This module allows you to analyze existing cross correlation between DOW and ProShares UltraShort Utilities. You can compare the effects of market volatilities on DOW and ProShares UltraShort 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 UltraShort. See also your portfolio center. Please also check ongoing floating volatility patterns of DOW and ProShares UltraShort.
|Time Horizon||30 Days Login to change|
Given the investment horizon of 30 days, DOW is expected to generate 3.74 times less return on investment than ProShares UltraShort. But when comparing it to its historical volatility, DOW is 3.62 times less risky than ProShares UltraShort. It trades about 0.55 of its potential returns per unit of risk. ProShares UltraShort Utilities is currently generating about 0.57 of returns per unit of risk over similar time horizon. If you would invest 2,387 in ProShares UltraShort Utilities on December 18, 2017 and sell it today you would earn a total of 402.01 from holding ProShares UltraShort Utilities or generate 16.84% return on investment over 30 days.