Proshares Short Msci Etf Market Value
| EUM Etf | USD 14.06 0.19 1.37% |
| Symbol | ProShares |
The market value of ProShares Short MSCI 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 Short's value that differs from its market value or its book value, called intrinsic value, which is ProShares Short'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 Short's market value can be influenced by many factors that don't directly affect ProShares Short'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 Short's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares Short is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares Short'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.
ProShares Short 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to ProShares Short's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of ProShares Short.
| 04/01/2024 |
| 05/01/2024 |
If you would invest 0.00 in ProShares Short on April 1, 2024 and sell it all today you would earn a total of 0.00 from holding ProShares Short MSCI or generate 0.0% return on investment in ProShares Short over 30 days. ProShares Short is related to or competes with ProShares Short, ProShares UltraShort, ProShares UltraShort, ProShares UltraShort, and ProShares Short. The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns ... More
ProShares Short Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure ProShares Short's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess ProShares Short MSCI upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 3.59 | |||
| Value At Risk | (1.21) | |||
| Potential Upside | 1.37 |
ProShares Short Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ProShares Short's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ProShares Short's standard deviation. In reality, there are many statistical measures that can use ProShares Short historical prices to predict the future ProShares Short's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | (0.97) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ProShares Short's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
ProShares Short MSCI Backtested Returns
ProShares Short MSCI maintains Sharpe Ratio (i.e., Efficiency) of -0.0746, which implies the entity had a -0.0746% return per unit of risk over the last 3 months. ProShares Short MSCI exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check ProShares Short's Variance of 0.7088, risk adjusted performance of (0.05), and Coefficient Of Variation of (1,340) to confirm the risk estimate we provide. The etf holds a Beta of 0.0752, which implies not very significant fluctuations relative to the market. As returns on the market increase, ProShares Short's returns are expected to increase less than the market. However, during the bear market, the loss of holding ProShares Short is expected to be smaller as well.
Auto-correlation | -0.45 |
Modest reverse predictability
ProShares Short MSCI has modest reverse predictability. Overlapping area represents the amount of predictability between ProShares Short time series from 1st of April 2024 to 16th of April 2024 and 16th of April 2024 to 1st of May 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of ProShares Short MSCI price movement. The serial correlation of -0.45 indicates that just about 45.0% of current ProShares Short price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
ProShares Short MSCI lagged returns against current returns
Autocorrelation, which is ProShares Short etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting ProShares Short's etf expected returns. We can calculate the autocorrelation of ProShares Short returns to help us make a trade decision. For example, suppose you find that ProShares Short has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
ProShares Short regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If ProShares Short etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ProShares Short etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ProShares Short etf over time.
Current vs Lagged Prices |
| Timeline |
ProShares Short Lagged Returns
When evaluating ProShares Short's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ProShares Short etf have on its future price. ProShares Short autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, ProShares Short autocorrelation shows the relationship between ProShares Short etf current value and its past values and can show if there is a momentum factor associated with investing in ProShares Short MSCI.
Regressed Prices |
| Timeline |
Pair Trading with ProShares Short
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 Short 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 Short will appreciate offsetting losses from the drop in the long position's value.Moving together with ProShares Etf
| 0.79 | SH | ProShares Short SP500 Aggressive Push | PairCorr |
| 0.84 | SPXU | ProShares UltraPro Short | PairCorr |
| 0.74 | SDS | ProShares UltraShort | PairCorr |
| 0.75 | SPXS | Direxion Daily SP Aggressive Push | PairCorr |
Moving against ProShares Etf
| 0.79 | SMH | VanEck Semiconductor ETF | PairCorr |
| 0.79 | SOXX | iShares Semiconductor ETF | PairCorr |
| 0.77 | USD | ProShares Ultra Semi | PairCorr |
| 0.62 | XES | SPDR SP Oil | PairCorr |
| 0.6 | FNGO | MicroSectors FANG Index | PairCorr |
The ability to find closely correlated positions to ProShares Short 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 Short 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 Short - 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 Short MSCI to buy it.
The correlation of ProShares Short 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 Short moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ProShares Short MSCI 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 Short 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 ProShares Short Correlation, ProShares Short Volatility and ProShares Short Alpha and Beta module to complement your research on ProShares Short. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
ProShares Short 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.