ProShares UltraShort Backtesting

KOLD -- USA Etf  

USD 36.57  0.75  2.01%

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.
Horizon     30 Days    Login   to change
SymbolX
Backtest

ProShares UltraShort 'What if' Analysis

August 26, 2018
0.00
No Change 0.00  0.0%
In 30 days
September 25, 2018
0.00
If you would invest  0.00  in ProShares UltraShort on August 26, 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 BMO REX, Salt Trubeta, Pulse Electronics, Fidelity Low, Alliance Healthcare, Communication Services, and Ishares Inflation. 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

Information Ratio0.06
Maximum Drawdown14.81
Value At Risk4.41
Potential Upside3.48
  

ProShares UltraShort Market Premium Indicators

Risk Adjusted Performance0.0045
Jensen Alpha0.1623
Total Risk Alpha0.96
Treynor Ratio0.0258

ProShares UltraShort Backtested Returns

Macroaxis considers ProShares UltraShort to be not very risky. ProShares UltraShort maintains Sharpe Ratio (i.e. Efficiency) of -0.0996 which implies ProShares UltraShort had -0.0996% 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 UltraShort exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check ProShares UltraShort Coefficient Of Variation of 12,430 and Risk Adjusted Performance of 0.0045 to confirm risk estimate we provide. The etf holds Beta of -1.3193 which implies as returns on market increase, returns on owning ProShares UltraShort are expected to decrease by larger amounts. On the other hand, during market turmoil, ProShares UltraShort is expected to significantly outperform it.. Even though it is essential to pay attention to ProShares UltraShort current trending patterns, 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 UltraShort exposes twenty-one different technical indicators which can help you to evaluate its performance.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.84) 

Excellent reverse predictability

ProShares UltraShort Bloomberg Natrl Gas has excellent reverse predictability. Overlapping area represents the amount of predictability between ProShares UltraShort time series from August 26, 2018 to September 10, 2018 and September 10, 2018 to September 25, 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 -0.84 indicates that around 84.0% of current ProShares UltraShort price fluctuation can be explain by its past prices. Given that ProShares UltraShort Bloomberg Natrl Gas has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of ProShares UltraShort for similar time interval.
Correlation Coefficient-0.84
Spearman Rank Test-0.31
Residual Average0.0
Price Variance4.3

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 
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Current Sentiment - KOLD

ProShares UltraShort Investor Sentiment

Most of Macroaxis users are now bullish on ProShares UltraShort Bloomberg Natrl Gas. What is your perspective on investing in ProShares UltraShort Bloomberg Natrl Gas? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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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 Instant Ratings module to determine any equity ratings based on digital recommendations. macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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