Proshares Nasdaq 100 High Etf Market Value
| IQQQ Etf | 42.83 0.37 0.86% |
| Symbol | ProShares |
The market value of ProShares Nasdaq 100 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 Nasdaq's value that differs from its market value or its book value, called intrinsic value, which is ProShares Nasdaq'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 Nasdaq's market value can be influenced by many factors that don't directly affect ProShares Nasdaq'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 Nasdaq's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares Nasdaq is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares Nasdaq'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 Nasdaq '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 Nasdaq'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 Nasdaq.
| 05/08/2023 |
| 11/28/2024 |
If you would invest 0.00 in ProShares Nasdaq on May 8, 2023 and sell it all today you would earn a total of 0.00 from holding ProShares Nasdaq 100 High or generate 0.0% return on investment in ProShares Nasdaq over 570 days. ProShares Nasdaq is related to or competes with Global X, Amplify CWP, Global X, JPMorgan Nasdaq, NEOS ETF, FT Cboe, and Main Buywrite. ProShares Nasdaq is entity of United States More
ProShares Nasdaq 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 Nasdaq'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 Nasdaq 100 High upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.25 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 5.2 | |||
| Value At Risk | (2.35) | |||
| Potential Upside | 1.59 |
ProShares Nasdaq Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ProShares Nasdaq's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ProShares Nasdaq's standard deviation. In reality, there are many statistical measures that can use ProShares Nasdaq historical prices to predict the future ProShares Nasdaq's volatility.| Risk Adjusted Performance | 0.0901 | |||
| Jensen Alpha | 0.0024 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1231 |
ProShares Nasdaq 100 Backtested Returns
Currently, ProShares Nasdaq 100 High is very steady. ProShares Nasdaq 100 maintains Sharpe Ratio (i.e., Efficiency) of 0.0957, which implies the entity had a 0.0957% return per unit of risk over the last 3 months. We have found thirty technical indicators for ProShares Nasdaq 100, which you can use to evaluate the volatility of the etf. Please check ProShares Nasdaq's Risk Adjusted Performance of 0.0901, coefficient of variation of 874.92, and Semi Deviation of 1.1 to confirm if the risk estimate we provide is consistent with the expected return of 0.1%. The etf holds a Beta of 0.9, which implies possible diversification benefits within a given portfolio. ProShares Nasdaq returns are very sensitive to returns on the market. As the market goes up or down, ProShares Nasdaq is expected to follow.
Auto-correlation | 0.00 |
No correlation between past and present
ProShares Nasdaq 100 High has no correlation between past and present. Overlapping area represents the amount of predictability between ProShares Nasdaq time series from 8th of May 2023 to 17th of February 2024 and 17th of February 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 Nasdaq 100 price movement. The serial correlation of 0.0 indicates that just 0.0% of current ProShares Nasdaq price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ProShares Nasdaq 100 lagged returns against current returns
Autocorrelation, which is ProShares Nasdaq 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 Nasdaq's etf expected returns. We can calculate the autocorrelation of ProShares Nasdaq returns to help us make a trade decision. For example, suppose you find that ProShares Nasdaq 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 Nasdaq 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 Nasdaq etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ProShares Nasdaq etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ProShares Nasdaq etf over time.
Current vs Lagged Prices |
| Timeline |
ProShares Nasdaq Lagged Returns
When evaluating ProShares Nasdaq's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ProShares Nasdaq etf have on its future price. ProShares Nasdaq 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 Nasdaq autocorrelation shows the relationship between ProShares Nasdaq etf current value and its past values and can show if there is a momentum factor associated with investing in ProShares Nasdaq 100 High.
Regressed Prices |
| Timeline |
Pair Trading with ProShares Nasdaq
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ProShares Nasdaq position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ProShares Nasdaq will appreciate offsetting losses from the drop in the long position's value.Moving together with ProShares Etf
| 0.94 | JEPI | JPMorgan Equity Premium | PairCorr |
| 0.96 | XYLD | Global X SP | PairCorr |
| 0.91 | DIVO | Amplify CWP Enhanced | PairCorr |
| 0.9 | RYLD | Global X Russell | PairCorr |
| 0.98 | JEPQ | JPMorgan Nasdaq Equity | PairCorr |
The ability to find closely correlated positions to ProShares Nasdaq could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ProShares Nasdaq when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ProShares Nasdaq - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ProShares Nasdaq 100 High to buy it.
The correlation of ProShares Nasdaq is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ProShares Nasdaq moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ProShares Nasdaq 100 moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ProShares Nasdaq can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out ProShares Nasdaq Correlation, ProShares Nasdaq Volatility and ProShares Nasdaq Alpha and Beta module to complement your research on ProShares Nasdaq. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
ProShares Nasdaq 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.