ProShares UltraShort Backtesting

ProShares UltraShort SmallCap600 -- USA Etf  

USD 14.69  0.07  0.48%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of ProShares UltraShort SmallCap600 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 25, 2018
0.00
No Change 0.00  0.0%
In 2 months and 2 days
April 26, 2018
0.00
If you would invest  0.00  in ProShares UltraShort on February 25, 2018 and sell it all today you would earn a total of 0.00 from holding ProShares UltraShort SmallCap600 or generate 0.0% return on investment in ProShares UltraShort over 60 days. ProShares UltraShort is related to or competes with SPDR SP, iShares Core, iShares Core, iShares Russell, iShares Russell, iShares Core, and ISHARE RUS. The investment seeks daily investment results before fees and expenses that correspond to two times the inverse of the d...

ProShares UltraShort Upside/Downside Indicators

Information Ratio0.033888
Maximum Drawdown11.27
Value At Risk3.98
Potential Upside4.0
  

ProShares UltraShort Market Premium Indicators

Risk Adjusted Performance0.068103
Jensen Alpha0.12
Total Risk Alpha0.06686
Treynor Ratio0.3986

ProShares UltraShort Backtested Returns

Macroaxis considers ProShares UltraShort to be not very volatile. ProShares UltraShort maintains Sharpe Ratio (i.e. Efficiency) of -0.0088 which implies ProShares UltraShort had -0.0088% 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-eight 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 2,318 and Risk Adjusted Performance of 0.068103 to confirm risk estimate we provide. The etf holds Beta of -0.2859 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-eight different technical indicators which can help you to evaluate its performance.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.25 

Poor predictability

ProShares UltraShort SmallCap600 has poor predictability. Overlapping area represents the amount of predictability between ProShares UltraShort time series from February 25, 2018 to March 27, 2018 and March 27, 2018 to April 26, 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 0.25 indicates that over 25.0% of current ProShares UltraShort price fluctuation can be explain by its past prices.
Correlation Coefficient 0.25
Spearman Rank Test 0.45
Price Variance 0.29
Lagged Price Variance 0.24

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 

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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 Money Managers module to screen money managers from public funds and etfs managed around the world.