Proshares Ultra Smallcap600 Etf Price on February 16, 2024
| SAA Etf | USD 23.17 0.76 3.39% |
Below is the normalized historical share price chart for ProShares Ultra SmallCap600 extending back to January 25, 2007. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of ProShares Ultra stands at 23.17, as last reported on the 15th of June 2024, with the highest price reaching 23.20 and the lowest price hitting 23.02 during the day.
If you're considering investing in ProShares Etf, it is important to understand the factors that can impact its price. We consider ProShares Ultra very steady. ProShares Ultra Smal maintains Sharpe Ratio (i.e., Efficiency) of 0.0118, which implies the entity had a 0.0118% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for ProShares Ultra Smal, which you can use to evaluate the volatility of the etf. Please check ProShares Ultra's Risk Adjusted Performance of 0.0035, coefficient of variation of (18,131), and Variance of 4.25 to confirm if the risk estimate we provide is consistent with the expected return of 0.025%.
ProShares Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 42.59 | 200 Day MA 22.1512 | 1 y Volatility 45.74 | 50 Day MA 23.6032 | Inception Date 2007-01-23 |
ProShares |
Sharpe Ratio = 0.0118
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | SAA |
Estimated Market Risk
| 2.13 actual daily | 18 82% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average ProShares Ultra is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of ProShares Ultra by adding ProShares Ultra to a well-diversified portfolio.
Average Mkt Cap Mil 2.6 K |
ProShares Ultra Valuation on February 16, 2024
It is possible to determine the worth of ProShares Ultra on a given historical date. On February 16, 2024 ProShares was worth 24.23 at the beginning of the trading date compared to the closed value of 23.97. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of ProShares Ultra etf. Still, in general, we apply an absolute valuation method to find ProShares Ultra's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of ProShares Ultra where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against ProShares Ultra's related companies.
| Open | High | Low | Close | Volume | |
| 24.11 | 24.62 | 23.94 | 24.55 | 11,389 | |
02/16/2024 | 24.23 | 24.39 | 23.91 | 23.97 | 19,286 |
| 23.49 | 23.65 | 23.42 | 23.47 | 4,834 |
| Backtest ProShares Ultra | | | ProShares Ultra History | | | ProShares Ultra Valuation | Previous | Next |
ProShares Ultra Trading Date Momentum on February 16, 2024
| On February 20 2024 ProShares Ultra SmallCap600 was traded for 23.47 at the closing time. Highest ProShares Ultra's price during the trading hours was 23.65 and the lowest price during the day was 23.42 . The net volume was 4.8 K. The overall trading history on the 20th of February contributed to the next trading period price depreciation. The trading price change to the next next day price was 2.09% . The trading delta at closing time to current price is 2.38% . |
ProShares Ultra Smal Fundamentals Correlations and Trends
By evaluating ProShares Ultra's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among ProShares Ultra's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. ProShares financial account trend analysis is a perfect complement when working with valuation or volatility modules.About ProShares Ultra Etf history
ProShares Ultra investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for ProShares is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in ProShares Ultra Smal will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing ProShares Ultra stock prices may prove useful in developing a viable investing in ProShares Ultra
The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the funds investment objective. Ultra Smallcap600 is traded on NYSEARCA Exchange in the United States.
ProShares Ultra Etf Technical Analysis
ProShares Ultra 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.
Price Boundaries
ProShares Ultra Period Price Range
Low | February 16, 2024
| High |
24.23 | 23.97 |
ProShares Ultra June 15, 2024 Market Strength
Market strength indicators help investors to evaluate how ProShares Ultra 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 Ultra shares will generate the highest return on investment. By undertsting and applying ProShares Ultra etf market strength indicators, traders can identify ProShares Ultra SmallCap600 entry and exit signals to maximize returns
| Accumulation Distribution | 379.55 | |||
| Daily Balance Of Power | (0.54) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 24.15 | |||
| Day Typical Price | 24.09 | |||
| Price Action Indicator | (0.31) | |||
| Period Momentum Indicator | (0.80) | |||
| Relative Strength Index | 35.49 |
ProShares Ultra Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for ProShares Ultra's price direction in advance. Along with the technical and fundamental analysis of ProShares Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of ProShares to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0035 | |||
| Jensen Alpha | 0.0135 | |||
| Total Risk Alpha | 0.0196 | |||
| Treynor Ratio | (0.01) |
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| Volume Indicators |
Additional Information and Resources on Investing in ProShares Etf
When determining whether ProShares Ultra Smal offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ProShares Ultra'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 Ultra Smallcap600 Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Proshares Ultra Smallcap600 Etf:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ProShares Ultra SmallCap600. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
The market value of ProShares Ultra Smal 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.