ProShares UltraShort Etf Forward View - Triple Exponential Smoothing
| SCC Etf | USD 17.67 0.64 3.76% |
ProShares UltraShort Consumer's Triple Exponential Smoothing reference page covers the model's projected value and error measures from recent price data. The forecast output and associated deviation metrics are shown for informational use. The model is fitted to available historical daily prices for ProShares UltraShort. This page is updated as new daily closing prices become available for ProShares UltraShort.
The Triple Exponential Smoothing forecasted value of ProShares UltraShort Consumer on the next trading day is expected to be 17.80 with a mean absolute deviation of 0.26 and the sum of the absolute errors of 15.48.As with simple exponential smoothing, in triple exponential smoothing models past ProShares UltraShort observations are given exponentially smaller weights as the observations get older. In other words, recent observations are given relatively more weight in forecasting than the older ProShares UltraShort Consumer observations. All Triple Exponential Smoothing forecast figures shown for ProShares UltraShort Consumer are reference data reflecting model output based on available historical prices. Triple Exponential Smoothing Price Forecast For the 23rd of March
Given 90 days horizon, the Triple Exponential Smoothing forecasted value of ProShares UltraShort Consumer on the next trading day is expected to be 17.80 with a mean absolute deviation of 0.26 , mean absolute percentage error of 0.11 , and the sum of the absolute errors of 15.48 .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 UltraShort's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Etf Forecast Pattern
| Backtest ProShares UltraShort | ProShares UltraShort Price Prediction | Research Analysis |
Forecasted Value
The next-day forecast for ProShares UltraShort Consumer focuses on identifying predictive downside and upside bands that can frame a realistic trading range. The current forecast range spans downside near 15.68 and upside near 19.92.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Triple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of ProShares UltraShort etf data series using in forecasting. Note that when a statistical model is used to represent ProShares UltraShort 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 | Huge |
| Bias | Arithmetic mean of the errors | -0.0661 |
| MAD | Mean absolute deviation | 0.2623 |
| MAPE | Mean absolute percentage error | 0.0176 |
| SAE | Sum of the absolute errors | 15.4752 |
Other Forecasting Options for ProShares UltraShort
Bollinger Bands applied to ProShares Etf price data measure how far ProShares has deviated from its recent average relative to its own volatility. This distinction drives the choice of forecasting model applied to ProShares UltraShort's price data. On-balance volume for ProShares Etf creates a running indicator of buying versus selling pressure in ProShares. Price departures from the channel boundary often mean-revert, offering tactical signals for ProShares UltraShort's.ProShares UltraShort Related Equities
These stocks within the Trading--Inverse Equity space are often compared to ProShares UltraShort by analysts and fund managers in the sector. Market cap and total value checks frame ProShares UltraShort's size within the competitive field. Peer review is most useful when paired with absolute pricing and trend checks. Tracking ProShares UltraShort's results against these peers over time helps spot rising trends early.
| Risk & Return | Correlation |
ProShares UltraShort Market Strength Events
For investors tracking ProShares UltraShort Consumer, market strength indicators offer quantitative evaluation of etf behavior. By using these indicators, traders can make more informed decisions about when to buy or sell ProShares UltraShort Consumer. These indicators capture shifts in momentum that may precede significant price moves in ProShares UltraShort. These metrics provide actionable context for both entry and risk management decisions around ProShares UltraShort Consumer.
ProShares UltraShort Risk Indicators
Analyzing ProShares UltraShort's basic risk indicators provides investors with a structured view of the risk-return trade-off for proshares etf. By identifying the level of risk embedded in ProShares UltraShort's investment, investors can make informed decisions about position sizing. Analyzing ProShares UltraShort's risk indicators gives investors important context for price forecasting. Understanding the risk in ProShares UltraShort's investment allows investors to make informed choices about mitigating exposure.
| Mean Deviation | 1.62 | |||
| Semi Deviation | 1.58 | |||
| Standard Deviation | 2.12 | |||
| Variance | 4.5 | |||
| Downside Variance | 4.15 | |||
| Semi Variance | 2.5 | |||
| Expected Short fall | -1.79 |
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 UltraShort
Story coverage around ProShares UltraShort Consumer often expands when market conditions, narrative momentum, or risk-adjusted performance make the security more visible to investors. Used properly, this context can help investors judge whether visibility is reinforcing the thesis or attracting more speculative pressure.
Other Macroaxis Stories
Macroaxis story coverage is designed for a broad investing audience that ranges from self-directed traders to advisers, researchers, and institutional market participants. The content is intended to support people who want a more structured path from headline information to portfolio action.
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More Resources for ProShares Etf Analysis
Initial analysis of ProShares UltraShort centers on its financial statements and observed trends. Below are reports that help frame ProShares UltraShort Consumer Etf in context:Historical Fundamental Analysis of ProShares UltraShort provides a cross-check on projections for ProShares UltraShort. ProShares UltraShort analysis should be read alongside other portfolio and risk tools before reallocating capital. A thorough ProShares UltraShort review pairs this page with the quantitative and comparative resources listed below. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
The market value of ProShares UltraShort is measured differently than book value, which reflects ProShares accounting equity. Valuation work aligns these measures into a single analytical context.
For ProShares UltraShort, intrinsic value is a model-driven estimate while price is a market-driven observation. Where ProShares UltraShort trades at any moment depends on the balance of buying and selling pressure.