Proshares Msci Transformational Etf Market Value
| ANEW Etf | USD 45.98 0.44 0.97% |
| Symbol | ProShares |
The market value of ProShares MSCI Trans 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 MSCI's value that differs from its market value or its book value, called intrinsic value, which is ProShares MSCI'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 MSCI's market value can be influenced by many factors that don't directly affect ProShares MSCI'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 MSCI's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares MSCI is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares MSCI'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.
ProShares MSCI 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to ProShares MSCI's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of ProShares MSCI.
| 12/02/2022 |
| 11/21/2024 |
If you would invest 0.00 in ProShares MSCI on December 2, 2022 and sell it all today you would earn a total of 0.00 from holding ProShares MSCI Transformational or generate 0.0% return on investment in ProShares MSCI over 720 days. ProShares MSCI is related to or competes with Vanguard Russell, Vanguard Russell, Vanguard Mega, Vanguard Russell, and Vanguard. The index selects companies which may benefit from transformational changes in how people work, take care of their healt... More
ProShares MSCI Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure ProShares MSCI's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess ProShares MSCI Transformational upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8785 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 3.61 | |||
| Value At Risk | (1.32) | |||
| Potential Upside | 1.13 |
ProShares MSCI Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ProShares MSCI's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ProShares MSCI's standard deviation. In reality, there are many statistical measures that can use ProShares MSCI historical prices to predict the future ProShares MSCI's volatility.| Risk Adjusted Performance | 0.087 | |||
| Jensen Alpha | 0.0183 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1104 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ProShares MSCI's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
ProShares MSCI Trans Backtested Returns
At this stage we consider ProShares Etf to be very steady. ProShares MSCI Trans maintains Sharpe Ratio (i.e., Efficiency) of 0.0919, which implies the entity had a 0.0919% return per unit of risk over the last 3 months. We have found thirty technical indicators for ProShares MSCI Trans, which you can use to evaluate the volatility of the etf. Please check ProShares MSCI's Risk Adjusted Performance of 0.087, semi deviation of 0.7561, and Coefficient Of Variation of 870.72 to confirm if the risk estimate we provide is consistent with the expected return of 0.0706%. The etf holds a Beta of 0.73, which implies possible diversification benefits within a given portfolio. As returns on the market increase, ProShares MSCI's returns are expected to increase less than the market. However, during the bear market, the loss of holding ProShares MSCI is expected to be smaller as well.
Auto-correlation | 0.47 |
Average predictability
ProShares MSCI Transformational has average predictability. Overlapping area represents the amount of predictability between ProShares MSCI time series from 2nd of December 2022 to 27th of November 2023 and 27th of November 2023 to 21st of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of ProShares MSCI Trans price movement. The serial correlation of 0.47 indicates that about 47.0% of current ProShares MSCI price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 6.86 |
ProShares MSCI Trans lagged returns against current returns
Autocorrelation, which is ProShares MSCI etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting ProShares MSCI's etf expected returns. We can calculate the autocorrelation of ProShares MSCI returns to help us make a trade decision. For example, suppose you find that ProShares MSCI has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
ProShares MSCI regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If ProShares MSCI etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ProShares MSCI etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ProShares MSCI etf over time.
Current vs Lagged Prices |
| Timeline |
ProShares MSCI Lagged Returns
When evaluating ProShares MSCI's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ProShares MSCI etf have on its future price. ProShares MSCI autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, ProShares MSCI autocorrelation shows the relationship between ProShares MSCI etf current value and its past values and can show if there is a momentum factor associated with investing in ProShares MSCI Transformational.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether ProShares MSCI Trans is a strong investment it is important to analyze ProShares MSCI's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ProShares MSCI's future performance. For an informed investment choice regarding ProShares Etf, refer to the following important reports:Check out ProShares MSCI Correlation, ProShares MSCI Volatility and ProShares MSCI Alpha and Beta module to complement your research on ProShares MSCI. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
ProShares MSCI 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.