Is ProShares outlook positive for July 2020?
 | By Raphi Shpitalnik | Macroaxis Story |
In this story I am going to address all ProShares UltraShort shareholders. We will look into why despite regular market tumult, the longer-term fundamental drivers of the fund are still sound. ProShares UltraShort almost neglects market trends. The returns on investing in ProShares UltraShort and the market returns of the last few months appear uncorrelated. Sound fundamental drivers of the fund may indicate signs of shorter-term price drift for shareholders. ProShares UltraShort current chance of financial distress is under 1%. Will ProShares UltraShort executives continue to add value?
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Reviewed by Gabriel Shpitalnik
The firm has a beta of -0.2358. Let's try to break down what ProShares's beta means in this case. The returns on MARKET and ProShares UltraShort are completely uncorrelated. The beta indicator helps investors understand whether ProShares UltraShort moves in the same direction as the rest of the market, and how volatile (i.e., risky) it is compared to the market (i.e., selected benchmark). In other words, if ProShares deviates very little from the market, it does not add much risk to the portfolio, but it also doesn't increase the expected returns.
Using predictive technical analysis, we can analyze different prices and returns patterns and diagnose historical swings to determine the real value of ProShares UltraShort Bloomberg. In general, sophisticated investors focus on analyzing ProShares UltraShort stock price patterns and their correlations with different microeconomic environment and drivers. They apply predictive analytics to build ProShares UltraShort's daily price indicators and compare them against related drivers such as momentum indicators and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of ProShares UltraShort's intrinsic value. In addition to deriving basic predictive indicators for ProShares UltraShort, many experienced traders also check how macroeconomic factors affect ProShares UltraShort price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
An Additional Perspective On ProShares UltraShort
The latest price spikes of ProShares UltraShort may raise some interest from investors. The etf closed today at a share price of 72.02 on 50,092 in trading volume. The fund executives may have good odds in positioning the etf resources to exploit market volatility in July. The etf standard deviation of daily returns for 30 days investing horizon is currently 6.4. The very high volatility is mostly attributed to the latest market swings and not very good earnings reports from some of the ProShares UltraShort constituents. ProShares UltraShort defends 19.19 m net asset. null
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