ProShares UltraShort Backtesting

KOLD -- USA Etf  

USD 37.45  0.68  1.78%

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

ProShares UltraShort 'What if' Analysis

May 25, 2018
0.00
No Change 0.00  0.0%
In 31 days
June 24, 2018
0.00
If you would invest  0.00  in ProShares UltraShort on May 25, 2018 and sell it all today you would earn a total of 0.00 from holding ProShares UltraShort Bloomberg Natrl Gas or generate 0.0% return on investment in ProShares UltraShort over 30 days. ProShares UltraShort is related to or competes with United States, United States, PowerShares DB, VelocityShares 3x, PowerShares DB, ProShares UltraShort, and VelocityShares 3x. The investment seeks results for a single day that match two times the inverse of the daily performance of the Bloomberg...

ProShares UltraShort Upside/Downside Indicators

Downside Deviation2.46
Maximum Drawdown8.43
Value At Risk4.10
Potential Upside4.09
  

ProShares UltraShort Market Premium Indicators

Risk Adjusted Performance0.01

ProShares UltraShort Backtested Returns

We consider ProShares UltraShort not too volatile. ProShares UltraShort maintains Sharpe Ratio (i.e. Efficiency) of 0.0095 which implies ProShares UltraShort had 0.0095% of return per unit of risk over the last 1 month. Our philosophy towards forecasting volatility of a etf is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty technical indicators for ProShares UltraShort which you can use to evaluate future volatility of the etf. Please check ProShares UltraShort Coefficient Of Variation of 22284.38, Semi Deviation of 2.34 and Risk Adjusted Performance of 0.01 to confirm if risk estimate we provide are consistent with the epected return of 0.0241%. The etf holds Beta of 0.0 which implies the returns on MARKET and ProShares UltraShort are completely uncorrelated. Although it is extremely important to respect ProShares UltraShort current trending patterns, it is better to be realistic regarding the information on equity existing price patterns. The philosophy towards forecasting future performance of any etf is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By analyzing ProShares UltraShort technical indicators you can presently evaluate if the expected return of 0.0241% will be sustainable into the future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.54 

Modest predictability

ProShares UltraShort Bloomberg Natrl Gas has modest predictability. Overlapping area represents the amount of predictability between ProShares UltraShort time series from May 25, 2018 to June 9, 2018 and June 9, 2018 to June 24, 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 UltraShort price movement. The serial correlation of 0.54 indicates that about 54.0% of current ProShares UltraShort price fluctuation can be explain by its past prices.
Correlation Coefficient 0.54
Spearman Rank Test 0.03
Price Variance 0.52
Lagged Price Variance 0.58

ProShares UltraShort lagged returns against current returns

 Current and Lagged Values 
      Timeline 

ProShares UltraShort regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

ProShares UltraShort Lagged Returns

 Regressed Prices 
      Timeline 

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Please see also ProShares UltraShort Hype Analysis, ProShares UltraShort Correlation, Portfolio Optimization, ProShares UltraShort Volatility as well as analyze ProShares UltraShort Alpha and Beta and ProShares UltraShort Performance. Please also try Insider Screener module to find insiders across different sectors to evaluate their impact on performance.