Proshares Ultrashort Smallcap600 Etf Technical Analysis
| SDD Etf | USD 20.60 0.27 1.33% |
As of the 18th of April 2024, ProShares UltraShort holds the Coefficient Of Variation of 2746.87, semi deviation of 2.19, and Risk Adjusted Performance of 0.0303. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of ProShares UltraShort, as well as the relationship between them. Put it differently, you can use this information to find out if the etf will indeed mirror its model of past market data, or the prices will eventually revert. We were able to break down nineteen technical drivers for ProShares UltraShort, which can be compared to its competitors. Please check ProShares UltraShort treynor ratio, as well as the relationship between the potential upside and expected short fall to decide if ProShares UltraShort is priced some-what accurately, providing market reflects its current price of 20.6 per share.
ProShares UltraShort Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as ProShares, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ProSharesProShares |
ProShares UltraShort 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.
ProShares UltraShort Technical Analysis
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of ProShares UltraShort volatility. High ATR values indicate high volatility, and low values indicate low volatility.
ProShares UltraShort Trend Analysis
Use this graph to draw trend lines for ProShares UltraShort SmallCap600. You can use it to identify possible trend reversals for ProShares UltraShort as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual ProShares UltraShort price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.ProShares UltraShort Best Fit Change Line
The following chart estimates an ordinary least squares regression model for ProShares UltraShort SmallCap600 applied against its price change over selected period. The best fit line has a slop of 0.0054 , which may imply that the returns on investment in ProShares UltraShort SmallCap600 will continue to fail. It has 122 observation points and a regression sum of squares at 1.09, which is the sum of squared deviations for the predicted ProShares UltraShort price change compared to its average price change.About ProShares UltraShort Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of ProShares UltraShort SmallCap600 on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of ProShares UltraShort SmallCap600 based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on ProShares UltraShort price pattern first instead of the macroeconomic environment surrounding ProShares UltraShort. By analyzing ProShares UltraShort's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of ProShares UltraShort's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to ProShares UltraShort specific price patterns or momentum indicators. Please read more on our technical analysis page.
ProShares UltraShort April 18, 2024 Technical Indicators
Most technical analysis of ProShares help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for ProShares from various momentum indicators to cycle indicators. When you analyze ProShares charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0303 | |||
| Market Risk Adjusted Performance | (0.01) | |||
| Mean Deviation | 1.84 | |||
| Semi Deviation | 2.19 | |||
| Downside Deviation | 2.28 | |||
| Coefficient Of Variation | 2746.87 | |||
| Standard Deviation | 2.4 | |||
| Variance | 5.77 | |||
| Information Ratio | 0.0133 | |||
| Jensen Alpha | 0.2207 | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | 0.014 | |||
| Treynor Ratio | (0.02) | |||
| Maximum Drawdown | 12.34 | |||
| Value At Risk | (4.08) | |||
| Potential Upside | 3.78 | |||
| Downside Variance | 5.2 | |||
| Semi Variance | 4.78 | |||
| Expected Short fall | (1.87) | |||
| Skewness | 0.5134 | |||
| Kurtosis | 1.01 |
ProShares UltraShort One Year Return
Based on the recorded statements, ProShares UltraShort SmallCap600 has an One Year Return of -13.5%. This is 20.49% lower than that of the ProShares family and 236.26% lower than that of the Trading--Inverse Equity category. The one year return for all United States etfs is notably higher than that of the company.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ProShares UltraShort SmallCap600. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. Note that the ProShares UltraShort information on this page should be used as a complementary analysis to other ProShares UltraShort's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
The market value of ProShares UltraShort 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 UltraShort's value that differs from its market value or its book value, called intrinsic value, which is ProShares UltraShort'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 UltraShort's market value can be influenced by many factors that don't directly affect ProShares UltraShort'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 UltraShort's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares UltraShort is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares UltraShort'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.