Proshares Inflation Expectations Etf Market Value
| RINF Etf | USD 33.02 0.13 0.39% |
| Symbol | ProShares |
The market value of ProShares Inflation 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 Inflation's value that differs from its market value or its book value, called intrinsic value, which is ProShares Inflation'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 Inflation's market value can be influenced by many factors that don't directly affect ProShares Inflation'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 Inflation's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares Inflation is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares Inflation'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 Inflation '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 Inflation'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 Inflation.
| 04/21/2024 |
| 12/17/2024 |
If you would invest 0.00 in ProShares Inflation on April 21, 2024 and sell it all today you would earn a total of 0.00 from holding ProShares Inflation Expectations or generate 0.0% return on investment in ProShares Inflation over 240 days. ProShares Inflation is related to or competes with SPDR SSgA, ProShares Hedge, ProShares Short, ProShares Merger, and ProShares Ultra. Under normal circumstances, the fund will invest at least 80 percent of its total assets in component securities of the ... More
ProShares Inflation 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 Inflation'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 Inflation Expectations upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4699 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 2.93 | |||
| Value At Risk | (0.84) | |||
| Potential Upside | 0.7561 |
ProShares Inflation Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ProShares Inflation's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ProShares Inflation's standard deviation. In reality, there are many statistical measures that can use ProShares Inflation historical prices to predict the future ProShares Inflation's volatility.| Risk Adjusted Performance | 0.1165 | |||
| Jensen Alpha | 0.0502 | |||
| Total Risk Alpha | 0.0203 | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.2718 |
ProShares Inflation Backtested Returns
At this point, ProShares Inflation is very steady. ProShares Inflation maintains Sharpe Ratio (i.e., Efficiency) of 0.15, which implies the entity had a 0.15% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for ProShares Inflation, which you can use to evaluate the volatility of the etf. Please check ProShares Inflation's Risk Adjusted Performance of 0.1165, coefficient of variation of 592.42, and Semi Deviation of 0.3104 to confirm if the risk estimate we provide is consistent with the expected return of 0.0701%. The etf holds a Beta of 0.26, which implies not very significant fluctuations relative to the market. As returns on the market increase, ProShares Inflation's returns are expected to increase less than the market. However, during the bear market, the loss of holding ProShares Inflation is expected to be smaller as well.
Auto-correlation | -0.28 |
Weak reverse predictability
ProShares Inflation Expectations has weak reverse predictability. Overlapping area represents the amount of predictability between ProShares Inflation time series from 21st of April 2024 to 19th of August 2024 and 19th of August 2024 to 17th 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 Inflation price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current ProShares Inflation price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.47 |
ProShares Inflation lagged returns against current returns
Autocorrelation, which is ProShares Inflation 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 Inflation's etf expected returns. We can calculate the autocorrelation of ProShares Inflation returns to help us make a trade decision. For example, suppose you find that ProShares Inflation 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 Inflation 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 Inflation etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ProShares Inflation etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ProShares Inflation etf over time.
Current vs Lagged Prices |
| Timeline |
ProShares Inflation Lagged Returns
When evaluating ProShares Inflation's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ProShares Inflation etf have on its future price. ProShares Inflation 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 Inflation autocorrelation shows the relationship between ProShares Inflation etf current value and its past values and can show if there is a momentum factor associated with investing in ProShares Inflation Expectations.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether ProShares Inflation is a strong investment it is important to analyze ProShares Inflation'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 Inflation's future performance. For an informed investment choice regarding ProShares Etf, refer to the following important reports:Check out ProShares Inflation Correlation, ProShares Inflation Volatility and ProShares Inflation Alpha and Beta module to complement your research on ProShares Inflation. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
ProShares Inflation 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.