ProShares Ultra's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess ProShares Ultra SP500 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.43 | |||
| Information Ratio | 0.0201 | |||
| Maximum Drawdown | 6.94 | |||
| Value At Risk | (2.54) | |||
| Potential Upside | 2.12 |
ProShares Ultra Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ProShares Ultra's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ProShares Ultra's standard deviation. In reality, there are many statistical measures that can use ProShares Ultra historical prices to predict the future ProShares Ultra's volatility.| Risk Adjusted Performance | 0.0589 | |||
| Jensen Alpha | 0.0605 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.0206 | |||
| Treynor Ratio | 0.1804 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ProShares Ultra's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
ProShares Ultra SP500 Backtested Returns
We consider ProShares Ultra very steady. ProShares Ultra SP500 maintains Sharpe Ratio (i.e., Efficiency) of 0.0696, which implies the entity had a 0.0696% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for ProShares Ultra SP500, which you can use to evaluate the volatility of the etf. Please check ProShares Ultra's Risk Adjusted Performance of 0.0589, coefficient of variation of 1172.9, and Semi Deviation of 1.26 to confirm if the risk estimate we provide is consistent with the expected return of 0.1%. The etf holds a Beta of 0.64, which implies possible diversification benefits within a given portfolio. As returns on the market increase, ProShares Ultra's returns are expected to increase less than the market. However, during the bear market, the loss of holding ProShares Ultra is expected to be smaller as well.
Auto-correlation | 0.64 |
Good predictability
ProShares Ultra SP500 has good predictability. Overlapping area represents the amount of predictability between ProShares Ultra time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of ProShares Ultra SP500 price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current ProShares Ultra price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 3.68 |
ProShares Ultra SP500 lagged returns against current returns
Autocorrelation, which is ProShares Ultra etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting ProShares Ultra's etf expected returns. We can calculate the autocorrelation of ProShares Ultra returns to help us make a trade decision. For example, suppose you find that ProShares Ultra has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
ProShares Ultra regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If ProShares Ultra etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ProShares Ultra etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ProShares Ultra etf over time.
Current vs Lagged Prices |
| Timeline |
ProShares Ultra Lagged Returns
When evaluating ProShares Ultra's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ProShares Ultra etf have on its future price. ProShares Ultra autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, ProShares Ultra autocorrelation shows the relationship between ProShares Ultra etf current value and its past values and can show if there is a momentum factor associated with investing in ProShares Ultra SP500.
Regressed Prices |
| Timeline |
ProShares Ultra Implied Volatility | 41.06 |
ProShares Ultra's implied volatility exposes the market's sentiment of ProShares Ultra SP500 stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if ProShares Ultra's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that ProShares Ultra stock will not fluctuate a lot when ProShares Ultra's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards ProShares Ultra in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, ProShares Ultra's short interest history, or implied volatility extrapolated from ProShares Ultra options trading.
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When determining whether ProShares Ultra SP500 offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ProShares Ultra's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Proshares Ultra Sp500 Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Proshares Ultra Sp500 Etf: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 Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
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.