Proshares Vix Short Term Etf Market Value
| VIXY Etf | USD 46.97 0.35 0.74% |
| Symbol | ProShares |
The market value of ProShares VIX Short 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 VIX's value that differs from its market value or its book value, called intrinsic value, which is ProShares VIX'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 VIX's market value can be influenced by many factors that don't directly affect ProShares VIX'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 VIX's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares VIX is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares VIX'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 VIX '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 VIX'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 VIX.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in ProShares VIX on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding ProShares VIX Short Term or generate 0.0% return on investment in ProShares VIX over 30 days. ProShares VIX is related to or competes with ProShares VIX, ProShares Short, ProShares Ultra, IPath Series, and IPath Series. The index seeks to offer exposure to market volatility through publicly traded futures markets and is designed to measur... More
ProShares VIX 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 VIX'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 VIX Short Term upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.4 | |||
| Information Ratio | 0.0116 | |||
| Maximum Drawdown | 30.34 | |||
| Value At Risk | (5.29) | |||
| Potential Upside | 7.84 |
ProShares VIX Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ProShares VIX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ProShares VIX's standard deviation. In reality, there are many statistical measures that can use ProShares VIX historical prices to predict the future ProShares VIX's volatility.| Risk Adjusted Performance | 0.033 | |||
| Jensen Alpha | 0.4901 | |||
| Total Risk Alpha | (0.38) | |||
| Sortino Ratio | 0.0154 | |||
| Treynor Ratio | (0.03) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ProShares VIX'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 VIX Short Backtested Returns
At this stage we consider ProShares Etf to be very steady. ProShares VIX Short maintains Sharpe Ratio (i.e., Efficiency) of 0.0327, which implies the entity had a 0.0327% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for ProShares VIX Short, which you can use to evaluate the volatility of the etf. Please check ProShares VIX's Coefficient Of Variation of 3060.64, risk adjusted performance of 0.033, and Semi Deviation of 3.2 to confirm if the risk estimate we provide is consistent with the expected return of 0.15%. The etf holds a Beta of -4.12, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning ProShares VIX are expected to decrease by larger amounts. On the other hand, during market turmoil, ProShares VIX is expected to outperform it.
Auto-correlation | -0.34 |
Poor reverse predictability
ProShares VIX Short Term has poor reverse predictability. Overlapping area represents the amount of predictability between ProShares VIX time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 VIX Short price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current ProShares VIX price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 2.05 |
ProShares VIX Short lagged returns against current returns
Autocorrelation, which is ProShares VIX 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 VIX's etf expected returns. We can calculate the autocorrelation of ProShares VIX returns to help us make a trade decision. For example, suppose you find that ProShares VIX 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 VIX 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 VIX etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ProShares VIX etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ProShares VIX etf over time.
Current vs Lagged Prices |
| Timeline |
ProShares VIX Lagged Returns
When evaluating ProShares VIX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ProShares VIX etf have on its future price. ProShares VIX 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 VIX autocorrelation shows the relationship between ProShares VIX etf current value and its past values and can show if there is a momentum factor associated with investing in ProShares VIX Short Term.
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 VIX Short offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ProShares VIX'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 Vix Short Term Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Proshares Vix Short Term Etf:Check out ProShares VIX Correlation, ProShares VIX Volatility and ProShares VIX Alpha and Beta module to complement your research on ProShares VIX. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
ProShares VIX 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.