Proshares Long Onlineshort Etf Market Value
| CLIX Etf | USD 46.40 0.51 1.09% |
| Symbol | ProShares |
The market value of ProShares Long Onlin 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 Long's value that differs from its market value or its book value, called intrinsic value, which is ProShares Long'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 Long's market value can be influenced by many factors that don't directly affect ProShares Long'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 Long's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares Long is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares Long'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 Long '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 Long'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 Long.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in ProShares Long on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding ProShares Long OnlineShort or generate 0.0% return on investment in ProShares Long over 30 days. ProShares Long is related to or competes with ProShares Online, Amplify Online, ProShares Decline, Global X, and WisdomTree Cloud. The fund invests in financial instruments that ProShare Advisors believes, in combination, should track the performance ... More
ProShares Long 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 Long'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 Long OnlineShort upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.06 | |||
| Information Ratio | 0.0534 | |||
| Maximum Drawdown | 4.62 | |||
| Value At Risk | (1.65) | |||
| Potential Upside | 1.91 |
ProShares Long Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ProShares Long's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ProShares Long's standard deviation. In reality, there are many statistical measures that can use ProShares Long historical prices to predict the future ProShares Long's volatility.| Risk Adjusted Performance | 0.1327 | |||
| Jensen Alpha | 0.1134 | |||
| Total Risk Alpha | 0.0103 | |||
| Sortino Ratio | 0.0543 | |||
| Treynor Ratio | 0.3349 |
ProShares Long Onlin Backtested Returns
At this stage we consider ProShares Etf to be very steady. ProShares Long Onlin maintains Sharpe Ratio (i.e., Efficiency) of 0.15, which implies the entity had a 0.15% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for ProShares Long Onlin, which you can use to evaluate the volatility of the etf. Please check ProShares Long's Semi Deviation of 0.8385, coefficient of variation of 590.35, and Risk Adjusted Performance of 0.1327 to confirm if the risk estimate we provide is consistent with the expected return of 0.16%. The etf holds a Beta of 0.52, which implies possible diversification benefits within a given portfolio. As returns on the market increase, ProShares Long's returns are expected to increase less than the market. However, during the bear market, the loss of holding ProShares Long is expected to be smaller as well.
Auto-correlation | 0.17 |
Very weak predictability
ProShares Long OnlineShort has very weak predictability. Overlapping area represents the amount of predictability between ProShares Long time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Long Onlin price movement. The serial correlation of 0.17 indicates that over 17.0% of current ProShares Long price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
ProShares Long Onlin lagged returns against current returns
Autocorrelation, which is ProShares Long 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 Long's etf expected returns. We can calculate the autocorrelation of ProShares Long returns to help us make a trade decision. For example, suppose you find that ProShares Long 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 Long 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 Long etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ProShares Long etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ProShares Long etf over time.
Current vs Lagged Prices |
| Timeline |
ProShares Long Lagged Returns
When evaluating ProShares Long's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ProShares Long etf have on its future price. ProShares Long 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 Long autocorrelation shows the relationship between ProShares Long etf current value and its past values and can show if there is a momentum factor associated with investing in ProShares Long OnlineShort.
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 Long Onlin offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ProShares Long's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Proshares Long Onlineshort Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Proshares Long Onlineshort Etf:Check out ProShares Long Correlation, ProShares Long Volatility and ProShares Long Alpha and Beta module to complement your research on ProShares Long. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
ProShares Long 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.