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.
|15 days auto-correlation|| 0.25 |
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|