ProShares UltraPro Etf Forward View - Double Exponential Smoothing
| UDOW Etf | USD 49.14 -0.77 -1.54% |
ProShares UltraPro's Double Exponential Smoothing reference data reflects the model's output when applied to available daily price observations. This page summarizes the model output and key accuracy metrics for reference. The projected value and error metrics are calculated from available daily price observations. This information is intended as reference material for analytical purposes.
The Double Exponential Smoothing forecasted value of ProShares UltraPro Dow30 on the next trading day is expected to be 48.73 with a mean absolute deviation of 1.19 and the sum of the absolute errors of 70.12.When ProShares UltraPro Dow30 prices exhibit either an increasing or decreasing trend over time, simple exponential smoothing forecasts tend to lag behind observations. Double exponential smoothing is designed to address this type of data series by taking into account any ProShares UltraPro Dow30 trend in the prices. So in double exponential smoothing past observations are given exponentially smaller weights as the observations get older. In other words, recent ProShares UltraPro observations are given relatively more weight in forecasting than the older observations. The Double Exponential Smoothing reference values for ProShares UltraPro are derived from publicly available price data and should be used for informational purposes only. Double Exponential Smoothing Price Forecast For the 27th of March
Given 90 days horizon, the Double Exponential Smoothing forecasted value of ProShares UltraPro Dow30 on the next trading day is expected to be 48.73 with a mean absolute deviation of 1.19 , mean absolute percentage error of 2.16 , and the sum of the absolute errors of 70.12 .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
This next-day forecast for ProShares UltraPro Dow30 uses model performance to estimate practical downside and upside boundaries rather than a single point target alone. Used properly, these levels provide context around forecast dispersion rather than certainty about the next closing print.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Double 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 | Huge |
| Bias | Arithmetic mean of the errors | -0.2348 |
| MAD | Mean absolute deviation | 1.1885 |
| MAPE | Mean absolute percentage error | 0.0202 |
| SAE | Sum of the absolute errors | 70.1194 |
Other Forecasting Options for ProShares UltraPro
Relative Strength Index values for ProShares measure the speed and magnitude of recent price changes. Recognizing these clusters in ProShares UltraPro's returns helps calibrate position size and stop-loss levels. Candlestick pattern analysis of ProShares Etf daily data can reveal short-term reversal or continuation signals. Identifying these patterns in ProShares Etf data supports better trade timing.ProShares UltraPro Related Equities
Sizing up ProShares UltraPro against these stocks within the Trading--Leveraged Equity space shows how it compares on key financial measures. Return on equity across these peers shows how well each firm turns capital into profit. A stock that beats its peers on many metrics often deserves a closer look from value-focused investors.
| Risk & Return | Correlation |
ProShares UltraPro Market Strength Events
Market strength indicators provide a structured view of how ProShares UltraPro etf is positioned relative to trends. These indicators are valuable tools for identifying when to enter or exit positions in ProShares UltraPro Dow30. These signals help validate or refine position timing for ProShares UltraPro. Review these indicators alongside ProShares UltraPro's fundamental data for a complete analytical picture.
ProShares UltraPro Risk Indicators
The analysis of ProShares UltraPro's risk metrics is one of the most important steps in projecting its future price. This process quantifies the risk associated with ProShares UltraPro's and helps determine how to manage it. A structured analysis of ProShares UltraPro's risk indicators is one of the most reliable ways to improve forecast accuracy. Investors who carefully evaluate the risks in ProShares UltraPro's are better positioned to make informed decisions.
| Mean Deviation | 1.85 | |||
| Standard Deviation | 2.42 | |||
| Variance | 5.84 |
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 Dow30 often expands when market conditions, narrative momentum, or risk-adjusted performance make the security more visible to investors. The stronger process compares story flow with performance, theme classification, and the level of short-term market interest.
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
A full view of ProShares UltraPro Dow30 is built from its financial statements and trend data. The following reports provide structured context for ProShares UltraPro Dow30 Etf:Historical Fundamental Analysis of ProShares UltraPro can be used to cross-verify projections for ProShares UltraPro. ProShares UltraPro currently shows P/E of 17.14. ProShares UltraPro analysis should be paired with portfolio risk and diversification tools before adjusting allocations. ProShares UltraPro peer comparison and risk tools below help frame relative strengths and weaknesses. You can also try the Pattern Recognition module to use different Pattern Recognition models to identify potential trend changes across multiple global exchanges.
Understanding ProShares UltraPro Dow30 includes distinguishing between market value and book value, where book value reflects ProShares's accounting equity. ProShares UltraPro P/B of 3.24 reflects a market valuation far exceeding accounting equity. Value and price for ProShares UltraPro are related but not identical, and they can diverge across cycles.
ProShares UltraPro intrinsic value attempts to capture underlying worth, separate from current trading levels. For ProShares UltraPro, key inputs include a P/E ratio of 17.14, and a P/B ratio of 3.24.