ProShares Trust Etf Forecast - Simple Regression
| SETH Etf | 15.82 1.60 9.18% |
The Simple Regression forecasted value of ProShares Trust on the next trading day is expected to be 18.11 with a mean absolute deviation of 1.32 and the sum of the absolute errors of 81.55. ProShares Etf Forecast is based on your current time horizon. We recommend always using this module together with an analysis of ProShares Trust's historical fundamentals, such as revenue growth or operating cash flow patterns.
ProShares |
ProShares Trust Simple Regression Price Forecast For the 23rd of November
Given 90 days horizon, the Simple Regression forecasted value of ProShares Trust on the next trading day is expected to be 18.11 with a mean absolute deviation of 1.32, mean absolute percentage error of 2.46, and the sum of the absolute errors of 81.55.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 Trust's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
ProShares Trust Etf Forecast Pattern
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ProShares Trust Forecasted Value
In the context of forecasting ProShares Trust'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 Trust's downside and upside margins for the forecasting period are 13.95 and 22.26, respectively. We have considered ProShares Trust'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.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Simple Regression forecasting method's relative quality and the estimations of the prediction error of ProShares Trust etf data series using in forecasting. Note that when a statistical model is used to represent ProShares Trust 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.| AIC | Akaike Information Criteria | 120.8504 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 1.3153 |
| MAPE | Mean absolute percentage error | 0.0635 |
| SAE | Sum of the absolute errors | 81.5513 |
Predictive Modules for ProShares Trust
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 Trust. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ProShares Trust'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.
Other Forecasting Options for ProShares Trust
For every potential investor in ProShares, whether a beginner or expert, ProShares Trust'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 Trust's price trends.ProShares Trust 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 Trust etf to make a market-neutral strategy. Peer analysis of ProShares Trust could also be used in its relative valuation, which is a method of valuing ProShares Trust by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
ProShares Trust 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 Trust'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 Trust's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
ProShares Trust Market Strength Events
Market strength indicators help investors to evaluate how ProShares Trust 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 Trust shares will generate the highest return on investment. By undertsting and applying ProShares Trust etf market strength indicators, traders can identify ProShares Trust entry and exit signals to maximize returns.
| Accumulation Distribution | 5281.29 | |||
| Daily Balance Of Power | (1.88) | |||
| Rate Of Daily Change | 0.91 | |||
| Day Median Price | 16.06 | |||
| Day Typical Price | 15.98 | |||
| Price Action Indicator | (1.04) | |||
| Period Momentum Indicator | (1.60) | |||
| Relative Strength Index | 37.41 |
ProShares Trust Risk Indicators
The analysis of ProShares Trust'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 Trust'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.
| Mean Deviation | 3.0 | |||
| Standard Deviation | 3.99 | |||
| Variance | 15.91 |
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.
Currently Active Assets on Macroaxis
When determining whether ProShares Trust offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ProShares Trust'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 Trust Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Proshares Trust Etf:Check out Historical Fundamental Analysis of ProShares Trust to cross-verify your projections. For more detail on how to invest in ProShares Etf please use our How to Invest in ProShares Trust guide.You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
The market value of ProShares Trust 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 Trust's value that differs from its market value or its book value, called intrinsic value, which is ProShares Trust'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 Trust's market value can be influenced by many factors that don't directly affect ProShares Trust'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 Trust's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares Trust is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares Trust'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.