ProShares UltraPro 3x holds recent Real Value of $16.15 per share. The prevailing price of the etf is $17.27. At this time the etf appears to be over valued. Macroaxis determines value of ProShares UltraPro 3x from analyzing the etf fundamentals such as Number of Employees of 526 as well as examining its technical indicators and Probability Of Bankruptcy. In general, we support investing in undervalued entities and to dispose of overvalued entities since at some point stocks prices and their ongoing real values will merge together.
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ProShares UltraPro is moderately volatile asset. Calculation of real value of ProShares UltraPro 3x is based on 1 month time horizon. Increasing ProShares UltraPro 3x time horizon generally increases accuracy of value calculation and significantly improves predictive power of the methodology used.