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.
|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