ProShares UltraShort Backtesting

ProShares UltraShort SmallCap600 -- USA Etf  

USD 14.91  0.11  0.74%

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

December 20, 2017
0.00
No Change 0.00  0.0%
In 30 days
January 19, 2018
0.00
If you would invest  0.00  in ProShares UltraShort on December 20, 2017 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 30 days. ProShares UltraShort is related to or competes with ProShares Short, ProShares UltraShort, ProShares UltraPro, ProShares Short, ProShares UltraShort, and Direxion Daily. 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

  

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 -0.2631 which implies ProShares UltraShort had -0.2631% 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 (337.28) and Risk Adjusted Performance of (0.12) to confirm risk estimate we provide. The etf holds Beta of 0.2248 which implies as returns on market increase, ProShares UltraShort returns are expected to increase less than the market. However during bear market, the loss on holding ProShares UltraShort will be expected to be smaller as well.. 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 0.42 

Average predictability

ProShares UltraShort SmallCap600 has average predictability. Overlapping area represents the amount of predictability between ProShares UltraShort time series from December 20, 2017 to January 4, 2018 and January 4, 2018 to January 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 0.42 indicates that just about 42.0% of current ProShares UltraShort price fluctuation can be explain by its past prices.
Correlation Coefficient 0.42
Spearman Rank Test 0.44
Price Variance 0.07
Average Price 15.04

ProShares UltraShort Lagged Returns

 Regressed Prices 
      Timeline 

ProShares UltraShort Performance vs DOW

The median price of ProShares UltraShort for the period between Wed, Dec 20, 2017 and Fri, Jan 19, 2018 is 15.4799 with a coefficient of variation of 2.21. The daily time series for the period is distributed with a sample standard deviation of 0.34, arithmetic mean of 15.33, and mean deviation of 0.27. The Etf received some media coverage during the period.
Price Growth (%)  
      Timeline 
1
ProShares Short SmallCap600 Rises 0.33 percent for Jan 1001/10/2018