Proshares Ultra Silver Etf Volatility

AGQ Etf  USD 28.74  0.60  2.13%   
We consider ProShares Ultra very steady. ProShares Ultra Silver maintains Sharpe Ratio (i.e., Efficiency) of 0.0531, which implies the entity had a 0.0531% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for ProShares Ultra Silver, which you can use to evaluate the volatility of the etf. Please check ProShares Ultra's Semi Deviation of 2.54, coefficient of variation of 3768.8, and Risk Adjusted Performance of 0.0228 to confirm if the risk estimate we provide is consistent with the expected return of 0.15%. Key indicators related to ProShares Ultra's volatility include:
30 Days Market Risk
Chance Of Distress
30 Days Economic Sensitivity
ProShares Ultra Etf volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of ProShares daily returns, and it is calculated using variance and standard deviation. We also use ProShares's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of ProShares Ultra volatility.
  
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as ProShares Ultra can benefit from it. Downward market volatility can be a perfect environment for investors who play the long game. Here, they may decide to buy additional stocks of ProShares Ultra at lower prices. For example, an investor can purchase ProShares stock that has halved in price over a short period. This will lower your average cost per share, thereby improving your portfolio's performance when the markets normalize. Similarly, when the prices of ProShares Ultra's stock rises, investors can sell out and invest the proceeds in other equities with better opportunities. Investing when markets are volatile with better valuations will accord both investors and companies the opportunity to generate better long-term returns.

Moving together with ProShares Etf

  0.89UGL ProShares Ultra GoldPairCorr
  0.88DGP DB Gold DoublePairCorr
  0.66GDXU MicroSectors Gold Miners Buyout TrendPairCorr
  0.77WTIU UBS ETRACS -PairCorr
  0.64NAIL Direxion Daily HomebPairCorr

Moving against ProShares Etf

  0.7WTID UBS ETRACS -PairCorr

ProShares Ultra Market Sensitivity And Downside Risk

ProShares Ultra's beta coefficient measures the volatility of ProShares etf compared to the systematic risk of the entire market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents ProShares etf's returns against your selected market. In other words, ProShares Ultra's beta of 2.48 provides an investor with an approximation of how much risk ProShares Ultra etf can potentially add to one of your existing portfolios. ProShares Ultra Silver currently demonstrates below-average downside deviation. It has Information Ratio of -0.02 and Jensen Alpha of -0.24. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure ProShares Ultra's etf risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact ProShares Ultra's etf price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.
3 Months Beta |Analyze ProShares Ultra Silver Demand Trend
Check current 90 days ProShares Ultra correlation with market (NYSE Composite)

ProShares Beta

    
  2.48  
ProShares standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. A typical volatile entity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.

Standard Deviation

    
  2.9  
It is essential to understand the difference between upside risk (as represented by ProShares Ultra's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of ProShares Ultra's daily returns or price. Since the actual investment returns on holding a position in proshares etf tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in ProShares Ultra.

Using ProShares Put Option to Manage Risk

Put options written on ProShares Ultra grant holders of the option the right to sell a specified amount of ProShares Ultra at a specified price within a specified time frame. The put buyer has a limited loss and, while not fully unlimited gains, as the price of ProShares Etf cannot fall below zero, the put buyer does gain as the price drops. So, one way investors can hedge ProShares Ultra's position is by buying a put option against it. The put option used this way is usually referred to as insurance. If an undesired outcome occurs and loss on holding ProShares Ultra will be realized, the loss incurred will be offset by the profits made with the option trade.

ProShares Ultra's PUT expiring on 2024-04-19

   Profit   
       ProShares Ultra Price At Expiration  

Current ProShares Ultra Insurance Chain

DeltaGammaOpen IntExpirationCurrent SpreadLast Price
Put
2024-04-19 PUT at $34.0-0.80570.054922024-04-194.0 - 5.75.65View
Put
2024-04-19 PUT at $33.0-0.70.0563122024-04-194.5 - 6.03.98View
Put
2024-04-19 PUT at $31.0-0.67410.1211272024-04-192.9 - 3.12.55View
Put
2024-04-19 PUT at $30.0-0.59220.1001172024-04-192.2 - 2.32.16View
Put
2024-04-19 PUT at $29.0-0.49450.1065522024-04-191.55 - 1.651.6View
Put
2024-04-19 PUT at $28.0-0.38450.10842542024-04-190.95 - 1.11.02View
Put
2024-04-19 PUT at $27.0-0.2740.09655402024-04-190.6 - 0.70.62View
Put
2024-04-19 PUT at $26.0-0.18060.07597402024-04-190.3 - 0.40.36View
Put
2024-04-19 PUT at $25.0-0.10310.0532352024-04-190.15 - 0.20.25View
Put
2024-04-19 PUT at $24.0-0.06180.03431772024-04-190.05 - 0.150.12View
View All ProShares Ultra Options

ProShares Ultra Silver Etf Volatility Analysis

Volatility refers to the frequency at which ProShares Ultra etf price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with ProShares Ultra's price changes. Investors will then calculate the volatility of ProShares Ultra's etf to predict their future moves. A etf that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A etf with relatively stable price changes has low volatility. A highly volatile etf is riskier, but the risk cuts both ways. Investing in highly volatile security can either be highly successful, or you may experience significant failure. There are two main types of ProShares Ultra's volatility:

Historical Volatility

This type of etf volatility measures ProShares Ultra's fluctuations based on previous trends. It's commonly used to predict ProShares Ultra's future behavior based on its past. However, it cannot conclusively determine the future direction of the etf.

