Proshares Ultrashort Oil Etf Price on June 14, 2024
| DUG Etf | USD 38.22 0.61 1.62% |
Below is the normalized historical share price chart for ProShares UltraShort Oil extending back to February 01, 2007. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of ProShares UltraShort stands at 38.22, as last reported on the 11th of December 2024, with the highest price reaching 38.27 and the lowest price hitting 37.29 during the day.
If you're considering investing in ProShares Etf, it is important to understand the factors that can impact its price. ProShares UltraShort Oil maintains Sharpe Ratio (i.e., Efficiency) of -0.0718, which implies the entity had a -0.0718% return per unit of risk over the last 3 months. ProShares UltraShort Oil exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check ProShares UltraShort's Risk Adjusted Performance of (0.03), coefficient of variation of (2,136), and Variance of 5.78 to confirm the risk estimate we provide.
ProShares Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 49.45 | 200 Day MA 38.3182 | 1 y Volatility 25.01 | 50 Day MA 36.5756 | Inception Date 2007-01-30 |
ProShares |
Sharpe Ratio = -0.0718
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| Negative Returns | DUG |
Estimated Market Risk
| 2.4 actual daily | 21 79% of assets are more volatile |
Expected Return
| -0.17 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.07 actual daily | 0 Most of other assets perform better |
Based on monthly moving average ProShares UltraShort is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of ProShares UltraShort by adding ProShares UltraShort to a well-diversified portfolio.
Average Mkt Cap Mil USDÂ - | Market Capitalisation {Big=-, Small=-, Mega=-, Medium=-, Micro=-} |
ProShares UltraShort Valuation on June 14, 2024
It is possible to determine the worth of ProShares UltraShort on a given historical date. On June 14, 2024 ProShares was worth 40.27 at the beginning of the trading date compared to the closed value of 40.87. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of ProShares UltraShort etf. Still, in general, we apply an absolute valuation method to find ProShares UltraShort's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of ProShares UltraShort where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against ProShares UltraShort's related companies.
| Open | High | Low | Close | Volume | |
| 39.58 | 40.58 | 39.58 | 40.27 | 240,424 | |
06/14/2024 | 40.27 | 41.16 | 40.27 | 40.87 | 24,267 |
| 40.85 | 41.16 | 40.31 | 40.68 | 22,615 |
| Backtest ProShares UltraShort | | | ProShares UltraShort History | | | ProShares UltraShort Valuation | Previous | Next |
ProShares UltraShort Trading Date Momentum on June 14, 2024
| On June 17 2024 ProShares UltraShort Oil was traded for 40.68 at the closing time. Highest ProShares UltraShort's price during the trading hours was 41.16 and the lowest price during the day was 40.31 . The net volume was 22.6 K. The overall trading history on the 17th of June 2024 contributed to the next trading period price depreciation. The overall trading delta to the next next day price was 0.46% . The trading delta at closing time to current price is 5.04% . |
ProShares UltraShort Oil Fundamentals Correlations and Trends
By evaluating ProShares UltraShort's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among ProShares UltraShort's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. ProShares financial account trend analysis is a perfect complement when working with valuation or volatility modules.About ProShares UltraShort Etf history
ProShares UltraShort investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for ProShares is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in ProShares UltraShort Oil will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing ProShares UltraShort stock prices may prove useful in developing a viable investing in ProShares UltraShort
The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the funds investment objective. Ultrashort Oil is traded on NYSEARCA Exchange in the United States.
ProShares UltraShort Etf Technical Analysis
ProShares UltraShort technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
Price Boundaries
ProShares UltraShort Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
ProShares UltraShort Oil cannot be verified against its exchange. Please verify the symbol is currently traded on NYSE ARCA Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
ProShares UltraShort December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how ProShares UltraShort etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ProShares UltraShort shares will generate the highest return on investment. By undertsting and applying ProShares UltraShort etf market strength indicators, traders can identify ProShares UltraShort Oil entry and exit signals to maximize returns
ProShares UltraShort Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for ProShares UltraShort's price direction in advance. Along with the technical and fundamental analysis of ProShares Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of ProShares to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | 5.0E-4 | |||
| Total Risk Alpha | (0.50) | |||
| Treynor Ratio | 0.114 |
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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ProShares UltraShort Oil. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in employment. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
The market value of ProShares UltraShort Oil is measured differently than its book value, which is the value of ProShares that is recorded on the company's balance sheet. Investors also form their own opinion of ProShares UltraShort's value that differs from its market value or its book value, called intrinsic value, which is ProShares UltraShort's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ProShares UltraShort's market value can be influenced by many factors that don't directly affect ProShares UltraShort's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ProShares UltraShort's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares UltraShort is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares UltraShort's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.