Proshares Hedge Replication Etf Market Value
| HDG Etf | USD 49.94 0.17 0.34% |
| Symbol | ProShares |
The market value of ProShares Hedge Repl 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 Hedge's value that differs from its market value or its book value, called intrinsic value, which is ProShares Hedge'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 Hedge's market value can be influenced by many factors that don't directly affect ProShares Hedge'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 Hedge's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares Hedge is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares Hedge'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 Hedge '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 Hedge'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 Hedge.
| 06/27/2024 |
| 07/27/2024 |
If you would invest 0.00 in ProShares Hedge on June 27, 2024 and sell it all today you would earn a total of 0.00 from holding ProShares Hedge Replication or generate 0.0% return on investment in ProShares Hedge over 30 days. ProShares Hedge is related to or competes with ProShares Merger, IQ Merger, ProShares Inflation, Morningstar Unconstrained, Thrivent High, High-yield Municipal, and Via Renewables. The fund invests in financial instruments that ProShare Advisors believes, in combination, should track the performance ... More
ProShares Hedge 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 Hedge'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 Hedge Replication upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2565 | |||
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 1.21 | |||
| Value At Risk | (0.37) | |||
| Potential Upside | 0.4918 |
ProShares Hedge Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ProShares Hedge's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ProShares Hedge's standard deviation. In reality, there are many statistical measures that can use ProShares Hedge historical prices to predict the future ProShares Hedge's volatility.| Risk Adjusted Performance | 0.0996 | |||
| Jensen Alpha | 0.02 | |||
| Total Risk Alpha | 0.0071 | |||
| Sortino Ratio | (0.14) | |||
| Treynor Ratio | 0.1592 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ProShares Hedge'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.
ProShares Hedge Repl Backtested Returns
At this point, ProShares Hedge is very steady. ProShares Hedge Repl maintains Sharpe Ratio (i.e., Efficiency) of 0.16, which implies the entity had a 0.16% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for ProShares Hedge Repl, which you can use to evaluate the volatility of the etf. Please check ProShares Hedge's Coefficient Of Variation of 596.31, semi deviation of 0.0742, and Risk Adjusted Performance of 0.0996 to confirm if the risk estimate we provide is consistent with the expected return of 0.0453%. The etf holds a Beta of 0.23, which implies not very significant fluctuations relative to the market. As returns on the market increase, ProShares Hedge's returns are expected to increase less than the market. However, during the bear market, the loss of holding ProShares Hedge is expected to be smaller as well.
Auto-correlation | 0.28 |
Poor predictability
ProShares Hedge Replication has poor predictability. Overlapping area represents the amount of predictability between ProShares Hedge time series from 27th of June 2024 to 12th of July 2024 and 12th of July 2024 to 27th of July 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 Hedge Repl price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current ProShares Hedge price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
ProShares Hedge Repl lagged returns against current returns
Autocorrelation, which is ProShares Hedge 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 Hedge's etf expected returns. We can calculate the autocorrelation of ProShares Hedge returns to help us make a trade decision. For example, suppose you find that ProShares Hedge 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 |
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ProShares Hedge 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 Hedge etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ProShares Hedge etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ProShares Hedge etf over time.
Current vs Lagged Prices |
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ProShares Hedge Lagged Returns
When evaluating ProShares Hedge's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ProShares Hedge etf have on its future price. ProShares Hedge 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 Hedge autocorrelation shows the relationship between ProShares Hedge etf current value and its past values and can show if there is a momentum factor associated with investing in ProShares Hedge Replication.
Regressed Prices |
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Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in ProShares Etf
When determining whether ProShares Hedge Repl is a strong investment it is important to analyze ProShares Hedge'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 Hedge's future performance. For an informed investment choice regarding ProShares Etf, refer to the following important reports:Check out ProShares Hedge Correlation, ProShares Hedge Volatility and ProShares Hedge Alpha and Beta module to complement your research on ProShares Hedge. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
ProShares Hedge 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.