This module allows you to analyze existing cross correlation between DOW and ProShares UltraPro 3x Shrt Crude Oil ETF. You can compare the effects of market volatilities on DOW and ProShares UltraPro 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 UltraPro. See also your portfolio center. Please also check ongoing floating volatility patterns of DOW and ProShares UltraPro.
|Time Horizon||30 Days Login to change|
DOW vs. ProShares UltraPro 3x Shrt Cru
Given the investment horizon of 30 days, DOW is expected to under-perform the ProShares UltraPro. But the index apears to be less risky and, when comparing its historical volatility, DOW is 9.91 times less risky than ProShares UltraPro. The index trades about -0.05 of its potential returns per unit of risk. The ProShares UltraPro 3x Shrt Crude Oil ETF is currently generating about 0.07 of returns per unit of risk over similar time horizon. If you would invest 2,242 in ProShares UltraPro 3x Shrt Crude Oil ETF on May 24, 2018 and sell it today you would earn a total of 116.00 from holding ProShares UltraPro 3x Shrt Crude Oil ETF or generate 5.17% return on investment over 30 days.