ProShares Ultra Backtesting

ProShares Ultra Bloomberg Crude Oil -- USA Etf  

USD 26.26  0.16  0.61%

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

ProShares Ultra 'What if' Analysis

December 22, 2017
No Change 0.00  0.0%
In 31 days
January 21, 2018
If you would invest  0.00  in ProShares Ultra on December 22, 2017 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 30 days. ProShares Ultra is related to or competes with ProShares Ultra, VelocityShares 3x, VelocityShares 3x, DB Gold, ProShares Ultra, and UBS ETRACS. The investment seeks to provide daily investment results that correspond to twice the daily performance of the Bloomberg...

ProShares Ultra Upside/Downside Indicators


ProShares Ultra Market Premium Indicators

ProShares Ultra Bloo lagged returns against current returns

 Current and Lagged Values 

ProShares Ultra regressed lagged prices vs. current prices

 Current vs Lagged Prices 

ProShares Ultra Bloo Backtested Returns

Macroaxis considers ProShares Ultra not too volatile given 1 month investment horizon. ProShares Ultra Bloo maintains Sharpe Ratio (i.e. Efficiency) of 0.5136 which implies ProShares Ultra Bloo had 0.5136% 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 Ultra Bloo technical indicators you can presently evaluate if the expected return of 0.8503% is justified by implied risk. Please employ ProShares Ultra Bloo Coefficient Of Variation of 176.43 and Risk Adjusted Performance of 0.2579 to confirm if our risk estimates are consistent with your expectations. The etf holds Beta of 0.143 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 0.61 

Good predictability

ProShares Ultra Bloomberg Crude Oil has good predictability. Overlapping area represents the amount of predictability between ProShares Ultra 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 Ultra Bloo price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current ProShares Ultra price fluctuation can be explain by its past prices.
Correlation Coefficient 0.61
Spearman Rank Test 0.59
Price Variance 0.25
Lagged Price Variance 0.81

ProShares Ultra Lagged Returns

 Regressed Prices 

ProShares Ultra Performance vs DOW

The median price of ProShares Ultra for the period between Fri, Dec 22, 2017 and Sun, Jan 21, 2018 is 24.61 with a coefficient of variation of 7.12. The daily time series for the period is distributed with a sample standard deviation of 1.73, arithmetic mean of 24.27, and mean deviation of 1.51. The Etf received some media coverage during the period.
Price Growth (%)  
Trending Higher or Stalling Out Stock Update on Ultra DJ-UBS...01/18/2018