Proshares Global Listed Etf Market Value
| PEX Etf | USD 28.84 0.17 0.59% |
| Symbol | ProShares |
The market value of ProShares Global Listed 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 Global's value that differs from its market value or its book value, called intrinsic value, which is ProShares Global'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 Global's market value can be influenced by many factors that don't directly affect ProShares Global'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 Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares Global'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 Global '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 Global'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 Global.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in ProShares Global on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding ProShares Global Listed or generate 0.0% return on investment in ProShares Global over 30 days. ProShares Global is related to or competes with Global X, IShares Genomics, ABIVAX Société, HUMANA, SCOR PK, Pinnacle Sherman, and Ab Pennsylvania. The index consists of up to 30 qualifying listed private equity companies More
ProShares Global 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 Global'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 Global Listed upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7555 | |||
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 3.08 | |||
| Value At Risk | (1.26) | |||
| Potential Upside | 1.21 |
ProShares Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ProShares Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ProShares Global's standard deviation. In reality, there are many statistical measures that can use ProShares Global historical prices to predict the future ProShares Global's volatility.| Risk Adjusted Performance | 0.0462 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | 0.0524 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ProShares Global'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 Global Listed Backtested Returns
At this stage we consider ProShares Etf to be very steady. ProShares Global Listed maintains Sharpe Ratio (i.e., Efficiency) of 0.0704, which implies the entity had a 0.0704% return per unit of risk over the last 3 months. We have found thirty technical indicators for ProShares Global Listed, which you can use to evaluate the volatility of the etf. Please check ProShares Global's Coefficient Of Variation of 1642.89, semi deviation of 0.6731, and Risk Adjusted Performance of 0.0462 to confirm if the risk estimate we provide is consistent with the expected return of 0.0525%. The etf holds a Beta of 0.67, which implies possible diversification benefits within a given portfolio. As returns on the market increase, ProShares Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding ProShares Global is expected to be smaller as well.
Auto-correlation | 0.66 |
Good predictability
ProShares Global Listed has good predictability. Overlapping area represents the amount of predictability between ProShares Global time series from 29th of October 2024 to 13th of November 2024 and 13th of November 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 Global Listed price movement. The serial correlation of 0.66 indicates that around 66.0% of current ProShares Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
ProShares Global Listed lagged returns against current returns
Autocorrelation, which is ProShares Global 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 Global's etf expected returns. We can calculate the autocorrelation of ProShares Global returns to help us make a trade decision. For example, suppose you find that ProShares Global 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 Global 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 Global etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ProShares Global etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ProShares Global etf over time.
Current vs Lagged Prices |
| Timeline |
ProShares Global Lagged Returns
When evaluating ProShares Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ProShares Global etf have on its future price. ProShares Global 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 Global autocorrelation shows the relationship between ProShares Global etf current value and its past values and can show if there is a momentum factor associated with investing in ProShares Global Listed.
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 Global Listed offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ProShares Global'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 Global Listed Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Proshares Global Listed Etf:Check out ProShares Global Correlation, ProShares Global Volatility and ProShares Global Alpha and Beta module to complement your research on ProShares Global. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
ProShares Global 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.