ProShares UltraPro Etf Forward View - Simple Exponential Smoothing
| SDOW Etf | USD 36.93 0.67 1.85% |
The forecast reference data for ProShares UltraPro on this page is generated using Simple Exponential Smoothing applied to historical price observations. Projected values and error measures are included as reference material.
The Simple Exponential Smoothing forecasted value of ProShares UltraPro Short on the next trading day is expected to be 36.82 with a mean absolute deviation of 0.59 and the sum of the absolute errors of 35.27.This simple exponential smoothing model begins by setting ProShares UltraPro Short forecast for the second period equal to the observation of the first period. In other words, recent ProShares UltraPro observations are given relatively more weight in forecasting than the older observations. The Simple Exponential Smoothing reference values for ProShares UltraPro are derived from publicly available price data and should be used for informational purposes only. Simple Exponential Smoothing Price Forecast For the 21st of March
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of ProShares UltraPro Short on the next trading day is expected to be 36.82 with a mean absolute deviation of 0.59 , mean absolute percentage error of 0.57 , and the sum of the absolute errors of 35.27 .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 UltraPro's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Etf Forecast Pattern
| Backtest ProShares UltraPro | ProShares UltraPro Price Prediction | Research Analysis |
Forecasted Value
The next-day forecast for ProShares UltraPro Short focuses on identifying predictive downside and upside bands that can frame a realistic trading range. The projected forecast band currently runs from roughly 34.38 on the downside to about 39.26 on the upside.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Simple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of ProShares UltraPro etf data series using in forecasting. Note that when a statistical model is used to represent ProShares UltraPro 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 | 115.7057 |
| Bias | Arithmetic mean of the errors | -0.1074 |
| MAD | Mean absolute deviation | 0.5878 |
| MAPE | Mean absolute percentage error | 0.0189 |
| SAE | Sum of the absolute errors | 35.2662 |
Other Forecasting Options for ProShares UltraPro
Investors at all stages of experience who consider ProShares must develop an understanding of ProShares UltraPro's price dynamics. The noise embedded in ProShares Etf price charts can create misleading signals and skew investment decisions.ProShares UltraPro Related Equities
The following equities are related to ProShares UltraPro within the Trading--Inverse Equity space and can be used for peer comparison, relative valuation, or portfolio diversification. Comparing ProShares UltraPro 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 UltraPro Market Strength Events
Market strength indicators applied to ProShares UltraPro 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 UltraPro Short.
ProShares UltraPro Risk Indicators
Evaluating ProShares UltraPro'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 UltraPro's allows investors to make more informed decisions about position sizing and risk.
| Mean Deviation | 1.81 | |||
| Semi Deviation | 1.91 | |||
| Standard Deviation | 2.37 | |||
| Variance | 5.62 | |||
| Downside Variance | 4.82 | |||
| Semi Variance | 3.64 | |||
| Expected Short fall | -2.05 |
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 UltraPro
Story coverage around ProShares UltraPro Short often expands when market conditions, narrative momentum, or risk-adjusted performance make the security more visible to investors. A disciplined read of coverage separates durable relevance from temporary noise.
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.
Story Categories
Currently Trending Categories
More Resources for ProShares Etf Analysis
Understanding ProShares UltraPro Short starts with its core financial statements, trend data, and ratio analysis. Financial ratios help explain how results are produced and sustained. The dataset reflects ProShares UltraPro's available reporting history. The reports below outline key financial context for ProShares UltraPro Short Etf:Historical Fundamental Analysis of ProShares UltraPro provides a cross-check on projections for ProShares UltraPro. The view supplies historical context for the projection discussion. Historical volatility in ProShares UltraPro's fundamentals provides context for projection confidence. Investors get more value from ProShares UltraPro analysis when it is combined with other construction and diversification tools. For ProShares UltraPro, the analytical tools below add portfolio-level context that single-security review alone cannot provide. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
The market value of ProShares UltraPro Short is measured differently than book value, which reflects ProShares accounting equity. Intrinsic value for ProShares UltraPro synthesizes operating data into a single estimate that complements price and book value. Reconciling these perspectives is central to structured valuation analysis.
Distinguishing between ProShares UltraPro's value and market price helps frame analytical expectations. The assessment draws on financial ratios, peer comparisons, and historical trend data. In practice, ProShares UltraPro price is set by the continuous auction process on its listing exchange.