Proshares Ultrapro Short Etf Current Valuation
| SQQQ Etf | USD 28.93 0.64 2.16% |
Valuation analysis of ProShares UltraPro Short helps investors to measure ProShares UltraPro's intrinsic value by examining its available valuation indicators, including the cash flow records, the balance sheet account changes and income statement patterns.
Overvalued
Today
Please note that ProShares UltraPro's price fluctuation is very steady at this time. Calculation of the real value of ProShares UltraPro Short is based on 3 months time horizon. Increasing ProShares UltraPro's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
ProShares UltraPro's intrinsic value may or may not be the same as its current market price of 28.93, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 28.93 | Real 27.66 | Hype 28.81 |
The intrinsic value of ProShares UltraPro's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence ProShares UltraPro's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of ProShares UltraPro Short helps investors to forecast how ProShares etf's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of ProShares UltraPro more accurately as focusing exclusively on ProShares UltraPro's fundamentals will not take into account other important factors: ProShares UltraPro Short ETF Current Valuation Analysis
ProShares UltraPro's Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
| Competition |
In accordance with the recently published financial statements, ProShares UltraPro Short has a Current Valuation of 0.0. This indicator is about the same for the ProShares average (which is currently at 0.0) family and about the same as Trading--Inverse Equity (which currently averages 0.0) category. This indicator is about the same for all United States etfs average (which is currently at 0.0).
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ProShares Fundamentals
| Number Of Employees | 154 | |||
| Beta | -3.51 | |||
| Total Asset | 5.13 B | |||
| One Year Return | (57.20) % | |||
| Three Year Return | (39.60) % | |||
| Five Year Return | (59.50) % | |||
| Ten Year Return | (52.70) % | |||
| Net Asset | 5.13 B | |||
| Last Dividend Paid | 0.0667 | |||
| Equity Positions Weight | (300.04) % |
About ProShares UltraPro Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze ProShares UltraPro Short's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ProShares UltraPro using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ProShares UltraPro Short based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with ProShares UltraPro
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ProShares UltraPro position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ProShares UltraPro will appreciate offsetting losses from the drop in the long position's value.Moving together with ProShares Etf
| 0.97 | SH | ProShares Short SP500 | PairCorr |
| 0.94 | PSQ | ProShares Short QQQ | PairCorr |
| 0.97 | SPXU | ProShares UltraPro Short | PairCorr |
| 0.97 | SDS | ProShares UltraShort Aggressive Push | PairCorr |
| 0.97 | SPXS | Direxion Daily SP Aggressive Push | PairCorr |
Moving against ProShares Etf
| 0.87 | GBTC | Grayscale Bitcoin Trust | PairCorr |
| 0.85 | ATMP | Barclays ETN Select | PairCorr |
| 0.75 | AMZA | InfraCap MLP ETF | PairCorr |
| 0.74 | SGG | Barclays Capital | PairCorr |
| 0.68 | MLPR | ETRACS Quarterly Pay | PairCorr |
The ability to find closely correlated positions to ProShares UltraPro could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ProShares UltraPro when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ProShares UltraPro - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ProShares UltraPro Short to buy it.
The correlation of ProShares UltraPro is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ProShares UltraPro moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ProShares UltraPro Short moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ProShares UltraPro can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out ProShares UltraPro Piotroski F Score and ProShares UltraPro Altman Z Score analysis. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple 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.