ProShares UltraShort Etf Forward View - Simple Exponential Smoothing
| SDP Etf | USD 10.30 0.05 0.49% |
The Simple Exponential Smoothing forecast reference data for ProShares UltraShort Utilities is based on the equity's recent trading history. This page summarizes the model output and key accuracy metrics for reference.
The Simple Exponential Smoothing forecasted value of ProShares UltraShort Utilities on the next trading day is expected to be 10.30 with a mean absolute deviation of 0.17 and the sum of the absolute errors of 10.21.This simple exponential smoothing model begins by setting ProShares UltraShort Utilities forecast for the second period equal to the observation of the first period. In other words, recent ProShares UltraShort observations are given relatively more weight in forecasting than the older observations. All Simple Exponential Smoothing forecast figures shown for ProShares UltraShort Utilities are reference data reflecting model output based on available historical prices. Simple Exponential Smoothing Price Forecast For the 18th of March 2026
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of ProShares UltraShort Utilities on the next trading day is expected to be 10.30 with a mean absolute deviation of 0.17 , mean absolute percentage error of 0.05 , and the sum of the absolute errors of 10.21 .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
Forecasting ProShares UltraShort Utilities for the next session involves measuring the model's historical ability to define credible downside and upside scenarios. At the moment, the model places downside around 8.51 and upside around 12.09 for the forecasting period.
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 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 | 113.1816 |
| Bias | Arithmetic mean of the errors | 0.0378 |
| MAD | Mean absolute deviation | 0.1702 |
| MAPE | Mean absolute percentage error | 0.0147 |
| SAE | Sum of the absolute errors | 10.21 |
Other Forecasting Options for ProShares UltraShort
Whether a novice or experienced investor, anyone considering ProShares needs to understand the dynamics of ProShares UltraShort's price movement. Price charts for ProShares Etf contain a significant amount of noise that can distort investment decisions.ProShares UltraShort Related Equities
The following equities are related to ProShares UltraShort within the Trading--Inverse Equity space and can be used for peer comparison, relative valuation, or portfolio diversification. Comparing ProShares UltraShort 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 UltraShort Market Strength Events
Analyzing market strength indicators for ProShares UltraShort enables investors to understand how the etf performs relative to overall market momentum. These indicators are valuable tools for identifying when to enter or exit positions in ProShares UltraShort Utilities.
ProShares UltraShort Risk Indicators
Identifying and analyzing ProShares UltraShort's key risk indicators is a foundational step in projecting how its price may evolve. This process helps investors quantify the risk associated with ProShares UltraShort's and decide how to manage it.
| Mean Deviation | 1.4 | |||
| Standard Deviation | 1.76 | |||
| Variance | 3.11 |
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
Coverage intensity for ProShares UltraShort Utilities matters because narrative visibility can influence sentiment, participation, and volatility around the name. A disciplined read of coverage helps investors separate 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
Reviewing ProShares UltraShort commonly begins with financial statements and performance trends. Key ratios help frame profitability, efficiency, and growth context for ProShares UltraShort Utilities Etf. Outlined below are key reports that provide context for ProShares UltraShort Utilities Etf:Historical Fundamental Analysis of ProShares UltraShort can be used to cross-verify projections for ProShares UltraShort. The analysis adds historical context for the projection set. ProShares UltraShort information on this page supports broader research rather than acting as a stand-alone signal. ProShares UltraShort analysis across multiple dimensions - risk, valuation, diversification - produces a more informed position-sizing decision. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Understanding ProShares UltraShort includes distinguishing between market value and book value, where book value reflects ProShares's accounting equity. Intrinsic value represents an estimate of underlying worth and can differ from both market price and book value. Valuation methods compare these perspectives to frame context.
It is useful to distinguish ProShares UltraShort's value from its trading price, which are computed with different methods. A full view may include fundamental ratios, momentum patterns, industry dynamics, and analyst estimates. Where ProShares UltraShort trades at any moment depends on the balance of buying and selling pressure.