ProShares UltraPro Valuation Overview

OILD -- USA Etf  

USD 22.84  0.78  3.30%

ProShares UltraPro 3x holds recent Real Value of $20.65 per share. The prevailing price of the etf is $22.84. At this time the etf appears to be over valued. Macroaxis determines value of ProShares UltraPro 3x from analyzing the etf fundamentals such as Net Asset of 20.67M and 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.
 Time Horizon     30 Days    Login   to change
ProShares UltraPro 3x Shrt Crude Oil ETF is rated number one ETF in one year return as compared to similar ETFs. It is rated number one ETF in net asset as compared to similar ETFs .

Current Market Valuation

ProShares UltraPro 3x Valuation Boundaries
Over Valued
July 19, 2018
22.84
Market Value
20.65
Real Value
Target Odds
  
38.68
Upside
ProShares UltraPro is relatively 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.
Additionally take a look at Your Equity Center. Please also try Pair Correlation module to compare performance and examine historical correlation between any two equity instruments.