Proshares Short Msci Etf Market Value
| EFZ Etf | USD 16.40 0.04 0.24% |
| Symbol | ProShares |
The market value of ProShares Short MSCI 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 Short's value that differs from its market value or its book value, called intrinsic value, which is ProShares Short'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 Short's market value can be influenced by many factors that don't directly affect ProShares Short'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 Short's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares Short is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares Short'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.
ProShares Short 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to ProShares Short's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of ProShares Short.
| 12/27/2022 |
| 12/16/2024 |
If you would invest 0.00 in ProShares Short on December 27, 2022 and sell it all today you would earn a total of 0.00 from holding ProShares Short MSCI or generate 0.0% return on investment in ProShares Short over 720 days. ProShares Short is related to or competes with ProShares UltraShort, and ProShares UltraShort. The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns ... More
ProShares Short Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure ProShares Short's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess ProShares Short MSCI upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8281 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 3.22 | |||
| Value At Risk | (1.27) | |||
| Potential Upside | 1.44 |
ProShares Short Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ProShares Short's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ProShares Short's standard deviation. In reality, there are many statistical measures that can use ProShares Short historical prices to predict the future ProShares Short's volatility.| Risk Adjusted Performance | 0.0677 | |||
| Jensen Alpha | 0.0924 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.20) |
ProShares Short MSCI Backtested Returns
At this stage we consider ProShares Etf to be very steady. ProShares Short MSCI maintains Sharpe Ratio (i.e., Efficiency) of 0.0991, which implies the entity had a 0.0991% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for ProShares Short MSCI, which you can use to evaluate the volatility of the etf. Please check ProShares Short's Semi Deviation of 0.7109, coefficient of variation of 1086.57, and Risk Adjusted Performance of 0.0677 to confirm if the risk estimate we provide is consistent with the expected return of 0.0804%. The etf holds a Beta of -0.31, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning ProShares Short are expected to decrease at a much lower rate. During the bear market, ProShares Short is likely to outperform the market.
Auto-correlation | -0.16 |
Insignificant reverse predictability
ProShares Short MSCI has insignificant reverse predictability. Overlapping area represents the amount of predictability between ProShares Short time series from 27th of December 2022 to 22nd of December 2023 and 22nd of December 2023 to 16th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of ProShares Short MSCI price movement. The serial correlation of -0.16 indicates that over 16.0% of current ProShares Short price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
ProShares Short MSCI lagged returns against current returns
Autocorrelation, which is ProShares Short etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting ProShares Short's etf expected returns. We can calculate the autocorrelation of ProShares Short returns to help us make a trade decision. For example, suppose you find that ProShares Short has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
ProShares Short regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If ProShares Short etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ProShares Short etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ProShares Short etf over time.
Current vs Lagged Prices |
| Timeline |
ProShares Short Lagged Returns
When evaluating ProShares Short's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ProShares Short etf have on its future price. ProShares Short autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, ProShares Short autocorrelation shows the relationship between ProShares Short etf current value and its past values and can show if there is a momentum factor associated with investing in ProShares Short MSCI.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether ProShares Short MSCI is a strong investment it is important to analyze ProShares Short's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ProShares Short's future performance. For an informed investment choice regarding ProShares Etf, refer to the following important reports:Check out ProShares Short Correlation, ProShares Short Volatility and ProShares Short Alpha and Beta module to complement your research on ProShares Short. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
ProShares Short 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.