Bitcoin, Ethereum ETFs React As BTC Surges Past 82K After Trumps Win
| EETH Etf | 65.92 1.41 2.09% |
Under 61% of ProShares Trust's investor base is looking to short. The current sentiment regarding investing in ProShares Trust etf implies that many traders are alarmed. ProShares Trust's investing sentiment shows overall attitude of investors towards ProShares Trust.
ProShares |
Bitcoin has reached a new milestone, soaring past 82,000, fueled by optimism over a potentially favorable regulatory environment following Donald Trumps election as U.S. president.
Read at benzinga.com
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ProShares Trust Fundamental Analysis
We analyze ProShares Trust's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ProShares Trust using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ProShares Trust based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Probability Of Bankruptcy
Probability Of Bankruptcy Comparative Analysis
ProShares Trust is rated # 4 ETF in probability of bankruptcy as compared to similar ETFs. Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
ProShares Trust Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with ProShares Trust etf to make a market-neutral strategy. Peer analysis of ProShares Trust could also be used in its relative valuation, which is a method of valuing ProShares Trust by comparing valuation metrics with similar companies.
Peers
ProShares Trust Related Equities
| EZBC | Franklin Bitcoin | 1.05 | ||||
| ETHW | Bitwise Ethereum | 1.83 | ||||
| ETHA | IShares Ethereum | 1.85 | ||||
| ETHV | VanEck Ethereum | 1.99 | ||||
| EETH | ProShares Trust | 2.09 | ||||
| ETHU | Volatility Shares | 4.22 |
Check out ProShares Trust Hype Analysis, ProShares Trust Correlation and ProShares Trust Performance. 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 Fundamental Analysis module to view fundamental data based on most recent published financial statements.
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.