This module allows you to analyze existing cross correlation between DOW and ProShares Ultra Bloomberg Natural Gas. You can compare the effects of market volatilities on DOW and ProShares Ultra and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in DOW with a short position of ProShares Ultra. See also your portfolio center. Please also check ongoing floating volatility patterns of DOW and ProShares Ultra.
|Time Horizon||30 Days Login to change|
Given the investment horizon of 30 days, DOW is expected to under-perform the ProShares Ultra. But the index apears to be less risky and, when comparing its historical volatility, DOW is 2.01 times less risky than ProShares Ultra. The index trades about -0.05 of its potential returns per unit of risk. The ProShares Ultra Bloomberg Natural Gas is currently generating about 0.22 of returns per unit of risk over similar time horizon. If you would invest 520.00 in ProShares Ultra Bloomberg Natural Gas on February 15, 2018 and sell it today you would earn a total of 44.00 from holding ProShares Ultra Bloomberg Natural Gas or generate 8.46% return on investment over 30 days.