Proshares Investment Gradeinterest Etf Market Value
| IGHG Etf | USD 78.64 0.30 0.38% |
| Symbol | ProShares |
The market value of ProShares Investment 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 Investment's value that differs from its market value or its book value, called intrinsic value, which is ProShares Investment'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 Investment's market value can be influenced by many factors that don't directly affect ProShares Investment'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 Investment's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares Investment is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares Investment'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 Investment '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 Investment'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 Investment.
| 10/31/2023 |
| 01/23/2025 |
If you would invest 0.00 in ProShares Investment on October 31, 2023 and sell it all today you would earn a total of 0.00 from holding ProShares Investment GradeInterest or generate 0.0% return on investment in ProShares Investment over 450 days. ProShares Investment is related to or competes with ProShares High, IShares Interest, WisdomTree Interest, IShares Interest, and WisdomTree Interest. The index is comprised of long positions in USD-denominated investment grade corporate bonds issued by both U.S More
ProShares Investment 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 Investment'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 Investment GradeInterest upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3438 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 1.54 | |||
| Value At Risk | (0.44) | |||
| Potential Upside | 0.4638 |
ProShares Investment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ProShares Investment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ProShares Investment's standard deviation. In reality, there are many statistical measures that can use ProShares Investment historical prices to predict the future ProShares Investment's volatility.| Risk Adjusted Performance | 0.0558 | |||
| Jensen Alpha | 0.0169 | |||
| Total Risk Alpha | 0.0078 | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.7927 |
ProShares Investment Backtested Returns
At this point, ProShares Investment is very steady. ProShares Investment maintains Sharpe Ratio (i.e., Efficiency) of 0.12, which implies the entity had a 0.12 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for ProShares Investment, which you can use to evaluate the volatility of the etf. Please check ProShares Investment's Coefficient Of Variation of 1171.16, semi deviation of 0.2673, and Risk Adjusted Performance of 0.0558 to confirm if the risk estimate we provide is consistent with the expected return of 0.0362%. The etf holds a Beta of 0.022, which implies not very significant fluctuations relative to the market. As returns on the market increase, ProShares Investment's returns are expected to increase less than the market. However, during the bear market, the loss of holding ProShares Investment is expected to be smaller as well.
Auto-correlation | 0.90 |
Excellent predictability
ProShares Investment GradeInterest has excellent predictability. Overlapping area represents the amount of predictability between ProShares Investment time series from 31st of October 2023 to 12th of June 2024 and 12th of June 2024 to 23rd of January 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 Investment price movement. The serial correlation of 0.9 indicates that approximately 90.0% of current ProShares Investment price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.9 | |
| Spearman Rank Test | 0.94 | |
| Residual Average | 0.0 | |
| Price Variance | 2.44 |
ProShares Investment lagged returns against current returns
Autocorrelation, which is ProShares Investment 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 Investment's etf expected returns. We can calculate the autocorrelation of ProShares Investment returns to help us make a trade decision. For example, suppose you find that ProShares Investment 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 Investment 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 Investment etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ProShares Investment etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ProShares Investment etf over time.
Current vs Lagged Prices |
| Timeline |
ProShares Investment Lagged Returns
When evaluating ProShares Investment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ProShares Investment etf have on its future price. ProShares Investment 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 Investment autocorrelation shows the relationship between ProShares Investment etf current value and its past values and can show if there is a momentum factor associated with investing in ProShares Investment GradeInterest.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether ProShares Investment is a strong investment it is important to analyze ProShares Investment'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 Investment's future performance. For an informed investment choice regarding ProShares Etf, refer to the following important reports:Check out ProShares Investment Correlation, ProShares Investment Volatility and ProShares Investment Alpha and Beta module to complement your research on ProShares Investment. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
ProShares Investment 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.