Proshares Smart Materials Etf Probability of Future Etf Price Finishing Over 33.87
| TINT Etf | USD 30.84 0.26 0.84% |
ProShares |
ProShares Smart Target Price Odds to finish over 33.87
The tendency of ProShares Etf price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over $ 33.87 or more in 90 days |
| 30.84 | 90 days | 33.87 | about 7.43 |
Based on a normal probability distribution, the odds of ProShares Smart to move over $ 33.87 or more in 90 days from now is about 7.43 (This ProShares Smart Materials probability density function shows the probability of ProShares Etf to fall within a particular range of prices over 90 days) . Probability of ProShares Smart Materials price to stay between its current price of $ 30.84 and $ 33.87 at the end of the 90-day period is about 83.89 .
Given the investment horizon of 90 days ProShares Smart has a beta of 0.75. This usually implies as returns on the market go up, ProShares Smart average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding ProShares Smart Materials will be expected to be much smaller as well. Additionally ProShares Smart Materials has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. ProShares Smart Price Density |
| Price |
Predictive Modules for ProShares Smart
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 Smart Materials. 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.ProShares Smart Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. ProShares Smart is not an exception. The market had few large corrections towards the ProShares Smart's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold ProShares Smart Materials, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of ProShares Smart within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.11 | |
β | Beta against Dow Jones | 0.75 | |
σ | Overall volatility | 1.08 | |
Ir | Information ratio | -0.14 |
ProShares Smart Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of ProShares Smart for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for ProShares Smart Materials can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| ProShares Smart generated a negative expected return over the last 90 days | |
| Latest headline from news.google.com: Learn to Evaluate using the Charts - Stock Traders Daily | |
| The fund created three year return of -8.0% | |
| ProShares Smart Materials maintains 99.63% of its assets in stocks |
ProShares Smart Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of ProShares Etf often depends not only on the future outlook of the current and potential ProShares Smart's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. ProShares Smart's indicators that are reflective of the short sentiment are summarized in the table below.
ProShares Smart Technical Analysis
ProShares Smart's future price can be derived by breaking down and analyzing its technical indicators over time. ProShares Etf technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of ProShares Smart Materials. In general, you should focus on analyzing ProShares Etf price patterns and their correlations with different microeconomic environments and drivers.
ProShares Smart Predictive Forecast Models
ProShares Smart's time-series forecasting models is one of many ProShares Smart's etf analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary ProShares Smart's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the etf market movement and maximize returns from investment trading.
Things to note about ProShares Smart Materials
Checking the ongoing alerts about ProShares Smart for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for ProShares Smart Materials help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| ProShares Smart generated a negative expected return over the last 90 days | |
| Latest headline from news.google.com: Learn to Evaluate using the Charts - Stock Traders Daily | |
| The fund created three year return of -8.0% | |
| ProShares Smart Materials maintains 99.63% of its assets in stocks |
Check out ProShares Smart Backtesting, Portfolio Optimization, ProShares Smart Correlation, ProShares Smart Hype Analysis, ProShares Smart Volatility, ProShares Smart History as well as ProShares Smart Performance. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
The market value of ProShares Smart Materials 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 Smart's value that differs from its market value or its book value, called intrinsic value, which is ProShares Smart'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 Smart's market value can be influenced by many factors that don't directly affect ProShares Smart'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 Smart's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares Smart is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares Smart'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.