Proshares Trust Etf Probability of Future Etf Price Finishing Under 14.84
| BITI Etf | USD 22.94 0.19 0.82% |
ProShares |
ProShares Trust Target Price Odds to finish below 14.84
The tendency of ProShares Etf price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to $ 14.84 or more in 90 days |
| 22.94 | 90 days | 14.84 | near 1 |
Based on a normal probability distribution, the odds of ProShares Trust to drop to $ 14.84 or more in 90 days from now is near 1 (This ProShares Trust probability density function shows the probability of ProShares Etf to fall within a particular range of prices over 90 days) . Probability of ProShares Trust price to stay between $ 14.84 and its current price of $22.94 at the end of the 90-day period is about 1.07 .
Given the investment horizon of 90 days ProShares Trust has a beta of -2.38 suggesting as returns on its benchmark rise, returns on holding ProShares Trust are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, ProShares Trust is expected to outperform its benchmark. Additionally ProShares Trust has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. ProShares Trust Price Density |
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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.
ProShares Trust Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. ProShares Trust is not an exception. The market had few large corrections towards the ProShares Trust's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold ProShares Trust , one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of ProShares Trust within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.49 | |
β | Beta against Dow Jones | -2.38 | |
σ | Overall volatility | 5.35 | |
Ir | Information ratio | -0.27 |
ProShares Trust Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of ProShares Trust for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for ProShares Trust can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| ProShares Trust generated a negative expected return over the last 90 days | |
| ProShares Trust has high historical volatility and very poor performance | |
| The company reported the previous year's revenue of 3.74 M. Net Loss for the year was (28.32 M) with profit before overhead, payroll, taxes, and interest of 3.74 M. | |
| ProShares Trust currently holds about 46.76 M in cash with (30.26 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 6.23. | |
| Latest headline from MacroaxisInsider: Disposition of 4250 shares by Stack David M of ProShares Trust at 5.2921 subject to Rule 16b-3 |
ProShares Trust Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of ProShares Etf often depends not only on the future outlook of the current and potential ProShares Trust's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. ProShares Trust's indicators that are reflective of the short sentiment are summarized in the table below.
ProShares Trust Technical Analysis
ProShares Trust's future price can be derived by breaking down and analyzing its technical indicators over time. ProShares Etf technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of ProShares Trust . In general, you should focus on analyzing ProShares Etf price patterns and their correlations with different microeconomic environments and drivers.
ProShares Trust Predictive Forecast Models
ProShares Trust's time-series forecasting models is one of many ProShares Trust's etf analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary ProShares Trust's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the etf market movement and maximize returns from investment trading.
Things to note about ProShares Trust
Checking the ongoing alerts about ProShares Trust for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for ProShares Trust help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| ProShares Trust generated a negative expected return over the last 90 days | |
| ProShares Trust has high historical volatility and very poor performance | |
| The company reported the previous year's revenue of 3.74 M. Net Loss for the year was (28.32 M) with profit before overhead, payroll, taxes, and interest of 3.74 M. | |
| ProShares Trust currently holds about 46.76 M in cash with (30.26 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 6.23. | |
| Latest headline from MacroaxisInsider: Disposition of 4250 shares by Stack David M of ProShares Trust at 5.2921 subject to Rule 16b-3 |
Check out ProShares Trust Backtesting, Portfolio Optimization, ProShares Trust Correlation, ProShares Trust Hype Analysis, ProShares Trust Volatility, ProShares Trust History as well as ProShares Trust Performance. 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 Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
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.