ProShares Long Valuation
| CLIX Etf | USD 46.40 0.51 1.09% |
At this time, the etf appears to be undervalued. ProShares Long Onlin holds a recent Real Value of $47.84 per share. The prevailing price of the etf is $46.4. Our model determines the value of ProShares Long Onlin from analyzing the etf fundamentals such as Five Year Return of (0.20) %, number of employees of 592, and Equity Positions Weight of 99.63 % as well as examining its technical indicators and probability of bankruptcy.
Undervalued
Today
Please note that ProShares Long's price fluctuation is very steady at this time. Calculation of the real value of ProShares Long Onlin is based on 3 months time horizon. Increasing ProShares Long's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
Since ProShares Long is currently traded on the exchange, buyers and sellers on that exchange determine the market value of ProShares Etf. However, ProShares Long's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 46.4 | Real 47.84 | Hype 46.49 | Naive 45.41 |
The intrinsic value of ProShares Long's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence ProShares Long's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of ProShares Long OnlineShort helps investors to forecast how ProShares etf's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of ProShares Long more accurately as focusing exclusively on ProShares Long's fundamentals will not take into account other important factors: About ProShares Long Valuation
Our relative valuation model uses a comparative analysis of ProShares Long. We calculate exposure to ProShares Long's market risk, different technical and fundamental indicators, and relevant financial multiples and ratios and then compare them to those of ProShares Long's related companies.The fund invests in financial instruments that ProShare Advisors believes, in combination, should track the performance of the index. Long OnlineShort is traded on NYSEARCA Exchange in the United States.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ProShares Long OnlineShort. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
The market value of ProShares Long Onlin 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 Long's value that differs from its market value or its book value, called intrinsic value, which is ProShares Long'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 Long's market value can be influenced by many factors that don't directly affect ProShares Long'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 Long's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares Long is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares Long'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.