ProShares UltraPro Backtesting

OILU -- USA Etf  

USD 49.11  0.04  0.08%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of ProShares UltraPro 3x Crude Oil ETF 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.
 Time Horizon     30 Days    Login   to change
SymbolX
Backtest

ProShares UltraPro 'What if' Analysis

June 18, 2018
0.00
No Change 0.00  0.0%
In 30 days
July 18, 2018
0.00
If you would invest  0.00  in ProShares UltraPro on June 18, 2018 and sell it all today you would earn a total of 0.00 from holding ProShares UltraPro 3x Crude Oil ETF or generate 0.0% return on investment in ProShares UltraPro over 30 days. ProShares UltraPro is related to or competes with United States, United States, PowerShares DB, VelocityShares 3x, PowerShares DB, ProShares UltraShort, and VelocityShares 3x. ProShares UltraPro 3x Crude Oil ETF is USA based ETF administrated by Brown Brothers Harriman Co.

ProShares UltraPro Upside/Downside Indicators

Downside Deviation7.42
Information Ratio0.0901
Maximum Drawdown29.16
Value At Risk10.90
Potential Upside9.18
  

ProShares UltraPro Market Premium Indicators

Risk Adjusted Performance0.0773
Jensen Alpha0.3904
Total Risk Alpha0.64
Sortino Ratio0.0753
Treynor Ratio0.3001

ProShares UltraPro 3x Backtested Returns

Macroaxis considers ProShares UltraPro not very risky given 1 month investment horizon. ProShares UltraPro 3x maintains Sharpe Ratio (i.e. Efficiency) of 0.0738 which implies ProShares UltraPro 3x had 0.0738% 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 UltraPro 3x which you can use to evaluate future volatility of the etf. Please employ ProShares UltraPro 3x Coefficient Of Variation of 887.73, Semi Deviation of 6.48 and Risk Adjusted Performance of 0.0773 to confirm if our risk estimates are consistent with your expectations. The etf holds Beta of 2.2929 which implies as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, ProShares UltraPro will likely underperform.. Although it is vital to follow to ProShares UltraPro 3x current trending patterns, it is good to be conservative about what you can actually do with the information regarding 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 UltraPro 3x technical indicators you can presently evaluate if the expected return of 0.4505% will be sustainable into the future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.83) 

Excellent reverse predictability

ProShares UltraPro 3x Crude Oil ETF has excellent reverse predictability. Overlapping area represents the amount of predictability between ProShares UltraPro time series from June 18, 2018 to July 3, 2018 and July 3, 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 UltraPro 3x price movement. The serial correlation of -0.83 indicates that around 83.0% of current ProShares UltraPro price fluctuation can be explain by its past prices. Given that ProShares UltraPro 3x Crude Oil ETF has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of ProShares UltraPro for similar time interval.
Correlation Coefficient -0.83
Spearman Rank Test -0.69
Price Variance 24.51
Lagged Price Variance 43.01

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 Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - OILU

ProShares UltraPro 3x Investor Sentiment
Macroaxis portfolio users are evenly split in their perspective on investing in ProShares UltraPro 3x Crude Oil ETF. What is your perspective on investing in ProShares UltraPro 3x Crude Oil ETF? Are you bullish or bearish?
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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. Please also try Focused Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.