ProShares Ultra Backtesting

ProShares Ultra Bloomberg Natural Gas -- USA Etf  

USD 6.64  0.21  3.07%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of ProShares Ultra Bloomberg Natural Gas and determine expected loss or profit from investing in ProShares Ultra over given investment horizon. Check also ProShares Ultra Hype Analysis, ProShares Ultra Correlation, Portfolio Optimization, ProShares Ultra Volatility as well as analyze ProShares Ultra Alpha and Beta and ProShares Ultra Performance
 Time Horizon     30 Days    Login   to change

ProShares Ultra 'What if' Analysis

December 24, 2017
No Change 0.00  0.0%
In 31 days
January 23, 2018
If you would invest  0.00  in ProShares Ultra on December 24, 2017 and sell it all today you would earn a total of 0.00 from holding ProShares Ultra Bloomberg Natural Gas or generate 0.0% return on investment in ProShares Ultra over 30 days. ProShares Ultra is related to or competes with ProShares Ultra, VelocityShares 3x, VelocityShares 3x, DB Gold, ProShares Ultra, and UBS ETRACS. The investment seeks results for a single day that match two times the daily performance of the Bloomberg Natural Gas Su...

ProShares Ultra Upside/Downside Indicators


ProShares Ultra Market Premium Indicators

ProShares Ultra Bloo lagged returns against current returns

 Current and Lagged Values 

ProShares Ultra regressed lagged prices vs. current prices

 Current vs Lagged Prices 

ProShares Ultra Bloo Backtested Returns

ProShares Ultra is extremely risky given 1 month investment horizon. ProShares Ultra Bloo maintains Sharpe Ratio (i.e. Efficiency) of 0.2529 which implies ProShares Ultra Bloo had 0.2529% of return per unit of risk over the last 1 month. Our philosophy towards forecasting risk of a etf is to use both market data as well as company specific technical data. We found twenty-one different technical indicators which can help you to evaluate if expected returns of 1.2943% are justified by taking the suggested risk. Use ProShares Ultra Coefficient Of Variation of 561.2, Semi Deviation of 3.46 and Risk Adjusted Performance of 0.0879 to evaluate company specific risk that cannot be diversified away. The etf holds Beta of -2.7042 which implies as returns on market increase, returns on owning ProShares Ultra are expected to decrease by larger amounts. On the other hand, during market turmoil, ProShares Ultra is expected to significantly outperform it.. Although it is vital to follow to ProShares Ultra Bloo current trending patterns, it is good to be conservative about what you can actually do with the information regarding equity existing price patterns. Macroaxis philosophy towards forecasting future performance of any etf is to look not only at its past charts but also at the business as a whole, including all fundamental and technical indicators. To evaluate if ProShares Ultra Bloo expected return of 1.2943 will be sustainable into the future, we have found twenty-one different technical indicators which can help you to check if the expected returns are sustainable.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.41 

Average predictability

ProShares Ultra Bloomberg Natural Gas has average predictability. Overlapping area represents the amount of predictability between ProShares Ultra time series from December 24, 2017 to January 8, 2018 and January 8, 2018 to January 23, 2018. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of ProShares Ultra Bloo price movement. The serial correlation of 0.41 indicates that just about 41.0% of current ProShares Ultra price fluctuation can be explain by its past prices.
Correlation Coefficient 0.41
Spearman Rank Test 0.3
Price Variance 0.12
Lagged Price Variance 0.2

ProShares Ultra Lagged Returns

 Regressed Prices 

ProShares Ultra Performance vs DOW

The median price of ProShares Ultra for the period between Sun, Dec 24, 2017 and Tue, Jan 23, 2018 is 6.4 with a coefficient of variation of 9.43. The daily time series for the period is distributed with a sample standard deviation of 0.58, arithmetic mean of 6.18, and mean deviation of 0.51. The Etf did not receive any noticable media coverage during the period.
Price Growth (%)