Proshares High Yieldinterest Etf Price on September 25, 2024
| HYHG Etf | USD 65.40 0.05 0.08% |
Below is the normalized historical share price chart for ProShares High YieldInterest extending back to May 23, 2013. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of ProShares High stands at 65.40, as last reported on the 27th of December, with the highest price reaching 65.50 and the lowest price hitting 65.11 during the day.
If you're considering investing in ProShares Etf, it is important to understand the factors that can impact its price. At this point, ProShares High is very steady. ProShares High Yield maintains Sharpe Ratio (i.e., Efficiency) of 0.25, which implies the entity had a 0.25% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for ProShares High Yield, which you can use to evaluate the volatility of the etf. Please check ProShares High's Standard Deviation of 0.2002, risk adjusted performance of 0.1675, and Downside Deviation of 0.1585 to confirm if the risk estimate we provide is consistent with the expected return of 0.0508%.
ProShares Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 7.09 | 200 Day MA 64.4818 | 1 y Volatility 2.04 | 50 Day MA 65.502 | Inception Date 2013-05-21 |
ProShares |
Sharpe Ratio = 0.25
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Estimated Market Risk
| 0.2 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.25 actual daily | 19 81% of assets perform better |
Based on monthly moving average ProShares High is performing at about 19% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of ProShares High by adding it to a well-diversified portfolio.
ProShares High Valuation on September 25, 2024
It is possible to determine the worth of ProShares High on a given historical date. On September 25, 2024 ProShares was worth 63.24 at the beginning of the trading date compared to the closed value of 63.15. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of ProShares High etf. Still, in general, we apply an absolute valuation method to find ProShares High's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of ProShares High where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against ProShares High's related companies.
| Open | High | Low | Close | Volume | |
| 63.19 | 63.25 | 63.02 | 63.16 | 22,015 | |
09/25/2024 | 63.24 | 63.24 | 63.04 | 63.15 | 9,193 |
| 63.30 | 63.30 | 63.17 | 63.28 | 1,756 |
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ProShares High Trading Date Momentum on September 25, 2024
| On September 26 2024 ProShares High YieldInterest was traded for 63.28 at the closing time. The top price for the day was 63.30 and the lowest listed price was 63.17 . The trading volume for the day was 1.8 K. The trading history from September 26, 2024 was a factor to the next trading day price rise. The trading delta at closing time against the next closing price was 0.21% . The trading delta at closing time against the current closing price is 0.86% . |
ProShares High Yield Fundamentals Correlations and Trends
By evaluating ProShares High's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among ProShares High's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. ProShares financial account trend analysis is a perfect complement when working with valuation or volatility modules.About ProShares High Etf history
ProShares High investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for ProShares is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in ProShares High Yield will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing ProShares High stock prices may prove useful in developing a viable investing in ProShares High
ProShares High Etf Technical Analysis
ProShares High technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
Price Boundaries
ProShares High Period Price Range
Low | December 27, 2024
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0.00 | 0.00 |
ProShares High YieldInterest cannot be verified against its exchange. Please verify the symbol is currently traded on BATS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
ProShares High December 27, 2024 Market Strength
Market strength indicators help investors to evaluate how ProShares High 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 High shares will generate the highest return on investment. By undertsting and applying ProShares High etf market strength indicators, traders can identify ProShares High YieldInterest entry and exit signals to maximize returns
ProShares High Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for ProShares High's price direction in advance. Along with the technical and fundamental analysis of ProShares Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of ProShares to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1675 | |||
| Jensen Alpha | 0.0392 | |||
| Total Risk Alpha | 0.0288 | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 3.54 |
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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in ProShares High YieldInterest. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in rate. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
The market value of ProShares High Yield 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 High's value that differs from its market value or its book value, called intrinsic value, which is ProShares High'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 High's market value can be influenced by many factors that don't directly affect ProShares High'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 High's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares High is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares High'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.