ProShares Valuation
| OND Etf | USD 33.94 0.12 0.35% |
At this time, the etf appears to be fairly valued. ProShares On Demand holds a recent Real Value of $34.03 per share. The prevailing price of the etf is $33.94. Our model determines the value of ProShares On Demand from analyzing the etf fundamentals such as Equity Positions Weight of 99.88 %, beta of 1.35, and Net Asset of 896.26 K as well as examining its technical indicators and probability of bankruptcy.
Fairly Valued
Today
Please note that ProShares' price fluctuation is very steady at this time. Calculation of the real value of ProShares On Demand is based on 3 months time horizon. Increasing ProShares' time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
The fair value of the ProShares etf is determined by what a typical buyer is willing to pay for full or partial control of ProShares On Demand ETF. Since ProShares is currently traded on the exchange, buyers and sellers on that exchange determine the market value of ProShares Etf. However, ProShares' intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 33.94 | Real 34.03 | Hype 33.93 | Naive 35.3 |
The real value of ProShares Etf, also known as its intrinsic value, is the underlying worth of ProShares On Demand ETF, which is reflected in its stock price. It is based on ProShares' financial performance, growth prospects, management team, or industry conditions. The intrinsic value of ProShares' stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, or news.
Estimating the potential upside or downside of ProShares On Demand ETF helps investors to forecast how ProShares etf's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of ProShares more accurately as focusing exclusively on ProShares' fundamentals will not take into account other important factors: Please note that valuation analysis is one of the essential comprehensive assessments in business. It evaluates ProShares' worth, which you can determine by considering its current assets, liabilities and future cash flows. The investors' valuation analysis is an important metric that will give you a perspective on different companies. It helps you know the worth of the potential investment in ProShares and how it compares across the competition.
About ProShares Valuation
The etf valuation mechanism determines ProShares' current worth on a weekly basis. Our valuation model uses a comparative analysis of ProShares. We calculate exposure to ProShares's market risk, different technical and fundamental indicators, and relevant financial multiples and ratios and then compare them to those of ProShares's related companies.The index includes companies whose principal business is the provision of platforms and services for on-demand access to lifestyle needs including digital media, egaming, fitness, food delivery, ridesharing, or virtual reality experiences, as determined by the index methodology. Proshares On-Demand is traded on NYSEARCA Exchange in the United States.
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in ProShares On Demand ETF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
The market value of ProShares On Demand 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.