ProShares UltraShort Etf Forecast - Accumulation Distribution
| EUO Etf | USD 31.26 0.19 0.60% |
ProShares Etf Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast ProShares UltraShort stock prices and determine the direction of ProShares UltraShort Euro's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of ProShares UltraShort's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of ProShares UltraShort to cross-verify your projections. ProShares |
Open Interest Against 2024-05-17 ProShares Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast ProShares UltraShort's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in ProShares UltraShort's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for ProShares UltraShort stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current ProShares UltraShort's open interest, investors have to compare it to ProShares UltraShort's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of ProShares UltraShort is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in ProShares. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in ProShares UltraShort cannot accurately predict what will happen the next trading day because, historically, etf markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the ProShares UltraShort's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets ProShares UltraShort's price structures and extracts relationships that further increase the generated results' accuracy.
The accumulation distribution (A/D) indicator shows the degree to which ProShares UltraShort is accumulated by the market over a given period. It uses the quote sensitivity to the highest or lowest daily price of ProShares UltraShort Euro to determine if accumulation or reduction is taking place in the market. This value is adjusted by ProShares UltraShort trading volume to give more weight to distributions with higher volume over lower volume.| Previous Accumulation Distribution | Accumulation Distribution | Trend |
| 86.98 | 0.0045 |
| Check ProShares UltraShort Volatility | Backtest ProShares UltraShort | Information Ratio |
ProShares UltraShort Trading Date Momentum
| On May 05 2024 ProShares UltraShort Euro was traded for 31.26 at the closing time. Highest ProShares UltraShort's price during the trading hours was 31.26 and the lowest price during the day was 31.12 . There was no trading activity during the period 0.0. Lack of trading volume on the 5th of May did not cause price change. The trading delta at closing time to current price is 0.45% . |
Accumulation distribution indicator can signal that a trend is either nearing completion, at a continuation, or is about to break-outs. The actual value of this indicator is of no significance. What is significant is the change in value of over time. The formula for A/D of a given trading day can be expressed as follow: ((Close - Low) - (High - Close)) / (High - Low) X Volume
| Compare ProShares UltraShort to competition |
Other Forecasting Options for ProShares UltraShort
For every potential investor in ProShares, whether a beginner or expert, ProShares UltraShort's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. ProShares Etf price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in ProShares. Basic forecasting techniques help filter out the noise by identifying ProShares UltraShort's price trends.ProShares UltraShort Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with ProShares UltraShort etf to make a market-neutral strategy. Peer analysis of ProShares UltraShort could also be used in its relative valuation, which is a method of valuing ProShares UltraShort by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
ProShares UltraShort Euro Technical and Predictive Analytics
The etf market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of ProShares UltraShort's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of ProShares UltraShort's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
ProShares UltraShort Market Strength Events
Market strength indicators help investors to evaluate how ProShares UltraShort etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ProShares UltraShort shares will generate the highest return on investment. By undertsting and applying ProShares UltraShort etf market strength indicators, traders can identify ProShares UltraShort Euro entry and exit signals to maximize returns.
ProShares UltraShort Risk Indicators
The analysis of ProShares UltraShort's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in ProShares UltraShort's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting proshares etf prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 0.5164 | |||
| Semi Deviation | 0.5511 | |||
| Standard Deviation | 0.6941 | |||
| Variance | 0.4818 | |||
| Downside Variance | 0.3864 | |||
| Semi Variance | 0.3037 | |||
| Expected Short fall | (0.55) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Pair Trading with ProShares UltraShort
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ProShares UltraShort position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ProShares UltraShort will appreciate offsetting losses from the drop in the long position's value.Moving together with ProShares Etf
| 0.93 | UUP | Invesco DB Dollar | PairCorr |
Moving against ProShares Etf
| 0.98 | UDN | Invesco DB Dollar | PairCorr |
| 0.82 | BND | Vanguard Total Bond | PairCorr |
| 0.68 | CEFD | ETRACS Monthly Pay | PairCorr |
The ability to find closely correlated positions to ProShares UltraShort could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ProShares UltraShort when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ProShares UltraShort - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ProShares UltraShort Euro to buy it.
The correlation of ProShares UltraShort is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ProShares UltraShort moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ProShares UltraShort Euro moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ProShares UltraShort can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Historical Fundamental Analysis of ProShares UltraShort to cross-verify your projections. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
The market value of ProShares UltraShort Euro 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 UltraShort's value that differs from its market value or its book value, called intrinsic value, which is ProShares UltraShort'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 UltraShort's market value can be influenced by many factors that don't directly affect ProShares UltraShort'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 UltraShort's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares UltraShort is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares UltraShort'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.