Proshares Trust Etf Market Value
| EETH Etf | 65.92 1.41 2.09% |
| Symbol | ProShares |
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.
ProShares Trust '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 Trust'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 Trust.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in ProShares Trust on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding ProShares Trust or generate 0.0% return on investment in ProShares Trust over 30 days. ProShares Trust is related to or competes with IShares Ethereum, Volatility Shares, VanEck Ethereum, Bitwise Ethereum, and Franklin Bitcoin. More
ProShares Trust 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 Trust'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 Trust upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.2 | |||
| Information Ratio | 0.0611 | |||
| Maximum Drawdown | 18.4 | |||
| Value At Risk | (4.70) | |||
| Potential Upside | 7.77 |
ProShares Trust Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ProShares Trust's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ProShares Trust's standard deviation. In reality, there are many statistical measures that can use ProShares Trust historical prices to predict the future ProShares Trust's volatility.| Risk Adjusted Performance | 0.0794 | |||
| Jensen Alpha | 0.0153 | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | 0.0784 | |||
| Treynor Ratio | 0.126 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ProShares Trust'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 Trust Backtested Returns
ProShares Trust appears to be very steady, given 3 months investment horizon. ProShares Trust maintains Sharpe Ratio (i.e., Efficiency) of 0.0922, which implies the entity had a 0.0922% return per unit of risk over the last 3 months. We have found thirty technical indicators for ProShares Trust, which you can use to evaluate the volatility of the etf. Please evaluate ProShares Trust's Risk Adjusted Performance of 0.0794, coefficient of variation of 1076.2, and Semi Deviation of 2.95 to confirm if our risk estimates are consistent with your expectations. The etf holds a Beta of 2.95, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, ProShares Trust will likely underperform.
Auto-correlation | 0.40 |
Average predictability
ProShares Trust has average predictability. Overlapping area represents the amount of predictability between ProShares Trust time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Trust price movement. The serial correlation of 0.4 indicates that just about 40.0% of current ProShares Trust price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.4 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 6.4 |
ProShares Trust lagged returns against current returns
Autocorrelation, which is ProShares Trust 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 Trust's etf expected returns. We can calculate the autocorrelation of ProShares Trust returns to help us make a trade decision. For example, suppose you find that ProShares Trust 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 Trust 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 Trust etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ProShares Trust etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ProShares Trust etf over time.
Current vs Lagged Prices |
| Timeline |
ProShares Trust Lagged Returns
When evaluating ProShares Trust's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ProShares Trust etf have on its future price. ProShares Trust 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 Trust autocorrelation shows the relationship between ProShares Trust etf current value and its past values and can show if there is a momentum factor associated with investing in ProShares Trust.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether ProShares Trust offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ProShares Trust'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 Trust Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Proshares Trust Etf:Check out ProShares Trust Correlation, ProShares Trust Volatility and ProShares Trust Alpha and Beta module to complement your research on ProShares Trust. 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 Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
ProShares Trust 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.