Proshares Ultra Russell2000 Etf Technical Analysis
| UWM Etf | USD 49.77 0.75 1.48% |
As of the 4th of December, ProShares Ultra holds the Semi Deviation of 1.97, risk adjusted performance of 0.0856, and Coefficient Of Variation of 971.32. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of ProShares Ultra, as well as the relationship between them. Please check ProShares Ultra Russ variance and potential upside to decide if ProShares Ultra Russ is priced some-what accurately, providing market reflects its current price of 49.77 per share.
ProShares Ultra Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as ProShares, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ProSharesProShares |
ProShares Ultra 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.
ProShares Ultra Russ Technical Analysis
The output start index for this execution was fourteen with a total number of output elements of fourty-seven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of ProShares Ultra Russ volatility. High ATR values indicate high volatility, and low values indicate low volatility.
ProShares Ultra Russ Trend Analysis
Use this graph to draw trend lines for ProShares Ultra Russell2000. You can use it to identify possible trend reversals for ProShares Ultra as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual ProShares Ultra price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.ProShares Ultra Best Fit Change Line
The following chart estimates an ordinary least squares regression model for ProShares Ultra Russell2000 applied against its price change over selected period. The best fit line has a slop of 0.16 , which may imply that ProShares Ultra Russell2000 will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 958.48, which is the sum of squared deviations for the predicted ProShares Ultra price change compared to its average price change.About ProShares Ultra Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of ProShares Ultra Russell2000 on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of ProShares Ultra Russell2000 based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on ProShares Ultra Russ price pattern first instead of the macroeconomic environment surrounding ProShares Ultra Russ. By analyzing ProShares Ultra's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of ProShares Ultra's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to ProShares Ultra specific price patterns or momentum indicators. Please read more on our technical analysis page.
ProShares Ultra December 4, 2024 Technical Indicators
Most technical analysis of ProShares help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for ProShares from various momentum indicators to cycle indicators. When you analyze ProShares charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Math Transform | ||
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| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
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| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0856 | |||
| Market Risk Adjusted Performance | 0.0963 | |||
| Mean Deviation | 1.82 | |||
| Semi Deviation | 1.97 | |||
| Downside Deviation | 2.17 | |||
| Coefficient Of Variation | 971.32 | |||
| Standard Deviation | 2.59 | |||
| Variance | 6.7 | |||
| Information Ratio | 0.0592 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.0705 | |||
| Treynor Ratio | 0.0863 | |||
| Maximum Drawdown | 15.09 | |||
| Value At Risk | (3.29) | |||
| Potential Upside | 4.14 | |||
| Downside Variance | 4.72 | |||
| Semi Variance | 3.89 | |||
| Expected Short fall | (2.03) | |||
| Skewness | 1.13 | |||
| Kurtosis | 4.56 |
ProShares Ultra Russ One Year Return
Based on the recorded statements, ProShares Ultra Russell2000 has an One Year Return of 67%. This is 495.17% lower than that of the ProShares family and notably higher than that of the Trading--Leveraged Equity category. The one year return for all United States etfs is notably lower than that of the firm.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ProShares Ultra Russell2000. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in housing. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
The market value of ProShares Ultra Russ 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 Ultra's value that differs from its market value or its book value, called intrinsic value, which is ProShares Ultra'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 Ultra's market value can be influenced by many factors that don't directly affect ProShares Ultra'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 Ultra's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares Ultra is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares Ultra'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.