ProShares Ultra Etf Forward View
| ROM Etf | USD 81.48 -3.87 -4.53% |
The forecast reference data for ProShares Ultra on this page is generated using Naive Prediction applied to historical price observations. Projected values and error measures are included as reference material.
The Naive Prediction forecasted value of ProShares Ultra Technology on the next trading day is expected to be 79.56 with a mean absolute deviation of 1.65 and the sum of the absolute errors of 100.53.This model is not at all useful as a medium-long range forecasting tool of ProShares Ultra Technology. This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict ProShares Ultra. Instead, consider using either the moving average model or the more general weighted moving average model with a higher (i.e., greater than 1) number of periods, and possibly a different set of weights. The Naive Prediction reference values for ProShares Ultra are derived from publicly available price data and should be used for informational purposes only. Naive Prediction Price Forecast For the 23rd of March
Given 90 days horizon, the Naive Prediction forecasted value of ProShares Ultra Technology on the next trading day is expected to be 79.56 with a mean absolute deviation of 1.65 , mean absolute percentage error of 5.33 , and the sum of the absolute errors of 100.53 .Please note that although there have been many attempts to predict ProShares Etf prices using its time series forecasting, we generally do not suggest using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that ProShares Ultra's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Etf Forecast Pattern
| Backtest ProShares Ultra | ProShares Ultra Price Prediction | Research Analysis |
Forecasted Value
This next-day forecast for ProShares Ultra Technology uses model performance to estimate practical downside and upside boundaries rather than a single point target alone. Investors should still remember that no empirical framework consistently proves that one family of forecasting models will outperform all other approaches in live markets.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Naive Prediction forecasting method's relative quality and the estimations of the prediction error of ProShares Ultra etf data series using in forecasting. Note that when a statistical model is used to represent ProShares Ultra etf, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 119.7844 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 1.648 |
| MAPE | Mean absolute percentage error | 0.0182 |
| SAE | Sum of the absolute errors | 100.5305 |
Other Forecasting Options for ProShares Ultra
Investors at all stages of experience who consider ProShares must develop an understanding of ProShares Ultra's price dynamics. The noise embedded in ProShares Etf price charts can create misleading signals and skew investment decisions.ProShares Ultra Related Equities
The following equities are related to ProShares Ultra within the Trading--Leveraged Equity space and can be used for peer comparison, relative valuation, or portfolio diversification. Comparing ProShares Ultra against peers on metrics such as P/E, margins, and return on equity helps contextualize its positioning and identify relative strengths or weaknesses.
| Risk & Return | Correlation |
ProShares Ultra Market Strength Events
Market strength indicators applied to ProShares Ultra etf give investors a structured view of the security's momentum relative to the overall market. Using these indicators, traders can refine their timing when entering or exiting positions in ProShares Ultra Technology.
ProShares Ultra Risk Indicators
Evaluating ProShares Ultra's risk indicators is an important step in accurately forecasting its price and assessing the suitability of an investment. Understanding the risk profile of ProShares Ultra's allows investors to make more informed decisions about position sizing and risk.
| Mean Deviation | 2.18 | |||
| Standard Deviation | 2.75 | |||
| Variance | 7.54 |
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.
Story Coverage note for ProShares Ultra
The amount of media and story coverage tied to ProShares Ultra Technology can signal where market attention is concentrating at the moment. Used properly, this context can help investors judge whether visibility is reinforcing the thesis or attracting more speculative pressure.
Other Macroaxis Stories
Macroaxis publishes story content for a diverse readership that includes finance students, independent investors, money managers, and market-focused operating teams. What connects that audience is a focus on building stronger portfolios through better research, risk awareness, and comparative analysis.
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More Resources for ProShares Etf Analysis
Initial analysis of ProShares Ultra centers on its financial statements and observed trends. Ratios connect earnings, costs, and operational efficiency. Supporting reports for ProShares Ultra Technology Etf are presented below:Historical Fundamental Analysis of ProShares Ultra provides a cross-check on projections for ProShares Ultra. The view supplies historical context for the projection discussion. ProShares Ultra currently shows P/E of 19.59. ProShares Ultra analysis should be paired with portfolio risk and diversification tools before adjusting allocations. The supplemental views below help investors decide how ProShares Ultra complements or overlaps with existing portfolio holdings. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Book value captures ProShares accounting equity, while market value captures the collective view of participants. The 4.06 P/B ratio shows ProShares Ultra carries a substantial premium over its balance-sheet equity. For ProShares Ultra, intrinsic value estimation helps reconcile what the market pays with what the books show. The three perspectives together offer a richer context than any single measure alone.
ProShares Ultra intrinsic value attempts to capture underlying worth, separate from current trading levels. For ProShares Ultra, key inputs include a P/E ratio of 19.59, and a P/B ratio of 4.06. The quoted ProShares Ultra price is the exchange level where supply meets demand.