Proshares Long Onlineshort Etf Price on December 5, 2024
| CLIX Etf | USD 47.21 1.04 2.16% |
Below is the normalized historical share price chart for ProShares Long OnlineShort extending back to November 16, 2017. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of ProShares Long stands at 47.21, as last reported on the 11th of December 2024, with the highest price reaching 47.54 and the lowest price hitting 47.21 during the day.
If you're considering investing in ProShares Etf, it is important to understand the factors that can impact its price. At this stage we consider ProShares Etf to be very steady. ProShares Long Onlin maintains Sharpe Ratio (i.e., Efficiency) of 0.17, which implies the entity had a 0.17% return per unit of risk over the last 3 months. We have found thirty technical indicators for ProShares Long Onlin, which you can use to evaluate the volatility of the etf. Please check ProShares Long's Semi Deviation of 0.8635, risk adjusted performance of 0.1381, and Coefficient Of Variation of 536.14 to confirm if the risk estimate we provide is consistent with the expected return of 0.19%.
ProShares Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 28.04 | 200 Day MA 43.3231 | 1 y Volatility 18.5 | 50 Day MA 46.8447 | Inception Date 2017-11-14 |
ProShares |
Sharpe Ratio = 0.1691
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 1.1 actual daily | 9 91% of assets are more volatile |
Expected Return
| 0.19 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average ProShares Long is performing at about 13% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of ProShares Long by adding it to a well-diversified portfolio.
Average Mkt Cap Mil 45.6 K |
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ProShares Long Valuation on December 5, 2024
It is possible to determine the worth of ProShares Long on a given historical date. On December 5, 2024 ProShares was worth 46.99 at the beginning of the trading date compared to the closed value of 47.17. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of ProShares Long etf. Still, in general, we apply an absolute valuation method to find ProShares Long's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of ProShares Long where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against ProShares Long's related companies.
| Open | High | Low | Close | Volume | |
| 46.79 | 47.25 | 46.71 | 47.25 | 1,000.00 | |
12/05/2024 | 46.99 | 47.39 | 46.99 | 47.17 | 719.00 |
| 47.29 | 47.48 | 47.13 | 47.48 | 1,859 |
| Backtest ProShares Long | | | ProShares Long History | | | ProShares Long Valuation | Previous | Next |
ProShares Long Trading Date Momentum on December 5, 2024
| On December 06 2024 ProShares Long OnlineShort was traded for 47.48 at the closing time. The top price for the day was 47.48 and the lowest listed price was 47.13 . The trading volume for the day was 1.9 K. The trading history from December 6, 2024 was a factor to the next trading day price jump. The overall trading delta against the next closing price was 0.66% . The trading delta at closing time against the current closing price is 0.78% . |
ProShares Long Onlin Fundamentals Correlations and Trends
By evaluating ProShares Long's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among ProShares Long's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. ProShares financial account trend analysis is a perfect complement when working with valuation or volatility modules.About ProShares Long Etf history
ProShares Long investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for ProShares is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in ProShares Long Onlin will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing ProShares Long stock prices may prove useful in developing a viable investing in ProShares Long
The fund invests in financial instruments that ProShare Advisors believes, in combination, should track the performance of the index. Long OnlineShort is traded on NYSEARCA Exchange in the United States.
ProShares Long Etf Technical Analysis
ProShares Long technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
Price Boundaries
ProShares Long Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
ProShares Long OnlineShort cannot be verified against its exchange. Please verify the symbol is currently traded on NYSE ARCA Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
ProShares Long December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how ProShares Long 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 Long shares will generate the highest return on investment. By undertsting and applying ProShares Long etf market strength indicators, traders can identify ProShares Long OnlineShort entry and exit signals to maximize returns
ProShares Long Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for ProShares Long's price direction in advance. Along with the technical and fundamental analysis of ProShares Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of ProShares to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1381 | |||
| Jensen Alpha | 0.2138 | |||
| Total Risk Alpha | 0.0205 | |||
| Sortino Ratio | 0.0699 | |||
| Treynor Ratio | (1.07) |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ProShares Long OnlineShort. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
The market value of ProShares Long Onlin 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 Long's value that differs from its market value or its book value, called intrinsic value, which is ProShares Long'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 Long's market value can be influenced by many factors that don't directly affect ProShares Long'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 Long's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares Long is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares Long'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.