ProShares Ultra Backtesting

ProShares Ultra Bloomberg Crude Oil -- USA Etf  

USD 28.68  1.56  5.16%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of ProShares Ultra Bloomberg Crude Oil and determine expected loss or profit from investing in ProShares Ultra over given investment horizon. Also please take a look at ProShares Ultra Hype Analysis, ProShares Ultra Correlation, Portfolio Optimization, ProShares Ultra Volatility as well as analyze ProShares Ultra Alpha and Beta and ProShares Ultra Performance.
 Time Horizon     30 Days    Login   to change
SymbolX
Backtest

ProShares Ultra 'What if' Analysis

February 19, 2018
0.00
No Change 0.00  0.0%
In 2 months and 1 day
April 20, 2018
0.00
If you would invest  0.00  in ProShares Ultra on February 19, 2018 and sell it all today you would earn a total of 0.00 from holding ProShares Ultra Bloomberg Crude Oil or generate 0.0% return on investment in ProShares Ultra over 60 days. ProShares Ultra is related to or competes with United States, iPath SP, United States, PowerShares DB, VelocityShares 3x, ProShares UltraShort, and POWERSHARES DB. The investment seeks to provide daily investment results that correspond to twice the daily performance of the Bloomberg...

ProShares Ultra Upside/Downside Indicators

Downside Deviation2.92
Information Ratio0.1775
Maximum Drawdown11.42
Value At Risk4.57
Potential Upside5.89
  

ProShares Ultra Market Premium Indicators

Risk Adjusted Performance0.2928
Jensen Alpha0.5454
Total Risk Alpha0.5934
Sortino Ratio0.1934
Treynor Ratio1.26

ProShares Ultra Bloo Backtested Returns

Macroaxis considers ProShares Ultra not very risky given 2 months investment horizon. ProShares Ultra Bloo maintains Sharpe Ratio (i.e. Efficiency) of 0.1643 which implies ProShares Ultra Bloo had 0.1643% of return per unit of risk over the last 2 months. 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 Ultra Bloo technical indicators you can presently evaluate if the expected return of 0.5352% is justified by implied risk. Please employ ProShares Ultra Bloo Coefficient Of Variation of 587.26, Semi Deviation of 2.4 and Risk Adjusted Performance of 0.2928 to confirm if our risk estimates are consistent with your expectations. The etf holds Beta of 0.4208 which implies as returns on market increase, ProShares Ultra returns are expected to increase less than the market. However during bear market, the loss on holding ProShares Ultra will be expected to be smaller as well.. Although it is vital to follow to ProShares Ultra Bloo 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-one technical indicators for ProShares Ultra Bloo which you can use to evaluate performance of the etf.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.21 

Weak predictability

ProShares Ultra Bloomberg Crude Oil has weak predictability. Overlapping area represents the amount of predictability between ProShares Ultra time series from February 19, 2018 to March 21, 2018 and March 21, 2018 to April 20, 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 Ultra Bloo price movement. The serial correlation of 0.21 indicates that over 21.0% of current ProShares Ultra price fluctuation can be explain by its past prices.
Correlation Coefficient 0.21
Spearman Rank Test -0.06
Price Variance 2.03
Lagged Price Variance 0.6

ProShares Ultra Bloo lagged returns against current returns

 Current and Lagged Values 
      Timeline 

ProShares Ultra regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

ProShares Ultra Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - UCO

ProShares Ultra Bloo Investor Sentiment
Greater number of Macroaxis users are at this time bullish on ProShares Ultra Bloomberg Crude Oil. What is your perspective on investing in ProShares Ultra Bloomberg Crude Oil? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Also please take a look at ProShares Ultra Hype Analysis, ProShares Ultra Correlation, Portfolio Optimization, ProShares Ultra Volatility as well as analyze ProShares Ultra Alpha and Beta and ProShares Ultra Performance. Please also try Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of macroaxis ideas.