Proshares Trust Etf Price on September 3, 2024
| EETH Etf | 71.75 1.04 1.43% |
If you're considering investing in ProShares Etf, it is important to understand the factors that can impact its price. As of today, the current price of ProShares Trust stands at 71.75, as last reported on the 30th of November, with the highest price reaching 73.11 and the lowest price hitting 71.71 during the day. ProShares Trust appears to be very steady, given 3 months investment horizon. ProShares Trust maintains Sharpe Ratio (i.e., Efficiency) of 0.16, which implies the entity had a 0.16% return per unit of risk over the last 3 months. By analyzing ProShares Trust's technical indicators, you can evaluate if the expected return of 0.68% is justified by implied risk. Please evaluate ProShares Trust's Semi Deviation of 2.9, risk adjusted performance of 0.1181, and Coefficient Of Variation of 695.91 to confirm if our risk estimates are consistent with your expectations.
ProShares Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
ProShares |
Sharpe Ratio = 0.1566
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Estimated Market Risk
| 4.36 actual daily | 38 62% of assets are more volatile |
Expected Return
| 0.68 actual daily | 13 87% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average ProShares Trust is performing at about 12% 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 Trust by adding it to a well-diversified portfolio.
Average Mkt Cap Mil No Data |
ProShares Trust Valuation on September 3, 2024
It is possible to determine the worth of ProShares Trust on a given historical date. On September 3, 2024 ProShares was worth 50.7 at the beginning of the trading date compared to the closed value of 49.49. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of ProShares Trust etf. Still, in general, we apply an absolute valuation method to find ProShares Trust'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 Trust where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against ProShares Trust's related companies.
| Open | High | Low | Close | Volume | |
| 51.06 | 51.38 | 49.42 | 50.81 | 80,194 | |
09/03/2024 | 50.70 | 50.70 | 49.28 | 49.49 | 41,674 |
| 48.59 | 50.20 | 48.50 | 49.65 | 39,721 |
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ProShares Trust Trading Date Momentum on September 3, 2024
| On September 04 2024 ProShares Trust was traded for 49.65 at the closing time. The top price for the day was 50.20 and the lowest listed price was 48.50 . The trading volume for the day was 39.7 K. The trading history from September 4, 2024 was a factor to the next trading day price growth. The overall trading delta against the next closing price was 0.32% . The trading delta at closing time against the current closing price is 3.96% . |
About ProShares Trust Etf history
ProShares Trust 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 Trust 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 Trust stock prices may prove useful in developing a viable investing in ProShares Trust
ProShares Trust Etf Technical Analysis
ProShares Trust 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 Trust Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
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ProShares Trust November 30, 2024 Market Strength
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
ProShares Trust Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for ProShares Trust'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 | 0.1181 | |||
| Jensen Alpha | 0.2267 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.1473 | |||
| Treynor Ratio | 0.2041 |
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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ProShares Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in estimate. 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 Global Correlations module to find global opportunities by holding instruments from different markets.
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.