Proshares Sp 500 Etf Market Value
| SPXE Etf | USD 63.27 0.43 0.68% |
| Symbol | ProShares |
The market value of ProShares SP 500 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' value that differs from its market value or its book value, called intrinsic value, which is ProShares' 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' market value can be influenced by many factors that don't directly affect ProShares' 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' value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares' 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 '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' 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.
| 12/08/2023 |
| 01/01/2025 |
If you would invest 0.00 in ProShares on December 8, 2023 and sell it all today you would earn a total of 0.00 from holding ProShares SP 500 or generate 0.0% return on investment in ProShares over 390 days. ProShares is related to or competes with ProShares, ProShares, ProShares, ProShares Ultra, and Invesco SP. Under normal circumstances, the fund will invest at least 80 percent of its total assets in component securities More
ProShares 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' 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 SP 500 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8751 | |||
| Information Ratio | 0.047 | |||
| Maximum Drawdown | 5.24 | |||
| Value At Risk | (1.20) | |||
| Potential Upside | 0.9787 |
ProShares Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ProShares' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ProShares' standard deviation. In reality, there are many statistical measures that can use ProShares historical prices to predict the future ProShares' volatility.| Risk Adjusted Performance | 0.0487 | |||
| Jensen Alpha | 0.0368 | |||
| Total Risk Alpha | 0.0361 | |||
| Sortino Ratio | 0.0412 | |||
| Treynor Ratio | 0.2827 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ProShares' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
ProShares SP 500 Backtested Returns
At this point, ProShares is very steady. ProShares SP 500 maintains Sharpe Ratio (i.e., Efficiency) of 0.084, which implies the entity had a 0.084% return per unit of risk over the last 3 months. We have found thirty technical indicators for ProShares SP 500, which you can use to evaluate the volatility of the etf. Please check ProShares' Semi Deviation of 0.7707, risk adjusted performance of 0.0487, and Coefficient Of Variation of 1636.48 to confirm if the risk estimate we provide is consistent with the expected return of 0.0654%. The etf holds a Beta of 0.13, which implies not very significant fluctuations relative to the market. As returns on the market increase, ProShares' returns are expected to increase less than the market. However, during the bear market, the loss of holding ProShares is expected to be smaller as well.
Auto-correlation | 0.78 |
Good predictability
ProShares SP 500 has good predictability. Overlapping area represents the amount of predictability between ProShares time series from 8th of December 2023 to 20th of June 2024 and 20th of June 2024 to 1st of January 2025. 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 SP 500 price movement. The serial correlation of 0.78 indicates that around 78.0% of current ProShares price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 6.49 |
ProShares SP 500 lagged returns against current returns
Autocorrelation, which is ProShares 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