Proshares Russell 2000 Etf Market Value
| ITWO Etf | 44.20 0.73 1.68% |
| Symbol | Proshares |
The market value of Proshares Russell 2000 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 Russell's value that differs from its market value or its book value, called intrinsic value, which is Proshares Russell'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 Russell's market value can be influenced by many factors that don't directly affect Proshares Russell'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 Russell's value and its price as these two are different measures arrived at by different means. Investors typically determine if Proshares Russell is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Proshares Russell'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 Russell '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 Russell'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 Russell.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Proshares Russell on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Proshares Russell 2000 or generate 0.0% return on investment in Proshares Russell over 30 days. Proshares Russell is related to or competes with Global X, AdvisorShares STAR, Global X, FT Vest, Natixis ETF, Global X, and Morgan Stanley. Proshares Russell is entity of United States More
Proshares Russell 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 Russell'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 Russell 2000 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9568 | |||
| Information Ratio | 0.0809 | |||
| Maximum Drawdown | 4.14 | |||
| Value At Risk | (1.61) | |||
| Potential Upside | 2.08 |
Proshares Russell Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Proshares Russell's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Proshares Russell's standard deviation. In reality, there are many statistical measures that can use Proshares Russell historical prices to predict the future Proshares Russell's volatility.| Risk Adjusted Performance | 0.1557 | |||
| Jensen Alpha | 0.0938 | |||
| Total Risk Alpha | 0.0383 | |||
| Sortino Ratio | 0.0913 | |||
| Treynor Ratio | 0.2179 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Proshares Russell'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 Russell 2000 Backtested Returns
Proshares Russell appears to be very steady, given 3 months investment horizon. Proshares Russell 2000 maintains Sharpe Ratio (i.e., Efficiency) of 0.2, which implies the entity had a 0.2% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Proshares Russell 2000, which you can use to evaluate the volatility of the etf. Please evaluate Proshares Russell's Coefficient Of Variation of 500.27, risk adjusted performance of 0.1557, and Semi Deviation of 0.7105 to confirm if our risk estimates are consistent with your expectations. The etf holds a Beta of 0.95, which implies possible diversification benefits within a given portfolio. Proshares Russell returns are very sensitive to returns on the market. As the market goes up or down, Proshares Russell is expected to follow.
Auto-correlation | 0.53 |
Modest predictability
Proshares Russell 2000 has modest predictability. Overlapping area represents the amount of predictability between Proshares Russell time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Russell 2000 price movement. The serial correlation of 0.53 indicates that about 53.0% of current Proshares Russell price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.72 |
Proshares Russell 2000 lagged returns against current returns
Autocorrelation, which is Proshares Russell 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 Russell's etf expected returns. We can calculate the autocorrelation of Proshares Russell returns to help us make a trade decision. For example, suppose you find that Proshares Russell 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 Russell 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 Russell etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Proshares Russell etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Proshares Russell etf over time.
Current vs Lagged Prices |
| Timeline |
Proshares Russell Lagged Returns
When evaluating Proshares Russell's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Proshares Russell etf have on its future price. Proshares Russell 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 Russell autocorrelation shows the relationship between Proshares Russell etf current value and its past values and can show if there is a momentum factor associated with investing in Proshares Russell 2000.
Regressed Prices |
| Timeline |
Pair Trading with Proshares Russell
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 Russell 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 Russell will appreciate offsetting losses from the drop in the long position's value.Moving against Proshares Etf
| 0.38 | VZ | Verizon Communications Aggressive Push | PairCorr |
The ability to find closely correlated positions to Proshares Russell 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 Russell 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 Russell - 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 Russell 2000 to buy it.
The correlation of Proshares Russell 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 Russell moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Proshares Russell 2000 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 Russell 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 Russell Correlation, Proshares Russell Volatility and Proshares Russell Alpha and Beta module to complement your research on Proshares Russell. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Proshares Russell 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.