Proshares Msci Eafe Etf Market Value
| EFAD Etf | USD 38.28 0.35 0.91% |
| Symbol | ProShares |
The market value of ProShares MSCI EAFE 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.
| 01/03/2025 |
| 02/02/2025 |
If you would invest 0.00 in ProShares MSCI on January 3, 2025 and sell it all today you would earn a total of 0.00 from holding ProShares MSCI EAFE or generate 0.0% return on investment in ProShares MSCI over 30 days. ProShares MSCI is related to or competes with ProShares MSCI, ProShares MSCI, ProShares Russell, ProShares, and ProShares Investment. The index, constructed and maintained by MSCI, targets companies that are currently members of the MSCI EAFE Index and h... 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 EAFE upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 3.33 | |||
| Value At Risk | (1.20) | |||
| Potential Upside | 1.02 |
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 | (0.04) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.1) | |||
| Treynor Ratio | (0.13) |
ProShares MSCI EAFE Backtested Returns
ProShares MSCI EAFE maintains Sharpe Ratio (i.e., Efficiency) of -0.0293, which implies the entity had a -0.0293 % return per unit of risk over the last 3 months. ProShares MSCI EAFE exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check ProShares MSCI's Variance of 0.4842, coefficient of variation of (2,311), and Risk Adjusted Performance of (0.04) to confirm the risk estimate we provide. The etf holds a Beta of 0.32, 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 | -0.62 |
Very good reverse predictability
ProShares MSCI EAFE has very good reverse predictability. Overlapping area represents the amount of predictability between ProShares MSCI time series from 3rd of January 2025 to 18th of January 2025 and 18th of January 2025 to 2nd of February 2025. 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 EAFE price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current ProShares MSCI price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
ProShares MSCI EAFE 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 EAFE.
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 EAFE 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 Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
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.