ProShares Ultra Simple Regression

UXI -- USA Etf  

USD 86.20  0.22  0.25%

Investors can use this prediction interface to forecast ProShares Ultra historic prices and determine the direction of ProShares Ultra Industrials future trends based on various well-known forecasting models. However looking at historical price movement exclusively is usually misleading. Macroaxis recommends to always use this module together with analysis of ProShares Ultra historical fundamentals such as revenue growth or operating cash flow patterns. Also please take a look at Historical Fundamental Analysis of ProShares Ultra to cross-verify your projections.
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Horizon     30 Days    Login   to change
Simple Regression model is a single variable regression model that attempts to put a straight line through ProShares Ultra price points. This line is defined by its gradient or slope, and the point at which it intercepts the x-axis. Mathematically, assuming the independent variable is X and the dependent variable is Y, then this line can be represented as: Y = intercept + slope * X.
Given 30 days horizon, the value of ProShares Ultra Industrials on the next trading day is expected to be 83.593689

ProShares Ultra Indu Prediction Pattern

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ProShares Ultra Forecasted Value

November 19, 2019
86.20
Market Value
83.59
Expected Value
89.31
Upside

Model Predictive Factors

AICAkaike Information Criteria120.2474
BiasArithmetic mean of the errors None
MADMean absolute deviation2.5042
MAPEMean absolute percentage error0.0321
SAESum of the absolute errors152.7565
In general, regression methods applied to historical equity returns or prices series is an area of active research. In recent decades, new methods have been developed for robust regression of price series such as ProShares Ultra Industrials historical returns. These new methods are regression involving correlated responses such as growth curves and different regression methods accommodating various types of missing data.

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ProShares Ultra Risk Indicators

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