ProShares UltraShort Backtesting

ProShares UltraShort Bloomberg Crude Oil -- USA Etf  

USD 33.12  0.01  0.03%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of ProShares UltraShort Bloomberg Crude Oil and determine expected loss or profit from investing in ProShares UltraShort over given investment horizon. Also please take a look at 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
Investment Horizon     30 Days    Login   to change
SymbolX
Backtest

ProShares UltraShort 'What if' Analysis

September 19, 2017
 0.00 
No Change 0.00  0.0%
In 31 days
October 19, 2017
 0.00 
If you would invest  0.00  in ProShares UltraShort on September 19, 2017 and sell it all today you would earn a total of 0.00 from holding ProShares UltraShort Bloomberg Crude Oil or generate 0.0% return on investment in ProShares UltraShort over 30 days. ProShares UltraShort is related to or competes with VelocityShares 3x, DB Crude, ProShares UltraShort, DB Gold, and UBS ETRACS. The investment seeks to provide daily investment results that correspond to twice the inverse of the daily performance o...

ProShares UltraShort Upside/Downside Indicators

  

ProShares UltraShort Market Premium Indicators

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 Backtested Returns

Macroaxis considers ProShares UltraShort to be not too volatile. ProShares UltraShort maintains Sharpe Ratio (i.e. Efficiency) of -0.1204 which implies ProShares UltraShort had -0.1204% 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 (812.73) and Risk Adjusted Performance of (0.018968) to confirm risk estimate we provide. The etf holds Beta of 4.9313 which implies as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, ProShares UltraShort will likely underperform.. Even though it is essential to pay attention to ProShares UltraShort 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 UltraShort exposes twenty-one different technical indicators which can help you to evaluate its performance.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.17 

Very weak predictability

ProShares UltraShort Bloomberg Crude Oil has very weak predictability. Overlapping area represents the amount of predictability between ProShares UltraShort time series from September 19, 2017 to October 4, 2017 and October 4, 2017 to October 19, 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 UltraShort price movement. The serial correlation of 0.17 indicates that over 17.0% of current ProShares UltraShort price fluctuation can be explain by its past prices.
Correlation Coefficient 0.17
Spearman Rank Test -0.06
Price Variance 1.59
Lagged Price Variance 1.11

ProShares UltraShort Lagged Returns

 Regressed Prices 
      Timeline 

ProShares UltraShort Performance vs DOW

The median price of ProShares UltraShort for the period between Tue, Sep 19, 2017 and Thu, Oct 19, 2017 is 34.73 with a coefficient of variation of 3.36. The daily time series for the period is distributed with a sample standard deviation of 1.16, arithmetic mean of 34.48, and mean deviation of 0.98. The Etf did not receive any noticable media coverage during the period.
Price Growth (%)  
      Timeline