Proshares Hedge Replication Etf Market Value
| HDG Etf | USD 48.13 0.11 0.23% |
| 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.
| 11/06/2023 |
| 12/06/2023 |
If you would invest 0.00 in ProShares Hedge on November 6, 2023 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 Home Depot, American Express, Boeing, Caterpillar, Microsoft, Pfizer, and JPMorgan Chase. 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 | 0.2358 | |||
| Information Ratio | 0.0017 | |||
| Maximum Drawdown | 1.35 | |||
| Value At Risk | (0.38) | |||
| Potential Upside | 0.5499 |
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 | 2.0E-4 | |||
| Jensen Alpha | (0.002346) | |||
| Total Risk Alpha | (0.0021) | |||
| Sortino Ratio | 0.0021 | |||
| Treynor Ratio | (0.011715) |
Sophisticated investors, who have witnessed many market ups and downs, frequently view 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. Please use the tools below to analyze the current value of ProShares Hedge in the context of predictive analytics.
ProShares Hedge Repl Backtested Returns
We consider ProShares Hedge very steady. ProShares Hedge Repl maintains Sharpe Ratio (i.e., Efficiency) of 0.05, which implies the entity had 0.05% of return per unit of risk over the last 3 months. Our standpoint towards forecasting the volatility of an etf is to use all available market data together with etf-specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for ProShares Hedge Repl, which you can use to evaluate the future volatility of the etf. Please check ProShares Hedge Repl Risk Adjusted Performance of 2.0E-4, coefficient of variation of 4471.6, and Semi Deviation of 0.2078 to confirm if the risk estimate we provide is consistent with the expected return of 0.0141%. The etf holds a Beta of 0.3077, which implies possible diversification benefits within a given portfolio. As returns on the market increase, ProShares Hedge returns are expected to increase less than the market. However, during the bear market, the loss on holding ProShares Hedge will be expected to be smaller as well. Although it is important to respect ProShares Hedge Repl current trending patterns, it is better to be realistic regarding the information on the equity's existing price patterns. Our main philosophy towards forecasting future performance of any etf is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing ProShares Hedge Repl technical indicators, you can presently evaluate if the expected return of 0.0141% will be sustainable into the future.
Auto-correlation | 0.77 |
Good predictability
ProShares Hedge Replication has good predictability. Overlapping area represents the amount of predictability between ProShares Hedge time series from 6th of November 2023 to 21st of November 2023 and 21st of November 2023 to 6th of December 2023. 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 0.77 indicates that around 77.0% of current ProShares Hedge price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
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 etf has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
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 |
| Timeline |
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 |
| Timeline |
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 Hedge 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 Hedge's short interest history, or implied volatility extrapolated from ProShares Hedge options trading.
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Check out ProShares Hedge Correlation, ProShares Hedge Volatility and ProShares Hedge Alpha and Beta module to complement your research on ProShares Hedge. Note that the ProShares Hedge Repl information on this page should be used as a complementary analysis to other ProShares Hedge'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 Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Complementary Tools for ProShares Etf analysis
When running ProShares Hedge's price analysis, check to measure ProShares Hedge'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 Hedge is operating at the current time. Most of ProShares Hedge's value examination focuses on studying past and present price action to predict the probability of ProShares Hedge'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 Hedge's price. Additionally, you may evaluate how the addition of ProShares Hedge to your portfolios can decrease your overall portfolio volatility.
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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.