Proshares Merger Etf Market Value
| MRGR Etf | USD 39.97 0.10 0.25% |
| Symbol | ProShares |
The market value of ProShares Merger ETF 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 Merger's value that differs from its market value or its book value, called intrinsic value, which is ProShares Merger'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 Merger's market value can be influenced by many factors that don't directly affect ProShares Merger'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 Merger's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares Merger is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares Merger'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 Merger '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 Merger'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 Merger.
| 03/30/2024 |
| 04/29/2024 |
If you would invest 0.00 in ProShares Merger on March 30, 2024 and sell it all today you would earn a total of 0.00 from holding ProShares Merger ETF or generate 0.0% return on investment in ProShares Merger over 30 days. ProShares Merger is related to or competes with IQ Hedge, AGFiQ Market, Morningstar Unconstrained, Thrivent High, High Yield, Via Renewables, and T Rowe. The fund is designed to track the performance of the index and provide exposure to a global merger arbitrage strategy More
ProShares Merger 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 Merger'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 Merger ETF upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.44) | |||
| Maximum Drawdown | 1.3 | |||
| Value At Risk | (0.37) | |||
| Potential Upside | 0.2754 |
ProShares Merger Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ProShares Merger's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ProShares Merger's standard deviation. In reality, there are many statistical measures that can use ProShares Merger historical prices to predict the future ProShares Merger's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | (0.12) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ProShares Merger'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 Merger ETF Backtested Returns
ProShares Merger ETF maintains Sharpe Ratio (i.e., Efficiency) of -0.0229, which implies the entity had a -0.0229% return per unit of risk over the last 3 months. ProShares Merger ETF exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check ProShares Merger's Variance of 0.0446, risk adjusted performance of (0.03), and Coefficient Of Variation of (5,923) to confirm the risk estimate we provide. The etf holds a Beta of 0.11, which implies not very significant fluctuations relative to the market. As returns on the market increase, ProShares Merger's returns are expected to increase less than the market. However, during the bear market, the loss of holding ProShares Merger is expected to be smaller as well.
Auto-correlation | 0.39 |
Below average predictability
ProShares Merger ETF has below average predictability. Overlapping area represents the amount of predictability between ProShares Merger time series from 30th of March 2024 to 14th of April 2024 and 14th of April 2024 to 29th of April 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 Merger ETF price movement. The serial correlation of 0.39 indicates that just about 39.0% of current ProShares Merger price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
ProShares Merger ETF lagged returns against current returns
Autocorrelation, which is ProShares Merger 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 Merger's etf expected returns. We can calculate the autocorrelation of ProShares Merger returns to help us make a trade decision. For example, suppose you find that ProShares Merger 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 |
| Timeline |
ProShares Merger 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 Merger etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ProShares Merger etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ProShares Merger etf over time.
Current vs Lagged Prices |
| Timeline |
ProShares Merger Lagged Returns
When evaluating ProShares Merger's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ProShares Merger etf have on its future price. ProShares Merger 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 Merger autocorrelation shows the relationship between ProShares Merger etf current value and its past values and can show if there is a momentum factor associated with investing in ProShares Merger ETF.
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 Merger 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 Merger's short interest history, or implied volatility extrapolated from ProShares Merger options trading.
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Try AI Portfolio ArchitectCheck out ProShares Merger Correlation, ProShares Merger Volatility and ProShares Merger Alpha and Beta module to complement your research on ProShares Merger. Note that the ProShares Merger ETF information on this page should be used as a complementary analysis to other ProShares Merger'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 Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
ProShares Merger 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.