ProShares UltraShort Backtesting

SDS -- USA Etf  

USD 37.14  0.32  0.87%

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
SymbolX
Backtest

ProShares UltraShort 'What if' Analysis

May 20, 2018
0.00
No Change 0.00  0.0%
In 31 days
June 19, 2018
0.00
If you would invest  0.00  in ProShares UltraShort on May 20, 2018 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 Direxion Daily, ProShares Ultra, ProShares Ultra, ProShares Ultra, ProShares UltraPro, Direxion Daily, and ProShares UltraSh. The investment seeks daily investment results, before fees and expenses, that correspond to two times the inverse of the...

ProShares UltraShort Upside/Downside Indicators

Information Ratio0.14
Maximum Drawdown4.97
Value At Risk2.12
Potential Upside1.39
  

ProShares UltraShort Market Premium Indicators

Risk Adjusted Performance0.01

ProShares UltraShort Backtested Returns

Macroaxis considers ProShares UltraShort to be not too risky. ProShares UltraShort maintains Sharpe Ratio (i.e. Efficiency) of -0.0449 which implies ProShares UltraShort had -0.0449% 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 706.17 and Risk Adjusted Performance of 0.01 to confirm risk estimate we provide. The etf holds Beta of 0.0 which implies the returns on MARKET and ProShares UltraShort are completely uncorrelated. 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(0.16) 

Insignificant reverse predictability

ProShares UltraShort SP500 has insignificant reverse predictability. Overlapping area represents the amount of predictability between ProShares UltraShort time series from May 20, 2018 to June 4, 2018 and June 4, 2018 to June 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 -0.16 indicates that over 16.0% of current ProShares UltraShort price fluctuation can be explain by its past prices. Given that ProShares UltraShort SP500 has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of ProShares UltraShort for similar time interval.
Correlation Coefficient -0.16
Spearman Rank Test 0.01
Price Variance 0.12
Lagged Price Variance 0.19

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 Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - SDS

ProShares UltraShort Investor Sentiment
Greater number of Macroaxis users are at this time bullish on ProShares UltraShort SP500. What is your perspective on investing in ProShares UltraShort SP500? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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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. Please also try Bollinger Bands module to use bollinger bands indicator to analyze target price for a given investing horizon.