Proshares Smart Materials Etf Price on December 11, 2024
| TINT Etf | USD 31.10 0.14 0.45% |
If you're considering investing in ProShares Etf, it is important to understand the factors that can impact its price. As of today, the current price of ProShares Smart stands at 31.10, as last reported on the 13th of December 2024, with the highest price reaching 31.10 and the lowest price hitting 31.10 during the day. ProShares Smart Materials maintains Sharpe Ratio (i.e., Efficiency) of -0.0673, which implies the entity had a -0.0673% return per unit of risk over the last 3 months. ProShares Smart Materials exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check ProShares Smart's Risk Adjusted Performance of (0.02), coefficient of variation of (3,673), and Variance of 0.9319 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.
ProShares |
Sharpe Ratio = -0.0673
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| Negative Returns | TINT |
Estimated Market Risk
| 0.97 actual daily | 8 92% of assets are more volatile |
Expected Return
| -0.07 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.07 actual daily | 0 Most of other assets perform better |
Based on monthly moving average ProShares Smart 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 Smart by adding ProShares Smart to a well-diversified portfolio.
Average Mkt Cap Mil 11.9 K |
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ProShares Smart Valuation on December 11, 2024
It is possible to determine the worth of ProShares Smart on a given historical date. On December 11, 2024 ProShares was worth 30.96 at the beginning of the trading date compared to the closed value of 30.96. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of ProShares Smart etf. Still, in general, we apply an absolute valuation method to find ProShares Smart'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 Smart where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against ProShares Smart's related companies.
| Open | High | Low | Close | Volume | |
| 31.04 | 31.04 | 31.04 | 31.04 | 2.00 | |
12/11/2024 | 30.96 | 30.96 | 30.96 | 30.96 | 3.00 |
| 31.10 | 31.10 | 31.10 | 31.10 | 2.00 |
| Backtest ProShares Smart | | | ProShares Smart History | | | ProShares Smart Valuation | Previous | Next |
ProShares Smart Trading Date Momentum on December 11, 2024
| On December 12 2024 ProShares Smart Materials was traded for 31.10 at the closing time. The top price for the day was 31.10 and the lowest listed price was 31.10 . There was no trading activity during the period 2.0. Lack of trading volume on December 12, 2024 was a factor to the next trading day price appreciation. The trading price change against the next closing price was 0.45% . The trading delta at closing time against the current closing price is 0.45% . |
ProShares Smart Materials Fundamentals Correlations and Trends
By evaluating ProShares Smart'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 Smart'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 Smart Etf history
ProShares Smart 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 Smart Materials 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 Smart stock prices may prove useful in developing a viable investing in ProShares Smart
The index selects companies focused on making or applying industrial innovations which allow for improved products, processes, or techniques through advanced, responsive, or intelligent materials. Proshares Smart is traded on NYSEARCA Exchange in the United States.
ProShares Smart Etf Technical Analysis
ProShares Smart 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 Smart Period Price Range
Low | December 13, 2024
| High |
0.00 | 0.00 |
ProShares Smart Materials 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 Smart December 13, 2024 Market Strength
Market strength indicators help investors to evaluate how ProShares Smart 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 Smart shares will generate the highest return on investment. By undertsting and applying ProShares Smart etf market strength indicators, traders can identify ProShares Smart Materials entry and exit signals to maximize returns
ProShares Smart Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for ProShares Smart'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 | (0.02) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (0.05) |
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| Overlap Studies | ||
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| Volume Indicators |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ProShares Smart Materials. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
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.