Our philosophy towards forecasting volatility of a etf is to use all available market data together with company specific technical indicators
that cannot be diversified away. We have found twenty-six technical indicators
for ProShares UltraShort which you can use to evaluate future volatility of the etf. Please check ProShares UltraShort Coefficient Of Variation
of 3,786 and Risk Adjusted Performance of 0.010138 to confirm if risk estimate we provide are consistent with the epected return of 0.0%. The etf holds Beta of -0.1396 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.. Although it is extremely important to respect ProShares UltraShort current trending patterns, it is better to be realistic regarding the information on equity existing price patterns. The philosophy towards forecasting future performance of any etf is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By analyzing ProShares UltraShort technical indicators you can presently evaluate if the expected return of 0.0% will be sustainable into the future.
|15 days auto-correlation|| 0.00 |
No correlation between past and present
ProShares UltraShort SmallCap600 has no correlation between past and present. Overlapping area represents the amount of predictability between ProShares UltraShort time series from June 17, 2018 to July 2, 2018 and July 2, 2018 to July 17, 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 0.0 indicates that just 0.0% of current ProShares UltraShort price fluctuation can be explain by its past prices.
|Average Price|| 12.21|
|Lagged Average Price|| 12.21|