Proshares Smart Materials Etf Market Value
| TINT Etf | USD 30.09 0.74 2.52% |
| Symbol | ProShares |
The market value of ProShares Smart Materials 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 Smart's value that differs from its market value or its book value, called intrinsic value, which is ProShares Smart'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 Smart's market value can be influenced by many factors that don't directly affect ProShares Smart'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 Smart's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares Smart is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares Smart'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 Smart '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 Smart'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 Smart.
| 12/14/2024 |
| 03/14/2025 |
If you would invest 0.00 in ProShares Smart on December 14, 2024 and sell it all today you would earn a total of 0.00 from holding ProShares Smart Materials or generate 0.0% return on investment in ProShares Smart over 90 days. ProShares Smart is related to or competes with Freedom Day, IShares MSCI, Tidal Trust, IShares Dividend, SmartETFs Dividend, Listed Funds, and Martin Currie. The index selects companies focused on making or applying industrial innovations which allow for improved products, proc... More
ProShares Smart 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 Smart'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 Smart Materials upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0668 | |||
| Maximum Drawdown | 5.63 | |||
| Value At Risk | (2.34) | |||
| Potential Upside | 1.73 |
ProShares Smart Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ProShares Smart's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ProShares Smart's standard deviation. In reality, there are many statistical measures that can use ProShares Smart historical prices to predict the future ProShares Smart's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | 0.138 | |||
| Treynor Ratio | (0.34) |
ProShares Smart Materials Backtested Returns
ProShares Smart Materials maintains Sharpe Ratio (i.e., Efficiency) of close to zero, which implies the entity had a close to zero % return per unit of risk over the last 3 months. ProShares Smart Materials exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check ProShares Smart's Variance of 1.42, risk adjusted performance of (0.03), and Coefficient Of Variation of (2,261) to confirm the risk estimate we provide. The etf holds a Beta of 0.18, which implies not very significant fluctuations relative to the market. As returns on the market increase, ProShares Smart's returns are expected to increase less than the market. However, during the bear market, the loss of holding ProShares Smart is expected to be smaller as well.
Auto-correlation | -0.5 |
Modest reverse predictability
ProShares Smart Materials has modest reverse predictability. Overlapping area represents the amount of predictability between ProShares Smart time series from 14th of December 2024 to 28th of January 2025 and 28th of January 2025 to 14th of March 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 Smart Materials price movement. The serial correlation of -0.5 indicates that about 50.0% of current ProShares Smart price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.5 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
ProShares Smart Materials lagged returns against current returns
Autocorrelation, which is ProShares Smart 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 Smart's etf expected returns. We can calculate the autocorrelation of ProShares Smart returns to help us make a trade decision. For example, suppose you find that ProShares Smart 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 Smart 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 Smart etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ProShares Smart etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ProShares Smart etf over time.
Current vs Lagged Prices |
| Timeline |
ProShares Smart Lagged Returns
When evaluating ProShares Smart's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ProShares Smart etf have on its future price. ProShares Smart 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 Smart autocorrelation shows the relationship between ProShares Smart etf current value and its past values and can show if there is a momentum factor associated with investing in ProShares Smart Materials.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out ProShares Smart Correlation, ProShares Smart Volatility and ProShares Smart Alpha and Beta module to complement your research on ProShares Smart. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
ProShares Smart 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.