Proshares Vix Short Term Etf Market Value

VIXY Etf  USD 14.70  1.19  8.81%   
ProShares VIX's market value is the price at which a share of ProShares VIX trades on a public exchange. It measures the collective expectations of ProShares VIX Short Term investors about its performance. ProShares VIX is trading at 14.70 as of the 14th of April 2024; that is 8.81 percent up since the beginning of the trading day. The etf's open price was 13.51.
With this module, you can estimate the performance of a buy and hold strategy of ProShares VIX Short Term and determine expected loss or profit from investing in ProShares VIX over a given investment horizon. Check out ProShares VIX Correlation, ProShares VIX Volatility and ProShares VIX Alpha and Beta module to complement your research on ProShares VIX.
Symbol

The market value of ProShares VIX Short 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 VIX's value that differs from its market value or its book value, called intrinsic value, which is ProShares VIX'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 VIX's market value can be influenced by many factors that don't directly affect ProShares VIX'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 VIX's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares VIX is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares VIX'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 VIX '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 VIX'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 VIX.
0.00
05/25/2022
No Change 0.00  0.0 
In 1 year 10 months and 22 days
04/14/2024
0.00
If you would invest  0.00  in ProShares VIX on May 25, 2022 and sell it all today you would earn a total of 0.00 from holding ProShares VIX Short Term or generate 0.0% return on investment in ProShares VIX over 690 days. ProShares VIX is related to or competes with HUMANA, T Rowe, and Bondbloxx ETF. The index seeks to offer exposure to market volatility through publicly traded futures markets and is designed to measur... More

ProShares VIX 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 VIX'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 VIX Short Term upside and downside potential and time the market with a certain degree of confidence.

ProShares VIX Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for ProShares VIX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ProShares VIX's standard deviation. In reality, there are many statistical measures that can use ProShares VIX historical prices to predict the future ProShares VIX'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 VIX'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
11.9814.7017.42
Details
Intrinsic
Valuation
LowRealHigh
10.6513.3716.09
Details
Naive
Forecast
LowNextHigh
12.2714.9917.71
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
12.3713.4814.59
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as ProShares VIX. Your research has to be compared to or analyzed against ProShares VIX's peers to derive any actionable benefits. When done correctly, ProShares VIX'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 VIX Short.

ProShares VIX Short Backtested Returns

ProShares VIX Short maintains Sharpe Ratio (i.e., Efficiency) of -0.0101, which implies the entity had a -0.0101% return per unit of risk over the last 3 months. ProShares VIX Short exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check ProShares VIX's Coefficient Of Variation of 10292.85, risk adjusted performance of 0.0137, and Semi Deviation of 2.19 to confirm the risk estimate we provide. The etf holds a Beta of -2.95, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning ProShares VIX are expected to decrease by larger amounts. On the other hand, during market turmoil, ProShares VIX is expected to outperform it.

Auto-correlation

    
  0.89  

Very good predictability

ProShares VIX Short Term has very good predictability. Overlapping area represents the amount of predictability between ProShares VIX time series from 25th of May 2022 to 5th of May 2023 and 5th of May 2023 to 14th 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 VIX Short price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current ProShares VIX price fluctuation can be explain by its past prices.
Correlation Coefficient0.89
Spearman Rank Test0.89
Residual Average0.0
Price Variance44.14

ProShares VIX Short lagged returns against current returns

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

ProShares VIX Lagged Returns

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

ProShares VIX Implied Volatility

    
  111.83  
ProShares VIX's implied volatility exposes the market's sentiment of ProShares VIX Short Term stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if ProShares VIX's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that ProShares VIX stock will not fluctuate a lot when ProShares VIX's options are near their expiration.
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 VIX 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 VIX's short interest history, or implied volatility extrapolated from ProShares VIX options trading.

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When determining whether ProShares VIX Short offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ProShares VIX's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Proshares Vix Short Term Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Proshares Vix Short Term Etf:
Check out ProShares VIX Correlation, ProShares VIX Volatility and ProShares VIX Alpha and Beta module to complement your research on ProShares VIX.
You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
ProShares VIX 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 VIX technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of ProShares VIX 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...