Proshares Nasdaq 100 Dorsey Etf Price on October 29, 2024
| QQQA Etf | USD 46.91 0.41 0.88% |
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 Nasdaq stands at 46.91, as last reported on the 29th of November, with the highest price reaching 46.91 and the lowest price hitting 46.72 during the day. ProShares Nasdaq appears to be very steady, given 3 months investment horizon. ProShares Nasdaq 100 maintains Sharpe Ratio (i.e., Efficiency) of 0.21, which implies the entity had a 0.21% return per unit of risk over the last 3 months. We have found thirty technical indicators for ProShares Nasdaq 100, which you can use to evaluate the volatility of the etf. Please evaluate ProShares Nasdaq's Semi Deviation of 1.45, risk adjusted performance of 0.0985, and Coefficient Of Variation of 813.92 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 = 0.2106
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Estimated Market Risk
| 1.22 actual daily | 10 90% of assets are more volatile |
Expected Return
| 0.26 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.21 actual daily | 16 84% of assets perform better |
Based on monthly moving average ProShares Nasdaq is performing at about 16% 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 Nasdaq by adding it to a well-diversified portfolio.
Average Mkt Cap Mil 229.1 K |
ProShares Nasdaq Valuation on October 29, 2024
It is possible to determine the worth of ProShares Nasdaq on a given historical date. On October 29, 2024 ProShares was worth 44.94 at the beginning of the trading date compared to the closed value of 44.94. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of ProShares Nasdaq etf. Still, in general, we apply an absolute valuation method to find ProShares Nasdaq'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 Nasdaq where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against ProShares Nasdaq's related companies.
| Open | High | Low | Close | Volume | |
| 44.72 | 44.80 | 44.56 | 44.56 | 1,689 | |
10/29/2024 | 44.94 | 45.00 | 44.90 | 44.94 | 6,309 |
| 44.70 | 44.70 | 44.40 | 44.40 | 9,759 |
| Backtest ProShares Nasdaq | | | ProShares Nasdaq History | | | ProShares Nasdaq Valuation | Previous | Next |
ProShares Nasdaq Trading Date Momentum on October 29, 2024
| On October 30 2024 ProShares Nasdaq 100 Dorsey was traded for 44.40 at the closing time. The top price for the day was 44.70 and the lowest listed price was 44.40 . The trading volume for the day was 9.8 K. The trading history from October 30, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 1.20% . The trading delta at closing time against the current closing price is 2.85% . |
ProShares Nasdaq 100 Fundamentals Correlations and Trends
By evaluating ProShares Nasdaq'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 Nasdaq'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 Nasdaq Etf history
ProShares Nasdaq 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 Nasdaq 100 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 Nasdaq stock prices may prove useful in developing a viable investing in ProShares Nasdaq
The index, which is constructed and maintained by Dorsey, Wright Associates, LLC , consists of 21 securities from the Nasdaq-100 Index with the highest price momentum. Nasdaq 100 is traded on NASDAQ Exchange in the United States.
ProShares Nasdaq Etf Technical Analysis
ProShares Nasdaq 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 Nasdaq Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
ProShares Nasdaq 100 Dorsey cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ 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 Nasdaq November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how ProShares Nasdaq 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 Nasdaq shares will generate the highest return on investment. By undertsting and applying ProShares Nasdaq etf market strength indicators, traders can identify ProShares Nasdaq 100 Dorsey entry and exit signals to maximize returns
ProShares Nasdaq Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for ProShares Nasdaq'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 | 0.0985 | |||
| Jensen Alpha | 0.0171 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0253 | |||
| Treynor Ratio | 0.1295 |
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| Volume Indicators |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in ProShares Nasdaq 100 Dorsey. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in producer price index. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
The market value of ProShares Nasdaq 100 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 Nasdaq's value that differs from its market value or its book value, called intrinsic value, which is ProShares Nasdaq'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 Nasdaq's market value can be influenced by many factors that don't directly affect ProShares Nasdaq'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 Nasdaq's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares Nasdaq is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares Nasdaq'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.