ProShares Ultra Etf Forecast - 20 Period Moving Average

XPP Etf  USD 18.92  0.58  2.97%   
The 20 Period Moving Average forecasted value of ProShares Ultra FTSE on the next trading day is expected to be 18.66 with a mean absolute deviation of 1.32 and the sum of the absolute errors of 54.26. ProShares Etf Forecast is based on your current time horizon.
  
A commonly used 20-period moving average forecast model for ProShares Ultra FTSE is based on a synthetically constructed ProShares Ultradaily price series in which the value for a trading day is replaced by the mean of that value and the values for 20 of preceding and succeeding time periods. This model is best suited for price series data that changes over time.

ProShares Ultra 20 Period Moving Average Price Forecast For the 17th of December 2024

Given 90 days horizon, the 20 Period Moving Average forecasted value of ProShares Ultra FTSE on the next trading day is expected to be 18.66 with a mean absolute deviation of 1.32, mean absolute percentage error of 2.22, and the sum of the absolute errors of 54.26.
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 Ultra's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

ProShares Ultra Etf Forecast Pattern

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JavaScript chart by amCharts 3.21.15ProShares Ultra FTSE ProShares Ultra FTSE forecast
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ProShares Ultra Forecasted Value

In the context of forecasting ProShares Ultra'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 Ultra's downside and upside margins for the forecasting period are 12.12 and 25.20, respectively. We have considered ProShares Ultra'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
18.92
18.66
Expected Value
25.20
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the 20 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of ProShares Ultra etf data series using in forecasting. Note that when a statistical model is used to represent ProShares Ultra 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 Criteria82.1487
BiasArithmetic mean of the errors 0.8327
MADMean absolute deviation1.3233
MAPEMean absolute percentage error0.0685
SAESum of the absolute errors54.2565
The eieght-period moving average method has an advantage over other forecasting models in that it does smooth out peaks and valleys in a set of daily observations. ProShares Ultra FTSE 20-period moving average forecast can only be used reliably to predict one or two periods into the future.

Predictive Modules for ProShares Ultra

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 Ultra FTSE. 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
12.7019.2425.78
Details
Intrinsic
Valuation
LowRealHigh
11.5918.1324.67
Details

Other Forecasting Options for ProShares Ultra

For every potential investor in ProShares, whether a beginner or expert, ProShares Ultra'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 Ultra's price trends.

ProShares Ultra 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 Ultra etf to make a market-neutral strategy. Peer analysis of ProShares Ultra could also be used in its relative valuation, which is a method of valuing ProShares Ultra by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

ProShares Ultra FTSE 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 Ultra'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 Ultra's current price.

ProShares Ultra Market Strength Events

Market strength indicators help investors to evaluate how ProShares Ultra 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 Ultra shares will generate the highest return on investment. By undertsting and applying ProShares Ultra etf market strength indicators, traders can identify ProShares Ultra FTSE entry and exit signals to maximize returns.

ProShares Ultra Risk Indicators

The analysis of ProShares Ultra'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 Ultra'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.

Pair Trading with ProShares Ultra

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ProShares Ultra position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ProShares Ultra will appreciate offsetting losses from the drop in the long position's value.

Moving against ProShares Etf

  0.32WTID UBS ETRACSPairCorr
The ability to find closely correlated positions to ProShares Ultra could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ProShares Ultra when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ProShares Ultra - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ProShares Ultra FTSE to buy it.
The correlation of ProShares Ultra is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ProShares Ultra moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ProShares Ultra FTSE moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ProShares Ultra can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether ProShares Ultra FTSE is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if ProShares Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Proshares Ultra Ftse Etf. Highlighted below are key reports to facilitate an investment decision about Proshares Ultra Ftse Etf:
Check out Historical Fundamental Analysis of ProShares Ultra to cross-verify your projections.
You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
The market value of ProShares Ultra FTSE 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 Ultra's value that differs from its market value or its book value, called intrinsic value, which is ProShares Ultra'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 Ultra's market value can be influenced by many factors that don't directly affect ProShares Ultra'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 Ultra's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares Ultra is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares Ultra'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.