ProShares UltraPro Etf Forward View - Simple Exponential Smoothing
| SRTY Etf | USD 40.79 -0.80 -1.92% |
ProShares UltraPro Short's Simple Exponential Smoothing forecast reference data is generated from the equity's historical trading prices. This page presents the model output and associated accuracy measures as reference information.
The Simple Exponential Smoothing forecasted value of ProShares UltraPro Short on the next trading day is expected to be 40.80 with a mean absolute deviation of 0.98 and the sum of the absolute errors of 59.92.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 projections for ProShares UltraPro Short are reference data based on historical daily prices and are provided as informational context. 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 40.80 with a mean absolute deviation of 0.98 , mean absolute percentage error of 1.53 , and the sum of the absolute errors of 59.92 .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
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Forecasted Value
For the next trading day, Macroaxis evaluates ProShares UltraPro's predictive range by looking for statistically meaningful downside and upside boundaries. The projected forecast band currently runs from roughly 37.36 on the downside to about 44.24 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 | 118.539 |
| Bias | Arithmetic mean of the errors | -0.0142 |
| MAD | Mean absolute deviation | 0.9823 |
| MAPE | Mean absolute percentage error | 0.0268 |
| SAE | Sum of the absolute errors | 59.9205 |
Other Forecasting Options for ProShares UltraPro
The price trajectory of ProShares is the primary concern for any investor assessing it as an opportunity. ProShares Etf price charts are filled with noise that can easily mislead uninformed 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
Understanding the market strength of ProShares UltraPro etf enables investors to assess the security's momentum and responsiveness to broader market forces. These indicators are essential tools for timing trades in ProShares UltraPro Short with greater precision.
ProShares UltraPro Risk Indicators
Reviewing ProShares UltraPro's basic risk indicators is essential for investors who want to forecast its price and manage their investment risk effectively. This analysis helps identify the amount of risk involved in holding ProShares UltraPro's and informs decisions about hedging and position.
| Mean Deviation | 2.66 | |||
| Semi Deviation | 3.1 | |||
| Standard Deviation | 3.36 | |||
| Variance | 11.32 | |||
| Downside Variance | 10.06 | |||
| Semi Variance | 9.63 | |||
| Expected Short fall | -2.96 |
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
The amount of media and story coverage tied to ProShares UltraPro Short 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.
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More Resources for ProShares Etf Analysis
Reviewing ProShares UltraPro Short typically starts with core financial statements and performance trends. Ratio analysis outlines performance across profit, efficiency, and growth. All figures are aligned with ProShares UltraPro's latest available data.Projections for ProShares UltraPro can be cross-referenced against Historical Fundamental Analysis of ProShares UltraPro data. The historical dataset adds depth to the projection analysis for ProShares UltraPro. This analysis of ProShares UltraPro works best as a complementary layer when evaluating how the security fits in a broader portfolio. A thorough ProShares UltraPro review pairs this page with the quantitative and comparative resources listed below. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
For ProShares UltraPro Short, market value and book value represent two distinct lenses on the same underlying business. Where intrinsic value falls relative to market price and book value helps frame the analytical picture. Together, market value, book value, and intrinsic value form a multi-dimensional view. The information is presented without directional commentary.
ProShares UltraPro intrinsic value attempts to capture underlying worth, separate from current trading levels. Analysis often considers earnings, revenue quality, fundamentals, technical signals, competition, and analyst coverage. The quoted ProShares UltraPro price is the exchange level where supply meets demand. This information is provided for contextual purposes.