ProShares UltraPro Valuation
| URTY Etf | USD 37.70 1.33 3.41% |
At this time, the etf appears to be overvalued. ProShares UltraPro holds a recent Real Value of $35.18 per share. The prevailing price of the etf is $37.7. Our model determines the value of ProShares UltraPro from analyzing the etf fundamentals such as Price To Earning of 21.74 X, total asset of 174.63 M, and Number Of Employees of 154 as well as examining its technical indicators and probability of bankruptcy.
Overvalued
Today
Please note that ProShares UltraPro's price fluctuation is very steady at this time. Calculation of the real value of ProShares UltraPro is based on 3 months time horizon. Increasing ProShares UltraPro's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
Since ProShares UltraPro is currently traded on the exchange, buyers and sellers on that exchange determine the market value of ProShares Etf. However, ProShares UltraPro's 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 37.7 | Real 35.18 | Hype 34.91 | Naive 42.0 |
The intrinsic value of ProShares UltraPro's 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, news, and other external factors that may influence ProShares UltraPro's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of ProShares UltraPro Russell2000 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 UltraPro more accurately as focusing exclusively on ProShares UltraPro's fundamentals will not take into account other important factors: About ProShares UltraPro Valuation
Our relative valuation model uses a comparative analysis of ProShares UltraPro. We calculate exposure to ProShares UltraPro's market risk, different technical and fundamental indicators, and relevant financial multiples and ratios and then compare them to those of ProShares UltraPro's related companies.The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the funds investment objective. Ultrapro Russell is traded on NYSEARCA Exchange in the United States.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ProShares UltraPro 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 estimate. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
The market value of ProShares UltraPro 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 UltraPro's value that differs from its market value or its book value, called intrinsic value, which is ProShares UltraPro'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 UltraPro's market value can be influenced by many factors that don't directly affect ProShares UltraPro'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 UltraPro's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares UltraPro is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares UltraPro'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.