Proshares Ultrapro Short Etf Price on August 31, 2023

TTT Etf  USD 79.31  0.85  1.06%   
Below is the normalized historical share price chart for ProShares UltraPro Short extending back to March 29, 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 UltraPro stands at 79.31, as last reported on the 22nd of December, with the highest price reaching 79.38 and the lowest price hitting 77.75 during the day.
3 y Volatility
50.33
200 Day MA
70.4532
1 y Volatility
43.49
50 Day MA
71.7392
Inception Date
2012-03-27
 
Yuan Drop
 
Covid
If you're considering investing in ProShares Etf, it is important to understand the factors that can impact its price. ProShares UltraPro appears to be very steady, given 3 months investment horizon. ProShares UltraPro Short maintains Sharpe Ratio (i.e., Efficiency) of 0.19, which implies the entity had a 0.19% return per unit of risk over the last 3 months. By analyzing ProShares UltraPro's technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please evaluate ProShares UltraPro's Semi Deviation of 2.07, risk adjusted performance of 0.1615, and Coefficient Of Variation of 512.54 to confirm if our risk estimates are consistent with your expectations.
  
ProShares Etf price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.1877

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Estimated Market Risk

 2.64
  actual daily
23
77% of assets are more volatile

Expected Return

 0.5
  actual daily
9
91% of assets have higher returns

Risk-Adjusted Return

 0.19
  actual daily
14
86% of assets perform better
Based on monthly moving average ProShares UltraPro is performing at about 14% 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 UltraPro by adding it to a well-diversified portfolio.
Average Mkt Cap Mil
USD -
Market Capitalisation
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ProShares UltraPro Valuation on August 31, 2023

It is possible to determine the worth of ProShares UltraPro on a given historical date. On August 31, 2023 ProShares was worth 68.09 at the beginning of the trading date compared to the closed value of 67.91. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of ProShares UltraPro etf. Still, in general, we apply an absolute valuation method to find ProShares UltraPro'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 UltraPro where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against ProShares UltraPro's related companies.
 Open High Low Close Volume
  68.64    69.12    68.29    68.61    13,679  
08/31/2023
  68.09    68.48    67.13    67.91    25,833  
  69.12    71.16    69.12    71.05    21,103  
Backtest ProShares UltraPro  |  ProShares UltraPro History  |  ProShares UltraPro Valuation PreviousNext  
Open Value
68.09
67.91
Closing Value
76.01
Upside

ProShares UltraPro Trading Date Momentum on August 31, 2023

On September 01 2023 ProShares UltraPro Short was traded for  71.05  at the closing time. Highest ProShares UltraPro's price during the trading hours was 71.16  and the lowest price during the day was  69.12 . The net volume was 21.1 K. The overall trading history on the 1st of September contributed to the next trading period price appreciation. The trading price change to the next next day price was 4.62% . The trading delta at closing time to current price is 8.64% .
JavaScript chart by amCharts 3.21.1508/31/2023Aug 21Aug 23Aug 25Aug 27Aug 29Aug 31SepSep 04Sep 06Sep 086870727476

ProShares UltraPro Short Fundamentals Correlations and Trends

By evaluating ProShares UltraPro'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 UltraPro'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 UltraPro Etf history

ProShares UltraPro 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 UltraPro Short 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 UltraPro stock prices may prove useful in developing a viable investing in ProShares UltraPro
The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the funds investment objective. Ultrapro Short is traded on NYSEARCA Exchange in the United States.

ProShares UltraPro Etf Technical Analysis

ProShares UltraPro 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.
A focus of ProShares UltraPro technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of ProShares UltraPro trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

ProShares UltraPro Period Price Range

Low
December 22, 2024
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High

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ProShares UltraPro Short 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 UltraPro December 22, 2024 Market Strength

Market strength indicators help investors to evaluate how ProShares UltraPro 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 UltraPro shares will generate the highest return on investment. By undertsting and applying ProShares UltraPro etf market strength indicators, traders can identify ProShares UltraPro Short entry and exit signals to maximize returns

ProShares UltraPro Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for ProShares UltraPro'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.
When determining whether ProShares UltraPro Short is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if ProShares Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Proshares Ultrapro Short Etf. Highlighted below are key reports to facilitate an investment decision about Proshares Ultrapro Short Etf:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ProShares UltraPro Short. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in estimate.
You can also try the Stocks Directory module to find actively traded stocks across global markets.
The market value of ProShares UltraPro Short 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 UltraPro's value that differs from its market value or its book value, called intrinsic value, which is ProShares UltraPro'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 UltraPro's market value can be influenced by many factors that don't directly affect ProShares UltraPro'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 UltraPro's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares UltraPro is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares UltraPro'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.