Proshares Sp 500 Etf Market Value

SPXN Etf  USD 64.12  0.46  0.72%   
ProShares' market value is the price at which a share of ProShares trades on a public exchange. It measures the collective expectations of ProShares SP 500 investors about its performance. ProShares is selling at 64.12 as of the 7th of January 2025; that is 0.72 percent increase since the beginning of the trading day. The etf's open price was 63.66.
With this module, you can estimate the performance of a buy and hold strategy of ProShares SP 500 and determine expected loss or profit from investing in ProShares over a given investment horizon. Check out ProShares Correlation, ProShares Volatility and ProShares Alpha and Beta module to complement your research on ProShares.
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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.
0.00
05/12/2024
No Change 0.00  0.0 
In 7 months and 29 days
01/07/2025
0.00
If you would invest  0.00  in ProShares on May 12, 2024 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 240 days. ProShares is related to or competes with ProShares, ProShares, ProShares, ProShares Ultra, and ProShares. Under normal circumstances, the fund will invest at least 80 percent of its total assets in component securities of the ... 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.

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.
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.
Hype
Prediction
LowEstimatedHigh
63.3464.1264.90
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Intrinsic
Valuation
LowRealHigh
63.0863.8664.64
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ProShares SP 500 Backtested Returns

As of now, ProShares Etf is very steady. ProShares SP 500 maintains Sharpe Ratio (i.e., Efficiency) of 0.069, which implies the entity had a 0.069% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for ProShares SP 500, which you can use to evaluate the volatility of the etf. Please check ProShares' Coefficient Of Variation of 1448.61, semi deviation of 0.7987, and Risk Adjusted Performance of 0.0556 to confirm if the risk estimate we provide is consistent with the expected return of 0.0542%. The etf holds a Beta of 0.66, which implies possible diversification benefits within a given portfolio. 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

    
  0.39  

Below average predictability

ProShares SP 500 has below average predictability. Overlapping area represents the amount of predictability between ProShares time series from 12th of May 2024 to 9th of September 2024 and 9th of September 2024 to 7th 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 0.39 indicates that just about 39.0% of current ProShares price fluctuation can be explain by its past prices.
Correlation Coefficient0.39
Spearman Rank Test0.31
Residual Average0.0
Price Variance2.52

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 autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting ProShares' etf expected returns. We can calculate the autocorrelation of ProShares returns to help us make a trade decision. For example, suppose you find that ProShares 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 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 etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ProShares etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ProShares etf over time.
   Current vs Lagged Prices   
       Timeline  

ProShares Lagged Returns

When evaluating ProShares' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ProShares etf have on its future price. ProShares 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 autocorrelation shows the relationship between ProShares etf current value and its past values and can show if there is a momentum factor associated with investing in ProShares SP 500.
   Regressed Prices   
       Timeline  

Pair Trading with ProShares

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 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 will appreciate offsetting losses from the drop in the long position's value.

Moving together with ProShares Etf

  0.72VTI Vanguard Total StockPairCorr
  0.72SPY SPDR SP 500PairCorr
  0.72IVV iShares Core SPPairCorr
  0.62VIG Vanguard Dividend Sell-off TrendPairCorr
  0.88VV Vanguard Large CapPairCorr

Moving against ProShares Etf

  0.34URNM Sprott Uranium MinersPairCorr
The ability to find closely correlated positions to ProShares 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 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 - 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 SP 500 to buy it.
The correlation of ProShares 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 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ProShares SP 500 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 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.
Pair CorrelationCorrelation Matching
When determining whether ProShares SP 500 is a strong investment it is important to analyze ProShares' 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' future performance. For an informed investment choice regarding ProShares Etf, refer to the following important reports:
Check out ProShares Correlation, ProShares Volatility and ProShares Alpha and Beta module to complement your research on ProShares.
You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
ProShares 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 technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of ProShares 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...