ProShares UltraPro Valuation
| SQQQ Etf | USD 72.76 0.34 0.47% |
At this time, the etf appears to be overvalued. ProShares UltraPro Short holds a recent Real Value of $66.82 per share. The prevailing price of the etf is $72.76. Our model determines the value of ProShares UltraPro Short from analyzing the etf fundamentals such as Net Asset of 5.13 B, number of employees of 154, and One Year Return of (47.70) % as well as examining its technical indicators and probability of bankruptcy.
Overvalued
Today
Please note that ProShares UltraPro's price fluctuation is very steady at this time. Calculation of the real value of ProShares UltraPro Short is based on 3 months time horizon. Increasing ProShares UltraPro's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
ProShares UltraPro's intrinsic value may or may not be the same as its current market price of 72.76, 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 72.76 | Real 66.82 | Hype 73.24 |
The intrinsic value of ProShares UltraPro'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 UltraPro'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 UltraPro Short 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 UltraPro more accurately as focusing exclusively on ProShares UltraPro's fundamentals will not take into account other important factors: About ProShares UltraPro Valuation
The etf valuation mechanism determines ProShares UltraPro's current worth on a daily basis. In general, an absolute valuation approach attempts to find the value of ProShares UltraPro Short based exclusively on its fundamental and basic technical indicators. As compared to an absolute model, our relative valuation model uses a comparative analysis of ProShares UltraPro. We calculate exposure to ProShares UltraPro's market risk, different technical and fundamental indicators, and relevant financial multiples and ratios and then compare them to those of ProShares UltraPro's related companies.The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the funds investment objective. Ultrapro Short is traded on NASDAQ Exchange in the United States.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ProShares UltraPro Short. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
ProShares UltraPro Short's market price often diverges from its book value, the accounting figure shown on ProShares's balance sheet. Smart investors calculate ProShares UltraPro's intrinsic value - its true economic worth - which may differ significantly from both market price and book value. Market participants employ diverse analytical approaches to determine fair value and identify buying opportunities when prices dip below calculated worth. Since ProShares UltraPro's trading price responds to investor sentiment, macroeconomic conditions, and market psychology, it can swing far from fundamental value.
Please note, there is a significant difference between ProShares UltraPro's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares UltraPro is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares UltraPro'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.