ProShares Trust Etf Forecast - Simple Regression

ETHD Etf   19.78  0.93  4.93%   
The Simple Regression forecasted value of ProShares Trust on the next trading day is expected to be 17.81 with a mean absolute deviation of 5.59 and the sum of the absolute errors of 346.57. ProShares Etf Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast ProShares Trust stock prices and determine the direction of ProShares Trust's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of ProShares Trust's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
Simple Regression model is a single variable regression model that attempts to put a straight line through ProShares Trust price points. This line is defined by its gradient or slope, and the point at which it intercepts the x-axis. Mathematically, assuming the independent variable is X and the dependent variable is Y, then this line can be represented as: Y = intercept + slope * X.

ProShares Trust Simple Regression Price Forecast For the 12th of December 2024

Given 90 days horizon, the Simple Regression forecasted value of ProShares Trust on the next trading day is expected to be 17.81 with a mean absolute deviation of 5.59, mean absolute percentage error of 49.39, and the sum of the absolute errors of 346.57.
Please note that although there have been many attempts to predict ProShares Etf prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that ProShares Trust's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

ProShares Trust Etf Forecast Pattern

ProShares Trust Forecasted Value

In the context of forecasting ProShares Trust's Etf value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. ProShares Trust's downside and upside margins for the forecasting period are 9.04 and 26.59, respectively. We have considered ProShares Trust's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Market Value
19.78
17.81
Expected Value
26.59
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Simple Regression forecasting method's relative quality and the estimations of the prediction error of ProShares Trust etf data series using in forecasting. Note that when a statistical model is used to represent ProShares Trust etf, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.
AICAkaike Information Criteria123.8481
BiasArithmetic mean of the errors None
MADMean absolute deviation5.5899
MAPEMean absolute percentage error0.1343
SAESum of the absolute errors346.5729
In general, regression methods applied to historical equity returns or prices series is an area of active research. In recent decades, new methods have been developed for robust regression of price series such as ProShares Trust historical returns. These new methods are regression involving correlated responses such as growth curves and different regression methods accommodating various types of missing data.

Predictive Modules for ProShares Trust

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ProShares Trust. Regardless of method or technology, however, to accurately forecast the etf market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the etf market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Hype
Prediction
LowEstimatedHigh
11.0819.7828.48
Details
Intrinsic
Valuation
LowRealHigh
10.6819.3828.08
Details
Bollinger
Band Projection (param)
LowMiddleHigh
12.6126.0939.57
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as ProShares Trust. Your research has to be compared to or analyzed against ProShares Trust's peers to derive any actionable benefits. When done correctly, ProShares Trust's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in ProShares Trust.

Other Forecasting Options for ProShares Trust

For every potential investor in ProShares, whether a beginner or expert, ProShares Trust's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. ProShares Etf price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in ProShares. Basic forecasting techniques help filter out the noise by identifying ProShares Trust's price trends.

ProShares Trust Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with ProShares Trust etf to make a market-neutral strategy. Peer analysis of ProShares Trust could also be used in its relative valuation, which is a method of valuing ProShares Trust by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

ProShares Trust Technical and Predictive Analytics

The etf market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of ProShares Trust's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of ProShares Trust's current price.

ProShares Trust Market Strength Events

Market strength indicators help investors to evaluate how ProShares Trust etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ProShares Trust shares will generate the highest return on investment. By undertsting and applying ProShares Trust etf market strength indicators, traders can identify ProShares Trust entry and exit signals to maximize returns.

ProShares Trust Risk Indicators

The analysis of ProShares Trust's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in ProShares Trust's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting proshares etf prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

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 Trust offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ProShares Trust'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 Trust Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Proshares Trust Etf:
Check out fundamental analysis of ProShares Trust to check your projections.
For information on how to trade ProShares Etf refer to our How to Trade ProShares Etf guide.
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.
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.