Proshares Ultrashort Sp500 Etf Price on September 27, 2024
| SDS Etf | USD 19.73 0.43 2.13% |
Below is the normalized historical share price chart for ProShares UltraShort SP500 extending back to July 13, 2006. 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 UltraShort stands at 19.73, as last reported on the 22nd of December, with the highest price reaching 20.42 and the lowest price hitting 19.39 during the day.
If you're considering investing in ProShares Etf, it is important to understand the factors that can impact its price. ProShares UltraShort maintains Sharpe Ratio (i.e., Efficiency) of -0.0531, which implies the entity had a -0.0531% return per unit of risk over the last 3 months. ProShares UltraShort exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check ProShares UltraShort's Variance of 2.2, risk adjusted performance of (0.04), and Coefficient Of Variation of (1,920) to confirm the risk estimate we provide.
ProShares Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 34.18 | 200 Day MA 22.7907 | 1 y Volatility 19.11 | 50 Day MA 19.6898 | Inception Date 2006-07-11 |
ProShares |
Sharpe Ratio = -0.0531
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| Negative Returns | SDS |
Estimated Market Risk
| 1.49 actual daily | 13 87% of assets are more volatile |
Expected Return
| -0.08 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average ProShares UltraShort is not performing at its full potential. However, 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 UltraShort by adding ProShares UltraShort to a well-diversified portfolio.
ProShares UltraShort Valuation on September 27, 2024
It is possible to determine the worth of ProShares UltraShort on a given historical date. On September 27, 2024 ProShares was worth 20.67 at the beginning of the trading date compared to the closed value of 20.82. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of ProShares UltraShort etf. Still, in general, we apply an absolute valuation method to find ProShares UltraShort'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 UltraShort where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against ProShares UltraShort's related companies.
| Open | High | Low | Close | Volume | |
| 20.58 | 20.91 | 20.55 | 20.73 | 10,729,809 | |
09/27/2024 | 20.67 | 20.90 | 20.61 | 20.82 | 10,604,620 |
| 20.90 | 21.07 | 20.62 | 20.63 | 12,177,213 |
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ProShares UltraShort Trading Date Momentum on September 27, 2024
| On September 30 2024 ProShares UltraShort SP500 was traded for 20.63 at the closing time. Highest ProShares UltraShort's price during the trading hours was 21.07 and the lowest price during the day was 20.62 . The net volume was 12.2 M. The overall trading history on the 30th of September contributed to the next trading period price depreciation. The trading price change to the next next day price was 0.91% . The trading delta at closing time to current price is 0.29% . |
ProShares UltraShort Fundamentals Correlations and Trends
By evaluating ProShares UltraShort'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 UltraShort'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 UltraShort Etf history
ProShares UltraShort 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 UltraShort 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 UltraShort stock prices may prove useful in developing a viable investing in ProShares UltraShort
The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the funds investment objective. Ultrashort SP500 is traded on NYSEARCA Exchange in the United States.
ProShares UltraShort Etf Technical Analysis
ProShares UltraShort 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 UltraShort Period Price Range
Low | December 22, 2024
| High |
0.00 | 0.00 |
ProShares UltraShort SP500 cannot be verified against its exchange. Please verify the symbol is currently traded on NYSE ARCA 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 UltraShort December 22, 2024 Market Strength
Market strength indicators help investors to evaluate how ProShares UltraShort 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 UltraShort shares will generate the highest return on investment. By undertsting and applying ProShares UltraShort etf market strength indicators, traders can identify ProShares UltraShort SP500 entry and exit signals to maximize returns
ProShares UltraShort Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for ProShares UltraShort'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 | (0.04) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | 0.0554 |
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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ProShares UltraShort SP500. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in unemployment. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
The market value of ProShares UltraShort 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 UltraShort's value that differs from its market value or its book value, called intrinsic value, which is ProShares UltraShort'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 UltraShort's market value can be influenced by many factors that don't directly affect ProShares UltraShort'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 UltraShort's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares UltraShort is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares UltraShort'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.