We consider ProShares K not too volatile. ProShares K 1
maintains Sharpe Ratio (i.e. Efficiency) of 0.0944 which implies ProShares K 1
had 0.0944% 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 check ProShares K 1 to confirm if risk estimate we provide are consistent with the epected return of 0.173%. The etf holds Beta of 0.0 which implies the returns on MARKET and ProShares K are completely uncorrelated. 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 0.173% will be sustainable into the future.
|15 days auto-correlation|| 0.00 |
No correlation between past and present
ProShares K 1 Free Crude Oil Strategy has no correlation between past and present. Overlapping area represents the amount of predictability between ProShares K time series from June 18, 2018 to July 3, 2018 and July 18, 2018 to July 18, 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 0.0 indicates that just 0.0% of current ProShares K price fluctuation can be explain by its past prices.
|Average Price|| 24.89|
|Lagged Average Price|| 23.86|