ProShares Ultra Backtesting

ProShares Ultra Bloomberg Natural Gas -- USA Etf  

USD 8.26  0.03  0.36%

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
Investment Horizon     30 Days    Login   to change
SymbolX
Backtest

ProShares Ultra 'What if' Analysis

September 22, 2017
 0.00 
No Change 0.00  0.0%
In 31 days
October 22, 2017
 0.00 
If you would invest  0.00  in ProShares Ultra on September 22, 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 VelocityShares 3x, ProShares Ultra, DB Gold, VelocityShares 3x, 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 
      Timeline 

ProShares Ultra regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

ProShares Ultra Bloo Backtested Returns

Macroaxis considers ProShares Ultra to be relatively volatile. ProShares Ultra Bloo maintains Sharpe Ratio (i.e. Efficiency) of -0.1092 which implies ProShares Ultra Bloo had -0.1092% of return per unit of risk over the last 1 month. Macroaxis philosophy towards forecasting risk of any etf is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. ProShares Ultra Bloo exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check ProShares Ultra Bloo Coefficient Of Variation of (936.56) and Risk Adjusted Performance of (0.020089) to confirm risk estimate we provide. The etf holds Beta of -2.397 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.. Even though it is essential to pay attention to ProShares Ultra Bloo current trending patternss, it is always good to be careful when utilizing equity existing price patterns. Macroaxis philosophy towards forecasting future performance of any etf is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. ProShares Ultra Bloo exposes twenty-one different technical indicators which can help you to evaluate its performance.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.00 

No correlation between past and present

ProShares Ultra Bloomberg Natural Gas has no correlation between past and present. Overlapping area represents the amount of predictability between ProShares Ultra time series from September 22, 2017 to October 7, 2017 and October 7, 2017 to October 22, 2017. 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 0.0 indicates that just 0.0% of current ProShares Ultra price fluctuation can be explain by its past prices.
Spearman Rank Test -0.44
Price Variance 0.04
Lagged Price Variance 0.1
Average Price 8.19

ProShares Ultra Lagged Returns

 Regressed Prices 
      Timeline 

ProShares Ultra Performance vs DOW

The median price of ProShares Ultra for the period between Fri, Sep 22, 2017 and Sun, Oct 22, 2017 is 8.32 with a coefficient of variation of 4.12. The daily time series for the period is distributed with a sample standard deviation of 0.35, arithmetic mean of 8.39, and mean deviation of 0.28. The Etf did not receive any noticable media coverage during the period.
Price Growth (%)  
      Timeline