Proshares Ultra 7 10 Etf Market Value
| UST Etf | USD 42.89 0.33 0.78% |
| Symbol | UST |
The market value of ProShares Ultra 7 is measured differently than its book value, which is the value of UST that is recorded on the company's balance sheet. Investors also form their own opinion of UST Inc's value that differs from its market value or its book value, called intrinsic value, which is UST Inc'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 UST Inc's market value can be influenced by many factors that don't directly affect UST Inc'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 UST Inc's value and its price as these two are different measures arrived at by different means. Investors typically determine if UST Inc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, UST Inc'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.
UST Inc '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 UST Inc'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 UST Inc.
| 12/14/2024 |
| 03/14/2025 |
If you would invest 0.00 in UST Inc on December 14, 2024 and sell it all today you would earn a total of 0.00 from holding ProShares Ultra 7 10 or generate 0.0% return on investment in UST Inc over 90 days. UST Inc is related to or competes with ProShares Ultra, Universal, Direxion Daily, ProShares UltraShort, and Waters. The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns ... More
UST Inc 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 UST Inc'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 Ultra 7 10 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7901 | |||
| Information Ratio | 0.2204 | |||
| Maximum Drawdown | 3.54 | |||
| Value At Risk | (1.46) | |||
| Potential Upside | 1.6 |
UST Inc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for UST Inc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as UST Inc's standard deviation. In reality, there are many statistical measures that can use UST Inc historical prices to predict the future UST Inc's volatility.| Risk Adjusted Performance | 0.0572 | |||
| Jensen Alpha | 0.058 | |||
| Total Risk Alpha | 0.194 | |||
| Sortino Ratio | 0.2412 | |||
| Treynor Ratio | 0.7071 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of UST Inc's 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 Ultra 7 Backtested Returns
Currently, ProShares Ultra 7 10 is very steady. ProShares Ultra 7 owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0674, which indicates the etf had a 0.0674 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for ProShares Ultra 7 10, which you can use to evaluate the volatility of the etf. Please validate UST Inc's market risk adjusted performance of 0.7171, and Risk Adjusted Performance of 0.0572 to confirm if the risk estimate we provide is consistent with the expected return of 0.0583%. The entity has a beta of 0.0683, which indicates not very significant fluctuations relative to the market. As returns on the market increase, UST Inc's returns are expected to increase less than the market. However, during the bear market, the loss of holding UST Inc is expected to be smaller as well.
Auto-correlation | -0.05 |
Very weak reverse predictability
ProShares Ultra 7 10 has very weak reverse predictability. Overlapping area represents the amount of predictability between UST Inc 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 Ultra 7 price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current UST Inc price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.65 |
ProShares Ultra 7 lagged returns against current returns
Autocorrelation, which is UST Inc 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 UST Inc's etf expected returns. We can calculate the autocorrelation of UST Inc returns to help us make a trade decision. For example, suppose you find that UST Inc 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 |
UST Inc 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 UST Inc etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if UST Inc etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in UST Inc etf over time.
Current vs Lagged Prices |
| Timeline |
UST Inc Lagged Returns
When evaluating UST Inc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of UST Inc etf have on its future price. UST Inc 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, UST Inc autocorrelation shows the relationship between UST Inc etf current value and its past values and can show if there is a momentum factor associated with investing in ProShares Ultra 7 10.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Check out UST Inc Correlation, UST Inc Volatility and UST Inc Alpha and Beta module to complement your research on UST Inc. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
UST Inc 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.