ProShares UltraShort Etf Forecast - Simple Exponential Smoothing

BIS Etf  USD 16.37  0.06  0.37%   
The Simple Exponential Smoothing forecasted value of ProShares UltraShort Nasdaq on the next trading day is expected to be 16.37 with a mean absolute deviation of 0.26 and the sum of the absolute errors of 15.59. ProShares Etf Forecast is based on your current time horizon.
  
ProShares UltraShort simple exponential smoothing forecast is a very popular model used to produce a smoothed price series. Whereas in simple Moving Average models the past observations for ProShares UltraShort Nasdaq are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as ProShares UltraShort prices get older.

ProShares UltraShort Simple Exponential Smoothing Price Forecast For the 12th of December 2024

Given 90 days horizon, the Simple Exponential Smoothing forecasted value of ProShares UltraShort Nasdaq on the next trading day is expected to be 16.37 with a mean absolute deviation of 0.26, mean absolute percentage error of 0.13, and the sum of the absolute errors of 15.59.
Please note that although there have been many attempts to predict ProShares Etf prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that ProShares UltraShort's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

ProShares UltraShort Etf Forecast Pattern

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ProShares UltraShort Forecasted Value

In the context of forecasting ProShares UltraShort's Etf value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. ProShares UltraShort's downside and upside margins for the forecasting period are 14.12 and 18.62, respectively. We have considered ProShares UltraShort's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Market Value
16.37
16.37
Expected Value
18.62
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Simple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of ProShares UltraShort etf data series using in forecasting. Note that when a statistical model is used to represent ProShares UltraShort etf, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.
AICAkaike Information Criteria114.2029
BiasArithmetic mean of the errors -0.0335
MADMean absolute deviation0.2598
MAPEMean absolute percentage error0.0165
SAESum of the absolute errors15.59
This simple exponential smoothing model begins by setting ProShares UltraShort Nasdaq forecast for the second period equal to the observation of the first period. In other words, recent ProShares UltraShort observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for ProShares UltraShort

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ProShares UltraShort. Regardless of method or technology, however, to accurately forecast the etf market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the etf market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Hype
Prediction
LowEstimatedHigh
14.0916.3418.59
Details
Intrinsic
Valuation
LowRealHigh
12.6814.9317.18
Details
Bollinger
Band Projection (param)
LowMiddleHigh
13.9615.5917.22
Details

Other Forecasting Options for ProShares UltraShort

For every potential investor in ProShares, whether a beginner or expert, ProShares UltraShort's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. ProShares Etf price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in ProShares. Basic forecasting techniques help filter out the noise by identifying ProShares UltraShort's price trends.

ProShares UltraShort Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with ProShares UltraShort etf to make a market-neutral strategy. Peer analysis of ProShares UltraShort could also be used in its relative valuation, which is a method of valuing ProShares UltraShort by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

ProShares UltraShort Technical and Predictive Analytics

The etf market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of ProShares UltraShort's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of ProShares UltraShort's current price.

ProShares UltraShort Market Strength Events

Market strength indicators help investors to evaluate how ProShares UltraShort etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ProShares UltraShort shares will generate the highest return on investment. By undertsting and applying ProShares UltraShort etf market strength indicators, traders can identify ProShares UltraShort Nasdaq entry and exit signals to maximize returns.

ProShares UltraShort Risk Indicators

The analysis of ProShares UltraShort's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in ProShares UltraShort's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting proshares etf prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Thematic Opportunities

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Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
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When determining whether ProShares UltraShort is a strong investment it is important to analyze ProShares UltraShort'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 UltraShort's future performance. For an informed investment choice regarding ProShares Etf, refer to the following important reports:
Check out Historical Fundamental Analysis of ProShares UltraShort to cross-verify your projections.
You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
The market value of ProShares UltraShort 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 UltraShort's value that differs from its market value or its book value, called intrinsic value, which is ProShares UltraShort'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 UltraShort's market value can be influenced by many factors that don't directly affect ProShares UltraShort'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 UltraShort's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares UltraShort is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares UltraShort'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.