Proshares Ultra Qqq Etf Market Value

QLD Etf  USD 102.43  0.03  0.03%   
ProShares Ultra's market value is the price at which a share of ProShares Ultra trades on a public exchange. It measures the collective expectations of ProShares Ultra QQQ investors about its performance. ProShares Ultra is trading at 102.43 as of the 19th of June 2024, a 0.03 percent increase since the beginning of the trading day. The etf's lowest day price was 102.43.
With this module, you can estimate the performance of a buy and hold strategy of ProShares Ultra QQQ and determine expected loss or profit from investing in ProShares Ultra over a given investment horizon. Check out ProShares Ultra Correlation, ProShares Ultra Volatility and ProShares Ultra Alpha and Beta module to complement your research on ProShares Ultra.
Symbol

The market value of ProShares Ultra QQQ 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 Ultra's value that differs from its market value or its book value, called intrinsic value, which is ProShares Ultra'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 Ultra's market value can be influenced by many factors that don't directly affect ProShares Ultra'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 Ultra's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares Ultra is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares Ultra'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 Ultra '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 Ultra'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 Ultra.
0.00
05/20/2024
No Change 0.00  0.0 
In 31 days
06/19/2024
0.00
If you would invest  0.00  in ProShares Ultra on May 20, 2024 and sell it all today you would earn a total of 0.00 from holding ProShares Ultra QQQ or generate 0.0% return on investment in ProShares Ultra over 30 days. ProShares Ultra is related to or competes with Direxion Daily, Direxion Daily, and Direxion Daily. The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns ... More

ProShares Ultra 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 Ultra'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 Ultra QQQ upside and downside potential and time the market with a certain degree of confidence.

ProShares Ultra Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for ProShares Ultra's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ProShares Ultra's standard deviation. In reality, there are many statistical measures that can use ProShares Ultra historical prices to predict the future ProShares Ultra's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ProShares Ultra'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.
Hype
Prediction
LowEstimatedHigh
100.75102.57104.39
Details
Intrinsic
Valuation
LowRealHigh
92.19107.75109.57
Details
Naive
Forecast
LowNextHigh
106.07107.89109.71
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
78.2790.01101.76
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as ProShares Ultra. Your research has to be compared to or analyzed against ProShares Ultra's peers to derive any actionable benefits. When done correctly, ProShares Ultra's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in ProShares Ultra QQQ.

ProShares Ultra QQQ Backtested Returns

ProShares Ultra appears to be very steady, given 3 months investment horizon. ProShares Ultra QQQ maintains Sharpe Ratio (i.e., Efficiency) of 0.14, which implies the entity had a 0.14% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for ProShares Ultra QQQ, which you can use to evaluate the volatility of the etf. Please evaluate ProShares Ultra's Risk Adjusted Performance of 0.1185, semi deviation of 1.65, and Coefficient Of Variation of 556.9 to confirm if our risk estimates are consistent with your expectations. The etf holds a Beta of 1.68, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, ProShares Ultra will likely underperform.

Auto-correlation

    
  -0.51  

Good reverse predictability

ProShares Ultra QQQ has good reverse predictability. Overlapping area represents the amount of predictability between ProShares Ultra time series from 20th of May 2024 to 4th of June 2024 and 4th of June 2024 to 19th of June 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 Ultra QQQ price movement. The serial correlation of -0.51 indicates that about 51.0% of current ProShares Ultra price fluctuation can be explain by its past prices.
Correlation Coefficient-0.51
Spearman Rank Test-0.34
Residual Average0.0
Price Variance14.67

ProShares Ultra QQQ lagged returns against current returns

Autocorrelation, which is ProShares Ultra 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 Ultra's etf expected returns. We can calculate the autocorrelation of ProShares Ultra returns to help us make a trade decision. For example, suppose you find that ProShares Ultra 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 Ultra 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 Ultra etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ProShares Ultra etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ProShares Ultra etf over time.
   Current vs Lagged Prices   
       Timeline  

ProShares Ultra Lagged Returns

When evaluating ProShares Ultra's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ProShares Ultra etf have on its future price. ProShares Ultra 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 Ultra autocorrelation shows the relationship between ProShares Ultra etf current value and its past values and can show if there is a momentum factor associated with investing in ProShares Ultra QQQ.
   Regressed Prices   
       Timeline  

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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Additional Information and Resources on Investing in ProShares Etf

When determining whether ProShares Ultra QQQ is a strong investment it is important to analyze ProShares Ultra'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 Ultra's future performance. For an informed investment choice regarding ProShares Etf, refer to the following important reports:
Check out ProShares Ultra Correlation, ProShares Ultra Volatility and ProShares Ultra Alpha and Beta module to complement your research on ProShares Ultra.
You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
ProShares Ultra 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.
A focus of ProShares Ultra technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of ProShares Ultra trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...