Implied Volatility

This type of volatility provides a positive outlook on future price fluctuations for ProShares Ultra's current market price. This means that the etf will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on ProShares Ultra's to be redeemed at a future date.
Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. ProShares Ultra Silver Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input.

ProShares Ultra Projected Return Density Against Market

Considering the 90-day investment horizon the etf has the beta coefficient of 2.4804 . This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, ProShares Ultra will likely underperform.
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to ProShares Ultra or ProShares sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that ProShares Ultra's price will be affected by overall etf market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a ProShares etf's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
ProShares Ultra Silver has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
   Predicted Return Density   
       Returns  
ProShares Ultra's volatility is measured either by using standard deviation or beta. Standard deviation will reflect the average amount of how proshares etf's price will differ from the mean after some time.To get its calculation, you should first determine the mean price during the specified period then subtract that from each price point.

What Drives a ProShares Ultra Price Volatility?

Several factors can influence a etf's market volatility:

Industry

Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.

Political and Economic environment

When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.

The Company's Performance

Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract many investors to purchase the company. This positive attention will raise the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.

ProShares Ultra Etf Risk Measures

Considering the 90-day investment horizon the coefficient of variation of ProShares Ultra is 1883.03. The daily returns are distributed with a variance of 8.43 and standard deviation of 2.9. The mean deviation of ProShares Ultra Silver is currently at 2.34. For similar time horizon, the selected benchmark (NYSE Composite) has volatility of 0.56
α
Alpha over NYSE Composite
-0.24
β
Beta against NYSE Composite2.48
σ
Overall volatility
2.90
Ir
Information ratio -0.02

ProShares Ultra Etf Return Volatility

ProShares Ultra historical daily return volatility represents how much of ProShares Ultra etf's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The ETF has volatility of 2.9034% on return distribution over 90 days investment horizon. By contrast, NYSE Composite accepts 0.573% volatility on return distribution over the 90 days horizon.
 Performance 
       Timeline  

About ProShares Ultra Volatility

Volatility is a rate at which the price of ProShares Ultra or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of ProShares Ultra may increase or decrease. In other words, similar to ProShares's beta indicator, it measures the risk of ProShares Ultra and helps estimate the fluctuations that may happen in a short period of time. So if prices of ProShares Ultra fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.
The fund seeks to meet its investment objective by investing, under normal market conditions, in any one of, or combinations of, Financial Instruments based on the benchmark. Ultra Silver is traded on NYSEARCA Exchange in the United States.
ProShares Ultra's stock volatility refers to the amount of uncertainty or risk involved with the size of changes in its stock's price. It is a statistical measure of the dispersion of returns on ProShares Etf over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much ProShares Ultra's price varies over time.

3 ways to utilize ProShares Ultra's volatility to invest better

Higher ProShares Ultra's etf volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of ProShares Ultra Silver etf is relatively stable. Investors and traders use stock volatility as an indicator of risk and potential reward, as stocks with higher volatility can offer the potential for more significant returns but also come with a greater risk of losses. ProShares Ultra Silver etf volatility can provide helpful information for making investment decisions in the following ways:
  • Measuring Risk: Volatility can be used as a measure of risk, which can help you determine the potential fluctuations in the value of ProShares Ultra Silver investment. A higher volatility means higher risk and potentially larger changes in value.
  • Identifying Opportunities: High volatility in ProShares Ultra's etf can indicate that there is potential for significant price movements, either up or down, which could present investment opportunities.
  • Diversification: Understanding how the volatility of ProShares Ultra's etf relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Remember it's essential to remember that stock volatility is just one of many factors to consider when making investment decisions, and it should be used in conjunction with other fundamental and technical analysis tools.

ProShares Ultra Investment Opportunity

ProShares Ultra Silver has a volatility of 2.9 and is 5.09 times more volatile than NYSE Composite. 25 percent of all equities and portfolios are less risky than ProShares Ultra. You can use ProShares Ultra Silver to enhance the returns of your portfolios. The etf experiences an unexpected upward trend. Watch out for market signals. Check odds of ProShares Ultra to be traded at $34.49 in 90 days.

Very weak diversification

The correlation between ProShares Ultra Silver and NYA is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ProShares Ultra Silver and NYA in the same portfolio, assuming nothing else is changed.

ProShares Ultra Additional Risk Indicators

The analysis of ProShares Ultra's secondary risk indicators is one of the essential steps in making a buy or sell decision. 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 common measures of ProShares Ultra etf's risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential etfs, we recommend comparing similar etfs with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

ProShares Ultra Suggested Diversification Pairs

Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against ProShares Ultra as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. ProShares Ultra's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, ProShares Ultra's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to ProShares Ultra Silver.
When determining whether ProShares Ultra Silver is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if ProShares Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Proshares Ultra Silver Etf. Highlighted below are key reports to facilitate an investment decision about Proshares Ultra Silver Etf:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ProShares Ultra Silver. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in price.
Note that the ProShares Ultra Silver information on this page should be used as a complementary analysis to other ProShares Ultra'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 Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.

Complementary Tools for ProShares Etf analysis

When running ProShares Ultra's price analysis, check to measure ProShares Ultra's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ProShares Ultra is operating at the current time. Most of ProShares Ultra's value examination focuses on studying past and present price action to predict the probability of ProShares Ultra's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ProShares Ultra's price. Additionally, you may evaluate how the addition of ProShares Ultra to your portfolios can decrease your overall portfolio volatility.
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The market value of ProShares Ultra Silver 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.