Proshares Trust Etf Technical Analysis
| ETHD Etf | 26.63 0.92 3.58% |
As of the 24th of November, ProShares Trust holds the Variance of 64.61, risk adjusted performance of (0.08), and Coefficient Of Variation of (905.82). Our technical analysis interface allows you to check existing technical drivers of ProShares Trust, as well as the relationship between them. Please check ProShares Trust variance, maximum drawdown, as well as the relationship between the Maximum Drawdown and skewness to decide if ProShares Trust is priced some-what accurately, providing market reflects its current price of 26.63 per share.
ProShares Trust Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as ProShares, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ProSharesProShares |
ProShares Trust 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.
ProShares Trust Technical Analysis
The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of ProShares Trust volatility. High ATR values indicate high volatility, and low values indicate low volatility.
ProShares Trust Trend Analysis
Use this graph to draw trend lines for ProShares Trust. You can use it to identify possible trend reversals for ProShares Trust as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual ProShares Trust price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.ProShares Trust Best Fit Change Line
The following chart estimates an ordinary least squares regression model for ProShares Trust applied against its price change over selected period. The best fit line has a slop of 0.71 , which may suggest that ProShares Trust market price will keep on failing further. It has 122 observation points and a regression sum of squares at 19037.47, which is the sum of squared deviations for the predicted ProShares Trust price change compared to its average price change.About ProShares Trust Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of ProShares Trust on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of ProShares Trust based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on ProShares Trust price pattern first instead of the macroeconomic environment surrounding ProShares Trust. By analyzing ProShares Trust's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of ProShares Trust's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to ProShares Trust specific price patterns or momentum indicators. Please read more on our technical analysis page.
ProShares Trust November 24, 2024 Technical Indicators
Most technical analysis of ProShares help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for ProShares from various momentum indicators to cycle indicators. When you analyze ProShares charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Math Transform | ||
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| Volume Indicators |
| Risk Adjusted Performance | (0.08) | |||
| Market Risk Adjusted Performance | 0.1575 | |||
| Mean Deviation | 6.07 | |||
| Coefficient Of Variation | (905.82) | |||
| Standard Deviation | 8.04 | |||
| Variance | 64.61 | |||
| Information Ratio | (0.13) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (2.16) | |||
| Treynor Ratio | 0.1475 | |||
| Maximum Drawdown | 40.82 | |||
| Value At Risk | (15.63) | |||
| Potential Upside | 9.08 | |||
| Skewness | (1.11) | |||
| Kurtosis | 1.64 |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ProShares Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in rate. For information on how to trade ProShares Etf refer to our How to Trade ProShares Etf guide.You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
The market value of ProShares Trust 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 Trust's value that differs from its market value or its book value, called intrinsic value, which is ProShares Trust'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 Trust's market value can be influenced by many factors that don't directly affect ProShares Trust'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 Trust's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares Trust is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares Trust'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.