ProShares UltraShort Backtesting

ProShares UltraShort SP500 -- USA Etf  

USD 37.62  0.54  1.42%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of ProShares UltraShort SP500 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

ProShares UltraShort 'What if' Analysis

December 18, 2017
No Change 0.00  0.0%
In 31 days
January 17, 2018
If you would invest  0.00  in ProShares UltraShort on December 18, 2017 and sell it all today you would earn a total of 0.00 from holding ProShares UltraShort SP500 or generate 0.0% return on investment in ProShares UltraShort over 30 days. ProShares UltraShort is related to or competes with ProShares Short, 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 

ProShares UltraShort regressed lagged prices vs. current prices

 Current vs Lagged Prices 

ProShares UltraShort Backtested Returns

Macroaxis considers ProShares UltraShort to be not too risky. ProShares UltraShort maintains Sharpe Ratio (i.e. Efficiency) of -0.5141 which implies ProShares UltraShort had -0.5141% 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-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 (212.37) and Risk Adjusted Performance of (0.18) to confirm risk estimate we provide. The etf holds Beta of 0.3522 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-eight different technical indicators which can help you to evaluate its performance.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.05 

Virtually no predictability

ProShares UltraShort SP500 has virtually no predictability. Overlapping area represents the amount of predictability between ProShares UltraShort time series from December 18, 2017 to January 2, 2018 and January 2, 2018 to January 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 0.05 indicates that only as little as 5.0% of current ProShares UltraShort price fluctuation can be explain by its past prices.
Correlation Coefficient 0.05
Spearman Rank Test -0.04
Price Variance 0.59
Lagged Price Variance 0.03

ProShares UltraShort Lagged Returns

 Regressed Prices 

ProShares UltraShort Performance vs DOW

The median price of ProShares UltraShort for the period between Mon, Dec 18, 2017 and Wed, Jan 17, 2018 is 40.77 with a coefficient of variation of 2.93. The daily time series for the period is distributed with a sample standard deviation of 1.17, arithmetic mean of 40.15, and mean deviation of 1.02. The Etf received some media coverage during the period.
December 26, 2017ProShares UltraShort Dividend Paid
Price Growth (%)  
5 ETF Ways Bond Bears Must Try in 201801/11/2018