Proshares Merger Etf Probability of Future Etf Price Finishing Under 42.02
| MRGR Etf | USD 41.97 0.05 0.12% |
ProShares |
ProShares Merger Target Price Odds to finish below 42.02
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 stay under $ 42.02 after 90 days |
| 41.97 | 90 days | 42.02 | about 67.45 |
Based on a normal probability distribution, the odds of ProShares Merger to stay under $ 42.02 after 90 days from now is about 67.45 (This ProShares Merger ETF probability density function shows the probability of ProShares Etf to fall within a particular range of prices over 90 days) . Probability of ProShares Merger ETF price to stay between its current price of $ 41.97 and $ 42.02 at the end of the 90-day period is about 8.4 .
Given the investment horizon of 90 days ProShares Merger has a beta of 0.0381. This indicates as returns on the market go up, ProShares Merger average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding ProShares Merger ETF will be expected to be much smaller as well. Additionally ProShares Merger ETF has an alpha of 0.0061, implying that it can generate a 0.006099 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). ProShares Merger Price Density |
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Predictive Modules for ProShares Merger
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 Merger ETF. 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.ProShares Merger Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. ProShares Merger is not an exception. The market had few large corrections towards the ProShares Merger'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 Merger ETF, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of ProShares Merger within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.01 | |
β | Beta against Dow Jones | 0.04 | |
σ | Overall volatility | 0.22 | |
Ir | Information ratio | -0.53 |
ProShares Merger 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 Merger'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 Merger's indicators that are reflective of the short sentiment are summarized in the table below.
ProShares Merger Technical Analysis
ProShares Merger'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 Merger ETF. In general, you should focus on analyzing ProShares Etf price patterns and their correlations with different microeconomic environments and drivers.
ProShares Merger Predictive Forecast Models
ProShares Merger's time-series forecasting models is one of many ProShares Merger'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 Merger'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.
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 Merger 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 Merger's short interest history, or implied volatility extrapolated from ProShares Merger options trading.
Check out ProShares Merger Backtesting, Portfolio Optimization, ProShares Merger Correlation, ProShares Merger Hype Analysis, ProShares Merger Volatility, ProShares Merger History as well as ProShares Merger Performance. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
The market value of ProShares Merger ETF 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 Merger's value that differs from its market value or its book value, called intrinsic value, which is ProShares Merger'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 Merger's market value can be influenced by many factors that don't directly affect ProShares Merger'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 Merger's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares Merger is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares Merger'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.