Proshares Trust Etf Buy Hold or Sell Recommendation
| BITI Etf | USD 7.22 0.10 1.40% |
Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding ProShares Trust is 'Strong Sell'. The recommendation algorithm takes into account all of ProShares Trust's available fundamental, technical, and predictive indicators you will find on this site.
Check out ProShares Trust Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. For more detail on how to invest in ProShares Etf please use our How to Invest in ProShares Trust guide. Note, we conduct extensive research on individual funds such as ProShares and provide practical buy, sell, or hold recommendation based on investors' investing horizon and their risk tolerance towards ProShares Trust . 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.
ProShares |
Execute ProShares Trust Buy or Sell Advice
The ProShares recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on ProShares Trust . Macroaxis does not own or have any residual interests in ProShares Trust or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute ProShares Trust's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | Very Weak | Details | |
Volatility | Slightly risky | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Very regressive towards the market | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Not Available | Details |
ProShares Trust Trading Alerts and Improvement Suggestions
| ProShares Trust had very high historical volatility over the last 90 days | |
| The company reported the previous year's revenue of 3.74 M. Net Loss for the year was (28.32 M) with profit before overhead, payroll, taxes, and interest of 3.74 M. | |
| ProShares Trust currently holds about 46.76 M in cash with (30.26 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 6.23. | |
| Latest headline from news.google.com: ProShares Short Bitcoin Strategy ETF Trading 3.8 percent Higher - Defense World |
ProShares Trust current analysts advice
We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. ProShares analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. ProShares analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
The consensus estimates and target price estimation comprises individual analyst assessments, and may or may not mutch the Macroaxis buy or sell advice. It is determined by taking an average of all analyst recommendations and classifying them as Strong Buy, Buy, Hold, or Sell.
ProShares Trust Returns Distribution Density
The distribution of ProShares Trust's historical returns is an attempt to chart the uncertainty of ProShares Trust's future price movements. The chart of the probability distribution of ProShares Trust daily returns describes the distribution of returns around its average expected value. We use ProShares Trust price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of ProShares Trust returns is essential to provide solid investment advice for ProShares Trust.
| Mean Return | -0.19 | Value At Risk | -6.49 | Potential Upside | 5.44 | Standard Deviation | 3.54 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of ProShares Trust historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
ProShares Trust Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to ProShares Trust or Trading--Miscellaneous sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that ProShares Trust's price will be affected by overall etf market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a ProShares etf's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | -0.16 | |
β | Beta against NYSE Composite | -1.82 | |
σ | Overall volatility | 3.46 | |
Ir | Information ratio | -0.06 |
ProShares Trust Volatility Alert
ProShares Trust exhibits very low volatility with skewness of -0.54 and kurtosis of 0.42. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure ProShares Trust's etf risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact ProShares Trust's etf price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.ProShares Trust Fundamentals Vs Peers
Comparing ProShares Trust's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze ProShares Trust's direct or indirect competition across all of the common fundamentals between ProShares Trust and the related equities. This way, we can detect undervalued stocks with similar characteristics as ProShares Trust or determine the etfs which would be an excellent addition to an existing portfolio. Peer analysis of ProShares Trust's fundamental indicators could also be used in its relative valuation, which is a method of valuing ProShares Trust by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare ProShares Trust to competition |
| Fundamentals | ProShares Trust | Peer Average |
| Price To Earning | (4.13) X | 3.15 X |
| Price To Book | 252.86 X | 0.39 X |
| Price To Sales | 79.98 X | 0.33 X |
| One Year Return | (65.00) % | (0.97) % |
Note: Disposition of 3000 shares by Stack David M of ProShares Trust at 9.0604 subject to Rule 16b-3 [view details]
ProShares Trust Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as ProShares . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 63665.1 | |||
| Daily Balance Of Power | 0.7143 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 7.15 | |||
| Day Typical Price | 7.17 | |||
| Price Action Indicator | 0.12 | |||
| Period Momentum Indicator | 0.1 |
About ProShares Trust Buy or Sell Advice
When is the right time to buy or sell ProShares Trust ? Buying financial instruments such as ProShares Etf isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
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Additional Information and Resources on Investing in ProShares Etf
When determining whether ProShares Trust offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ProShares Trust's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Proshares Trust Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Proshares Trust Etf:Check out ProShares Trust Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. For more detail on how to invest in ProShares Etf please use our How to Invest in ProShares Trust guide.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 Trust 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 Trust's value that differs from its market value or its book value, called intrinsic value, which is ProShares Trust'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 Trust's market value can be influenced by many factors that don't directly affect ProShares Trust'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 Trust's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares Trust is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares Trust'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.