Proshares Large Cap Etf Market Value
| CSM Etf | USD 68.52 0.46 0.68% |
| Symbol | ProShares |
The market value of ProShares Large Cap 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 Large's value that differs from its market value or its book value, called intrinsic value, which is ProShares Large'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 Large's market value can be influenced by many factors that don't directly affect ProShares Large'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 Large's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares Large is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares Large'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 Large '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 Large'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 Large.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in ProShares Large on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding ProShares Large Cap or generate 0.0% return on investment in ProShares Large over 360 days. ProShares Large is related to or competes with Vanguard Total, SPDR SP, IShares Core, Vanguard Dividend, Vanguard Large, Invesco SP, and IShares Russell. The fund invests in financial instruments that ProShare Advisors believes, in combination, should track the performance ... More
ProShares Large 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 Large'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 Large Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8445 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 4.11 | |||
| Value At Risk | (1.36) | |||
| Potential Upside | 1.13 |
ProShares Large Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ProShares Large's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ProShares Large's standard deviation. In reality, there are many statistical measures that can use ProShares Large historical prices to predict the future ProShares Large's volatility.| Risk Adjusted Performance | 0.1249 | |||
| Jensen Alpha | 0.0072 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1356 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ProShares Large'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 Large Cap Backtested Returns
As of now, ProShares Etf is very steady. ProShares Large Cap maintains Sharpe Ratio (i.e., Efficiency) of 0.19, which implies the entity had a 0.19% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for ProShares Large Cap, which you can use to evaluate the volatility of the etf. Please check ProShares Large's Semi Deviation of 0.6776, coefficient of variation of 614.91, and Risk Adjusted Performance of 0.1249 to confirm if the risk estimate we provide is consistent with the expected return of 0.15%. The etf holds a Beta of 0.9, which implies possible diversification benefits within a given portfolio. ProShares Large returns are very sensitive to returns on the market. As the market goes up or down, ProShares Large is expected to follow.
Auto-correlation | 0.64 |
Good predictability
ProShares Large Cap has good predictability. Overlapping area represents the amount of predictability between ProShares Large time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st of December 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 Large Cap price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current ProShares Large price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 5.72 |
ProShares Large Cap lagged returns against current returns
Autocorrelation, which is ProShares Large 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 Large's etf expected returns. We can calculate the autocorrelation of ProShares Large returns to help us make a trade decision. For example, suppose you find that ProShares Large 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 Large 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 Large etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ProShares Large etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ProShares Large etf over time.
Current vs Lagged Prices |
| Timeline |
ProShares Large Lagged Returns
When evaluating ProShares Large's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ProShares Large etf have on its future price. ProShares Large 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 Large autocorrelation shows the relationship between ProShares Large etf current value and its past values and can show if there is a momentum factor associated with investing in ProShares Large Cap.
Regressed Prices |
| Timeline |
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ProShares Large 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.