ProShares Short Etf Forecast - Simple Exponential Smoothing
| RWM Etf | USD 21.27 0.02 0.09% |
The Simple Exponential Smoothing forecasted value of ProShares Short Russell2000 on the next trading day is expected to be 21.27 with a mean absolute deviation of 0.22 and the sum of the absolute errors of 46.37. ProShares Etf Forecast is based on your current time horizon.
ProShares |
Open Interest Against 2024-06-21 ProShares Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast ProShares Short's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in ProShares Short's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for ProShares Short stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current ProShares Short's open interest, investors have to compare it to ProShares Short's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of ProShares Short is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in ProShares. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in ProShares Short cannot accurately predict what will happen the next trading day because, historically, etf markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the ProShares Short's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets ProShares Short's price structures and extracts relationships that further increase the generated results' accuracy.
ProShares Short simple exponential smoothing forecast is a very popular model used to produce a smoothed price series. Whereas in simple Moving Average models the past observations for ProShares Short Russell2000 are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as ProShares Short Russ prices get older. ProShares Short Simple Exponential Smoothing Price Forecast For the 21st of June
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of ProShares Short Russell2000 on the next trading day is expected to be 21.27 with a mean absolute deviation of 0.22, mean absolute percentage error of 0.08, and the sum of the absolute errors of 46.37.Please note that although there have been many attempts to predict ProShares Etf prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that ProShares Short's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
ProShares Short Etf Forecast Pattern
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ProShares Short Forecasted Value
In the context of forecasting ProShares Short's Etf value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. ProShares Short's downside and upside margins for the forecasting period are 20.01 and 22.53, respectively. We have considered ProShares Short's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Simple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of ProShares Short etf data series using in forecasting. Note that when a statistical model is used to represent ProShares Short etf, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 396.7437 |
| Bias | Arithmetic mean of the errors | 0.002 |
| MAD | Mean absolute deviation | 0.2167 |
| MAPE | Mean absolute percentage error | 0.0098 |
| SAE | Sum of the absolute errors | 46.37 |
Predictive Modules for ProShares Short
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ProShares Short Russ. Regardless of method or technology, however, to accurately forecast the etf market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the etf market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ProShares Short'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.
Other Forecasting Options for ProShares Short
For every potential investor in ProShares, whether a beginner or expert, ProShares Short's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. ProShares Etf price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in ProShares. Basic forecasting techniques help filter out the noise by identifying ProShares Short's price trends.ProShares Short Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with ProShares Short etf to make a market-neutral strategy. Peer analysis of ProShares Short could also be used in its relative valuation, which is a method of valuing ProShares Short by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
ProShares Short Russ Technical and Predictive Analytics
The etf market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of ProShares Short's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of ProShares Short's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
ProShares Short Market Strength Events
Market strength indicators help investors to evaluate how ProShares Short etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ProShares Short shares will generate the highest return on investment. By undertsting and applying ProShares Short etf market strength indicators, traders can identify ProShares Short Russell2000 entry and exit signals to maximize returns.
ProShares Short Risk Indicators
The analysis of ProShares Short's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in ProShares Short's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting proshares etf prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 0.9663 | |||
| Semi Deviation | 1.27 | |||
| Standard Deviation | 1.24 | |||
| Variance | 1.53 | |||
| Downside Variance | 1.66 | |||
| Semi Variance | 1.62 | |||
| Expected Short fall | (0.97) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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Additional Information and Resources on Investing in ProShares Etf
When determining whether ProShares Short Russ is a strong investment it is important to analyze ProShares Short's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ProShares Short's future performance. For an informed investment choice regarding ProShares Etf, refer to the following important reports:Check out Historical Fundamental Analysis of ProShares Short to cross-verify your projections. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
The market value of ProShares Short Russ 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 Short's value that differs from its market value or its book value, called intrinsic value, which is ProShares Short'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 Short's market value can be influenced by many factors that don't directly affect ProShares Short'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 Short's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares Short is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares Short'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.