ProShares UltraPro Backtesting

ProShares UltraPro 3x Short Crude Oil -- USA Etf  

USD 17.14  0.5  2.83%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of ProShares UltraPro 3x Short Crude Oil and determine expected loss or profit from investing in ProShares UltraPro over given investment horizon. Additionally take a look at ProShares UltraPro Hype Analysis, ProShares UltraPro Correlation, Portfolio Optimization, ProShares UltraPro Volatility as well as analyze ProShares UltraPro Alpha and Beta and ProShares UltraPro Performance
Investment Horizon     30 Days    Login   to change
SymbolX
Backtest

ProShares UltraPro 'What if' Analysis

September 17, 2017
 0.00 
No Change 0.00  0.0%
In 30 days
October 17, 2017
 0.00 
If you would invest  0.00  in ProShares UltraPro on September 17, 2017 and sell it all today you would earn a total of 0.00 from holding ProShares UltraPro 3x Short Crude Oil or generate 0.0% return on investment in ProShares UltraPro over 30 days. ProShares UltraPro is related to or competes with DB Commodity, General Electric, Home Depot, Microsoft, Verizon Communications, and Intel. The investment seeks to return a multiple of the performance of the Bloomberg WTI Crude Oil Subindex for a single day

ProShares UltraPro Upside/Downside Indicators

  

ProShares UltraPro Market Premium Indicators

ProShares UltraPro 3x lagged returns against current returns

 Current and Lagged Values 
      Timeline 

ProShares UltraPro regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

ProShares UltraPro 3x Backtested Returns

Macroaxis considers ProShares UltraPro to be moderately volatile. ProShares UltraPro 3x maintains Sharpe Ratio (i.e. Efficiency) of -0.0996 which implies ProShares UltraPro 3x 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 UltraPro 3x exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check ProShares UltraPro 3x Coefficient Of Variation of (1,093) and Risk Adjusted Performance of (0.011667) to confirm risk estimate we provide. The etf holds Beta of 0.3349 which implies as returns on market increase, ProShares UltraPro returns are expected to increase less than the market. However during bear market, the loss on holding ProShares UltraPro will be expected to be smaller as well.. Even though it is essential to pay attention to ProShares UltraPro 3x 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 UltraPro 3x exposes twenty-one different technical indicators which can help you to evaluate its performance.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.2 

Weak predictability

ProShares UltraPro 3x Short Crude Oil has weak predictability. Overlapping area represents the amount of predictability between ProShares UltraPro time series from September 17, 2017 to October 2, 2017 and October 2, 2017 to October 17, 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 UltraPro 3x price movement. The serial correlation of 0.2 indicates that over 20.0% of current ProShares UltraPro price fluctuation can be explain by its past prices.
Correlation Coefficient 0.2
Spearman Rank Test 0.41
Price Variance 0.73
Lagged Price Variance 0.68

ProShares UltraPro Lagged Returns

 Regressed Prices 
      Timeline 

ProShares UltraPro Performance vs DOW

The median price of ProShares UltraPro for the period between Sun, Sep 17, 2017 and Tue, Oct 17, 2017 is 18.68 with a coefficient of variation of 4.82. The daily time series for the period is distributed with a sample standard deviation of 0.89, arithmetic mean of 18.39, and mean deviation of 0.75. The Etf did not receive any noticable media coverage during the period.
Price Growth (%)  
      Timeline