ProShares K Backtesting

ProShares K 1 Free Crude Oil Strategy -- USA Etf  

USD 23.68  0.15  0.63%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of ProShares K 1 Free Crude Oil Strategy and determine expected loss or profit from investing in ProShares K over given investment horizon. Additionally take a look at ProShares K Hype Analysis, ProShares K Correlation, Portfolio Optimization, ProShares K Volatility as well as analyze ProShares K Alpha and Beta and ProShares K Performance
 Time Horizon     30 Days    Login   to change

ProShares K 'What if' Analysis

February 22, 2018
No Change 0.00  0.0%
In 31 days
March 24, 2018
If you would invest  0.00  in ProShares K on February 22, 2018 and sell it all today you would earn a total of 0.00 from holding ProShares K 1 Free Crude Oil Strategy or generate 0.0% return on investment in ProShares K over 30 days. ProShares K is related to or competes with United States, iPath SP, PowerShares DB, United States, ProShares UltraShort, and VelocityShares 3x. ProShares K 1 Free Crude Oil Strategy is USA based ETF administrated by J.P

ProShares K Upside/Downside Indicators


ProShares K Market Premium Indicators

ProShares K 1 lagged returns against current returns

 Current and Lagged Values 

ProShares K regressed lagged prices vs. current prices

 Current vs Lagged Prices 

ProShares K 1 Backtested Returns

Macroaxis considers ProShares K not too volatile given 1 month investment horizon. ProShares K 1 maintains Sharpe Ratio (i.e. Efficiency) of 0.1454 which implies ProShares K 1 had 0.1454% 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-one technical indicators for ProShares K 1 which you can use to evaluate future volatility of the etf. Please employ ProShares K 1 Coefficient Of Variation of 1170.72, Semi Deviation of 1.0 and Risk Adjusted Performance of 0.0872 to confirm if our risk estimates are consistent with your expectations. The etf holds Beta of -0.4787 which implies as returns on market increase, returns on owning ProShares K are expected to decrease at a much smaller rate. During bear market, ProShares K is likely to outperform the market.. Although it is extremely important to respect ProShares K 1 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 K 1 technical indicators you can presently evaluate if the expected return of 0.2196% will be sustainable into the future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.36) 

Poor reverse predictability

ProShares K 1 Free Crude Oil Strategy has poor reverse predictability. Overlapping area represents the amount of predictability between ProShares K time series from February 22, 2018 to March 9, 2018 and March 9, 2018 to March 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 K 1 price movement. The serial correlation of -0.36 indicates that just about 36.0% of current ProShares K price fluctuation can be explain by its past prices. Given that ProShares K 1 Free Crude Oil Strategy has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of ProShares K for similar time interval.
Correlation Coefficient -0.36
Spearman Rank Test 0.12
Price Variance 0.23
Lagged Price Variance 0.14

ProShares K Lagged Returns

 Regressed Prices 

ProShares K Performance vs DOW

The median price of ProShares K for the period between Thu, Feb 22, 2018 and Sat, Mar 24, 2018 is 21.86039925 with a coefficient of variation of 69.93. The daily time series for the period is distributed with a sample standard deviation of 10.53, arithmetic mean of 15.05, and mean deviation of 9.58. The Etf received some media coverage during the period.
 Price Growth (%)  
ProShares K-1 Free Crude Oil Strategy ETF Shares Bought by V...03/11/2018