ProShares UltraPro Etf Forward View - Simple Regression
| SRTY Etf | USD 41.59 1.95 4.92% |
ProShares UltraPro Short's Simple Regression 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 Regression forecasted value of ProShares UltraPro Short on the next trading day is expected to be 35.89 with a mean absolute deviation of 2.42 and the sum of the absolute errors of 147.40.In general, regression methods applied to historical equity returns or prices series is an area of active research. In recent decades, new methods have been developed for robust regression of price series such as ProShares UltraPro Short historical returns. These new methods are regression involving correlated responses such as growth curves and different regression methods accommodating various types of missing data. The Simple Regression projections for ProShares UltraPro Short are reference data based on historical daily prices and are provided as informational context. Simple Regression Price Forecast For the 19th of March
Given 90 days horizon, the Simple Regression forecasted value of ProShares UltraPro Short on the next trading day is expected to be 35.89 with a mean absolute deviation of 2.42 , mean absolute percentage error of 7.58 , and the sum of the absolute errors of 147.40 .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
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 32.45 on the downside to about 39.33 on the upside.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Simple Regression 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 | 120.1363 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 2.4165 |
| MAPE | Mean absolute percentage error | 0.0655 |
| SAE | Sum of the absolute errors | 147.4036 |
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.
| Accumulation Distribution | 58494.62 | |||
| Daily Balance Of Power | 1.226415 | |||
| Rate Of Daily Change | 1.05 | |||
| Day Median Price | 40.83 | |||
| Day Typical Price | 41.08 | |||
| Price Action Indicator | 1.74 | |||
| Period Momentum Indicator | 1.95 | |||
| Relative Strength Index | 57.83 |
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 | 2.68 | |||
| Semi Deviation | 3.15 | |||
| Standard Deviation | 3.38 | |||
| Variance | 11.41 | |||
| Downside Variance | 10.32 | |||
| Semi Variance | 9.91 | |||
| Expected Short fall | -2.95 |
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 commonly begins with financial statements and performance trends. Ratio analysis helps investors evaluate ProShares UltraPro Short Etf operating efficiency and financial trajectory. Highlighted below are reports that provide context for ProShares UltraPro Short Etf:Cross-verify projections for ProShares UltraPro using Historical Fundamental Analysis of ProShares UltraPro. The historical series provides projection context. 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 ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Understanding ProShares UltraPro Short includes distinguishing between market value and book value, where book value reflects ProShares's accounting equity. Intrinsic value reflects what ProShares UltraPro's fundamentals imply about worth, which may differ from both the trading price and the book figure. Analytical frameworks help reconcile those views.
Value and price for ProShares UltraPro are related but not identical, and they can diverge across cycles. 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.