ProShares UltraShort Backtesting

ProShares UltraShort Bloomberg Crude Oil -- USA Etf  

USD 17.58  1.26  6.69%

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.
 Time Horizon     30 Days    Login   to change
SymbolX
Backtest

ProShares UltraShort 'What if' Analysis

February 18, 2018
0.00
No Change 0.00  0.0%
In 2 months and 2 days
April 19, 2018
0.00
If you would invest  0.00  in ProShares UltraShort on February 18, 2018 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 60 days. ProShares UltraShort is related to or competes with United States, iPath SP, United States, PowerShares DB, VelocityShares 3x, PowerShares DB, and VelocityShares 3x. ProShares UltraShort Bloomberg Crude Oil is USA based ETF administrated by Brown Brothers Harriman Co.

ProShares UltraShort Upside/Downside Indicators

Information Ratio0.19
Maximum Drawdown12.68
Value At Risk5.91
Potential Upside4.69
  

ProShares UltraShort Market Premium Indicators

Risk Adjusted Performance0.33
Jensen Alpha0.64
Total Risk Alpha0.57
Treynor Ratio1.49

ProShares UltraShort Backtested Returns

Macroaxis considers ProShares UltraShort to be not very volatile. ProShares UltraShort maintains Sharpe Ratio (i.e. Efficiency) of -0.1746 which implies ProShares UltraShort had -0.1746% of return per unit of risk over the last 2 months. 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 512.12 and Risk Adjusted Performance of 0.33 to confirm risk estimate we provide. The etf holds Beta of -0.4193 which implies as returns on market increase, returns on owning ProShares UltraShort are expected to decrease at a much smaller rate. During bear market, ProShares UltraShort is likely to outperform the market.. Even though it is essential to pay attention to ProShares UltraShort current trending patterns, 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 0.36 

Below average predictability

ProShares UltraShort Bloomberg Crude Oil has below average predictability. Overlapping area represents the amount of predictability between ProShares UltraShort time series from February 18, 2018 to March 20, 2018 and March 20, 2018 to April 19, 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 UltraShort price movement. The serial correlation of 0.36 indicates that just about 36.0% of current ProShares UltraShort price fluctuation can be explain by its past prices.
Correlation Coefficient 0.36
Spearman Rank Test 0.16
Price Variance 1.08
Lagged Price Variance 0.44

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 Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - SCO

ProShares UltraShort Investor Sentiment
Greater number of Macroaxis users are at this time bullish on ProShares UltraShort Bloomberg Crude Oil. What is your perspective on investing in ProShares UltraShort Bloomberg Crude Oil? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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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. Please also try Balance Of Power module to check stock momentum by analyzing balance of power indicator and other technical ratios.