Proshares Merger Etf Price on November 27, 2024
| MRGR Etf | USD 42.11 0.27 0.65% |
Below is the normalized historical share price chart for ProShares Merger ETF extending back to December 13, 2012. 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 Merger stands at 42.11, as last reported on the 21st of December, with the highest price reaching 42.11 and the lowest price hitting 42.06 during the day.
If you're considering investing in ProShares Etf, it is important to understand the factors that can impact its price. Currently, ProShares Merger ETF is very steady. ProShares Merger ETF maintains Sharpe Ratio (i.e., Efficiency) of 0.0543, which implies the entity had a 0.0543% return per unit of risk over the last 3 months. We have found thirty technical indicators for ProShares Merger ETF, which you can use to evaluate the volatility of the etf. Please check ProShares Merger's Risk Adjusted Performance of 0.0235, coefficient of variation of 1681.3, and Semi Deviation of 0.2096 to confirm if the risk estimate we provide is consistent with the expected return of 0.0127%.
ProShares Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 3.55 | 200 Day MA 41.0054 | 1 y Volatility 3.14 | 50 Day MA 42.027 | Inception Date 2012-12-11 |
ProShares |
Sharpe Ratio = 0.0543
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| Negative Returns | MRGR |
Estimated Market Risk
| 0.23 actual daily | 2 98% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 4 96% of assets perform better |
Based on monthly moving average ProShares Merger is performing at about 4% 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 Merger by adding it to a well-diversified portfolio.
Average Mkt Cap Mil 4.2 K |
ProShares Merger Valuation on November 27, 2024
It is possible to determine the worth of ProShares Merger on a given historical date. On November 27, 2024 ProShares was worth 42.02 at the beginning of the trading date compared to the closed value of 42.02. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of ProShares Merger etf. Still, in general, we apply an absolute valuation method to find ProShares Merger'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 Merger where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against ProShares Merger's related companies.
| Open | High | Low | Close | Volume | |
| 42.08 | 42.08 | 42.08 | 42.08 | 397.00 | |
11/27/2024 | 42.02 | 42.02 | 42.02 | 42.02 | 251.00 |
| 41.94 | 41.97 | 41.94 | 41.97 | 138.00 |
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ProShares Merger Trading Date Momentum on November 27, 2024
| On November 29 2024 ProShares Merger ETF was traded for 41.97 at the closing time. The top price for the day was 41.97 and the lowest listed price was 41.94 . The trading volume for the day was 138. The trading history from November 29, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 0.12% . The trading delta at closing time against the current closing price is 0.12% . |
ProShares Merger ETF Fundamentals Correlations and Trends
By evaluating ProShares Merger'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 Merger'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 Merger Etf history
ProShares Merger 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 Merger ETF 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 Merger stock prices may prove useful in developing a viable investing in ProShares Merger
ProShares Merger Etf Technical Analysis
ProShares Merger 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 Merger Period Price Range
Low | December 21, 2024
| High |
0.00 | 0.00 |
ProShares Merger ETF 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 Merger December 21, 2024 Market Strength
Market strength indicators help investors to evaluate how ProShares Merger 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 Merger shares will generate the highest return on investment. By undertsting and applying ProShares Merger etf market strength indicators, traders can identify ProShares Merger ETF entry and exit signals to maximize returns
ProShares Merger Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for ProShares Merger'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 | 0.0235 | |||
| Jensen Alpha | 0.0024 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.0565 |
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in ProShares Merger ETF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in price. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
The market value of ProShares Merger ETF 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 Merger's value that differs from its market value or its book value, called intrinsic value, which is ProShares Merger'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 Merger's market value can be influenced by many factors that don't directly affect ProShares Merger'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 Merger's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares Merger is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares Merger'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.