Proshares Ultrapro Sp500 Etf Market Value

UPRO Etf  USD 70.68  0.09  0.13%   
ProShares UltraPro's market value is the price at which a share of ProShares UltraPro trades on a public exchange. It measures the collective expectations of ProShares UltraPro SP500 investors about its performance. ProShares UltraPro is selling at 70.68 as of the 28th of March 2024; that is 0.13 percent increase since the beginning of the trading day. The etf's open price was 70.59.
With this module, you can estimate the performance of a buy and hold strategy of ProShares UltraPro SP500 and determine expected loss or profit from investing in ProShares UltraPro over a given investment horizon. Check out ProShares UltraPro Correlation, ProShares UltraPro Volatility and ProShares UltraPro Alpha and Beta module to complement your research on ProShares UltraPro.
Symbol

The market value of ProShares UltraPro 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 UltraPro's value that differs from its market value or its book value, called intrinsic value, which is ProShares UltraPro'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 UltraPro's market value can be influenced by many factors that don't directly affect ProShares UltraPro'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 UltraPro's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares UltraPro is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares UltraPro'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 UltraPro '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 UltraPro'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 UltraPro.
0.00
02/27/2024
No Change 0.00  0.0 
In 31 days
03/28/2024
0.00
If you would invest  0.00  in ProShares UltraPro on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding ProShares UltraPro SP500 or generate 0.0% return on investment in ProShares UltraPro over 30 days. ProShares UltraPro is related to or competes with Northern Lights, Dimensional International, First Trust, FT Cboe, FT Cboe, ProShares Short, and Vanguard Large. The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns ... More

ProShares UltraPro 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 UltraPro'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 UltraPro SP500 upside and downside potential and time the market with a certain degree of confidence.

ProShares UltraPro Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for ProShares UltraPro's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ProShares UltraPro's standard deviation. In reality, there are many statistical measures that can use ProShares UltraPro historical prices to predict the future ProShares UltraPro's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ProShares UltraPro'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.
Hype
Prediction
LowEstimatedHigh
68.5170.5772.63
Details
Intrinsic
Valuation
LowRealHigh
60.9162.9777.65
Details
Naive
Forecast
LowNextHigh
68.5570.6172.67
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
68.1669.6271.07
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as ProShares UltraPro. Your research has to be compared to or analyzed against ProShares UltraPro's peers to derive any actionable benefits. When done correctly, ProShares UltraPro's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in ProShares UltraPro SP500.

ProShares UltraPro SP500 Backtested Returns

ProShares UltraPro appears to be very steady, given 3 months investment horizon. ProShares UltraPro SP500 maintains Sharpe Ratio (i.e., Efficiency) of 0.21, which implies the entity had a 0.21% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for ProShares UltraPro SP500, which you can use to evaluate the volatility of the etf. Please evaluate ProShares UltraPro's Coefficient Of Variation of 459.7, risk adjusted performance of 0.128, and Semi Deviation of 1.41 to confirm if our risk estimates are consistent with your expectations. The etf holds a Beta of -0.21, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ProShares UltraPro are expected to decrease at a much lower rate. During the bear market, ProShares UltraPro is likely to outperform the market.

Auto-correlation

    
  0.52  

Modest predictability

ProShares UltraPro SP500 has modest predictability. Overlapping area represents the amount of predictability between ProShares UltraPro time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 UltraPro SP500 price movement. The serial correlation of 0.52 indicates that about 52.0% of current ProShares UltraPro price fluctuation can be explain by its past prices.
Correlation Coefficient0.52
Spearman Rank Test0.88
Residual Average0.0
Price Variance2.6

ProShares UltraPro SP500 lagged returns against current returns

Autocorrelation, which is ProShares UltraPro 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 UltraPro's etf expected returns. We can calculate the autocorrelation of ProShares UltraPro returns to help us make a trade decision. For example, suppose you find that ProShares UltraPro 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 UltraPro 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 UltraPro etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ProShares UltraPro etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ProShares UltraPro etf over time.
   Current vs Lagged Prices   
       Timeline  

ProShares UltraPro Lagged Returns

When evaluating ProShares UltraPro's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ProShares UltraPro etf have on its future price. ProShares UltraPro 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 UltraPro autocorrelation shows the relationship between ProShares UltraPro etf current value and its past values and can show if there is a momentum factor associated with investing in ProShares UltraPro SP500.
   Regressed Prices   
       Timeline  

ProShares UltraPro Implied Volatility

    
  66.85  
ProShares UltraPro's implied volatility exposes the market's sentiment of ProShares UltraPro SP500 stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if ProShares UltraPro'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 UltraPro stock will not fluctuate a lot when ProShares UltraPro'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 UltraPro 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 UltraPro's short interest history, or implied volatility extrapolated from ProShares UltraPro options trading.

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether ProShares UltraPro 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 UltraPro'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 Ultrapro Sp500 Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Proshares Ultrapro Sp500 Etf:
Check out ProShares UltraPro Correlation, ProShares UltraPro Volatility and ProShares UltraPro Alpha and Beta module to complement your research on ProShares UltraPro.
You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.

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When running ProShares UltraPro's price analysis, check to measure ProShares UltraPro'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 UltraPro is operating at the current time. Most of ProShares UltraPro's value examination focuses on studying past and present price action to predict the probability of ProShares UltraPro'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 UltraPro's price. Additionally, you may evaluate how the addition of ProShares UltraPro to your portfolios can decrease your overall portfolio volatility.
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ProShares UltraPro 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.
A focus of ProShares UltraPro technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of ProShares UltraPro trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...