ProShares UltraShort Backtesting

ProShares UltraShort Utilities -- USA Etf  

USD 28.01  0.09  0.32%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of ProShares UltraShort Utilities 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 22, 2017
0.00
No Change 0.00  0.0%
In 31 days
January 21, 2018
0.00
If you would invest  0.00  in ProShares UltraShort on December 22, 2017 and sell it all today you would earn a total of 0.00 from holding ProShares UltraShort Utilities 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...

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 not too volatile given 1 month investment horizon. ProShares UltraShort maintains Sharpe Ratio (i.e. Efficiency) of 0.4266 which implies ProShares UltraShort had 0.4266% of return per unit of risk over the last 1 month. 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. By analyzing ProShares UltraShort technical indicators you can presently evaluate if the expected return of 0.5185% is justified by implied risk. Please employ ProShares UltraShort Standard Deviation of 1.42, Downside Deviation of 0.8173 and Risk Adjusted Performance of 0.2328 to confirm if our risk estimates are consistent with your expectations. The etf holds Beta of -0.3406 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 vital to follow to ProShares UltraShort current trending patterns, it is good to be conservative about what you can actually do with the information regarding 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. We have found twenty technical indicators for ProShares UltraShort which you can use to evaluate performance of the etf.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.43 

Average predictability

ProShares UltraShort Utilities has average predictability. Overlapping area represents the amount of predictability between ProShares UltraShort time series from December 22, 2017 to January 6, 2018 and January 6, 2018 to January 21, 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 0.43 indicates that just about 43.0% of current ProShares UltraShort price fluctuation can be explain by its past prices.
Correlation Coefficient 0.43
Spearman Rank Test 0.62
Price Variance 0.34
Lagged Price Variance 0.21

ProShares UltraShort Lagged Returns

 Regressed Prices 
      Timeline 

ProShares UltraShort Performance vs DOW

The median price of ProShares UltraShort for the period between Fri, Dec 22, 2017 and Sun, Jan 21, 2018 is 26.21 with a coefficient of variation of 4.54. The daily time series for the period is distributed with a sample standard deviation of 1.19, arithmetic mean of 26.28, and mean deviation of 1.0. The Etf received some media coverage during the period.
Price Growth (%)  
      Timeline 
1
ProShares UltraShort Utilities Rises 0.72 percent for Jan 1601/16/2018