Proshares Ultra Qqq Etf Market Outlook
| QLD Etf | USD 69.77 0.06 0.09% |
About 61% of ProShares Ultra's investor base is looking to short. The current sentiment regarding investing in ProShares Ultra QQQ etf implies that many traders are alarmed. The current market sentiment, together with ProShares Ultra's historical and current headlines, can help investors time the market. In addition, many technical investors use ProShares Ultra QQQ etf news signals to limit their universe of possible portfolio assets.
Comfort Level 39
Alarmed
Panic | Confidence |
Today, several news technology companies offer sentiment data to assist traders in manufacturing news sentiment indicators for investment decisions. We partner with these technology firms in helping retail investors build forecasting models that use ProShares Ultra's input sentiment indicators derived from textual data and news published on major financial information outlets and social sites. These indicators can be used to analyze time-dependent numerical information representing public perception toward ProShares Ultra QQQ.
News SentimentNeutral | Hype SentimentBearish | Insider SentimentWaiting |
Considering the 90-day investment horizon and your above-average risk tolerance, our recommendation regarding ProShares Ultra QQQ is 'Hold'. Macroaxis provides ProShares Ultra buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding QLD positions.
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Execute ProShares Ultra Advice
The ProShares recommendation should be used to complement the investment advice compiled from the current analysts' consensus on ProShares Ultra QQQ. Macroaxis does not own or have any residual interests in ProShares Ultra QQQ or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute ProShares Ultra's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Hold
Market Performance | Weakest | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Actively responds to the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Not Available | Details | |
Financial Leverage | Not Rated | Details |
For the selected time horizon ProShares Ultra QQQ has a Risk Adjusted Performance of (0.01), Jensen Alpha of (0.19), Total Risk Alpha of (0.27) and Treynor Ratio of (0.02)Macroaxis provides unbiased recommendation on ProShares Ultra QQQ that should be used to complement current analysts and expert consensus on ProShares Ultra QQQ. Our trade recommendations engine determines the entity's potential to grow exclusively from the perspective of an investors' current risk tolerance and investing horizon. Use ProShares Ultra QQQ price to book, total asset, as well as the relationship between the Total Asset and ten year return to ensure your buy or sell decision on ProShares Ultra QQQ is adequate.
ProShares Ultra Trading Alerts and Improvement Suggestions
| ProShares Ultra QQQ generated a negative expected return over the last 90 days | |
| Latest headline from fool.com: A Leveraged Bet on the Broad Market or Big Tech SPXL vs. QLD | |
| The fund maintains 92.01% of its assets in stocks |
ProShares Ultra current analysts advice
We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. ProShares analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. ProShares analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
The consensus estimates and target price estimation comprises individual analyst assessments, and may or may not mutch the Macroaxis buy or sell advice. It is determined by taking an average of all analyst recommendations and classifying them as Strong Buy, Buy, Hold, or Sell.
ProShares Ultra Returns Distribution Density
The distribution of ProShares Ultra's historical returns is an attempt to chart the uncertainty of ProShares Ultra's future price movements. The chart of the probability distribution of ProShares Ultra daily returns describes the distribution of returns around its average expected value. We use ProShares Ultra QQQ price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of ProShares Ultra returns is essential to provide solid investment analysis for ProShares Ultra.
| Mean Return | -0.03 | Value At Risk | -3.88 | Potential Upside | 2.91 | Standard Deviation | 2.09 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of ProShares Ultra historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
ProShares Ultra Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to ProShares Ultra or ProShares sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that ProShares Ultra's price will be affected by overall etf market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a ProShares etf's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | -0.19 | |
β | Beta against Dow Jones | 1.65 | |
σ | Overall volatility | 2.05 | |
Ir | Information ratio | -0.06 |
ProShares Ultra Volatility Alert
ProShares Ultra QQQ exhibits very low volatility with skewness of -0.22 and kurtosis of 0.18. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure ProShares Ultra's etf risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact ProShares Ultra's etf price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.ProShares Ultra Fundamentals Vs Peers
Comparing ProShares Ultra's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze ProShares Ultra's direct or indirect competition across all of the common fundamentals between ProShares Ultra and the related equities. This way, we can detect undervalued stocks with similar characteristics as ProShares Ultra or determine the etfs which would be an excellent addition to an existing portfolio. Peer analysis of ProShares Ultra's fundamental indicators could also be used in its relative valuation, which is a method of valuing ProShares Ultra by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare ProShares Ultra to competition |
| Fundamentals | ProShares Ultra | Peer Average |
| Price To Earning | 20.67 X | 3.15 X |
| Price To Book | 4.56 X | 0.39 X |
| Price To Sales | 2.92 X | 0.33 X |
| Beta | 2.28 | |
| One Year Return | 19.80 % | (0.97) % |
| Three Year Return | 45.40 % | 3.23 % |
| Five Year Return | 16.70 % | 1.12 % |
| Ten Year Return | 34.00 % | 1.20 % |
| Net Asset | 2.54 B | 2.29 B |
| Last Dividend Paid | 0.04 | 0.14 |
| Equity Positions Weight | 92.01 % | 52.82 % |
ProShares Ultra Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as ProShares . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 69.77 | |||
| Day Typical Price | 69.77 | |||
| Price Action Indicator | (0.03) | |||
| Period Momentum Indicator | (0.06) |
About ProShares Ultra Buy or Sell Advice
When is the right time to buy or sell ProShares Ultra QQQ? Buying financial instruments such as ProShares Etf isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
Use Investing Ideas to Build Portfolios
In addition to having ProShares Ultra in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Gold and Gold Mining Thematic Idea Now
Gold and Gold Mining
Large and mid-size companies, ETFs and funds that are either investing, exploring or producing, gold or indirectly involved in trading or making gold products. The Gold and Gold Mining theme has 100 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Gold and Gold Mining Theme or any other thematic opportunities.
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Check out ProShares Ultra Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. 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 Ultra QQQ 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 Ultra's value that differs from its market value or its book value, called intrinsic value, which is ProShares Ultra's true underlying value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Because ProShares Ultra's market value can be influenced by many factors that don't directly affect ProShares Ultra's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
It's important to distinguish between ProShares Ultra's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding ProShares Ultra should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Meanwhile, ProShares Ultra's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.