ProShares Ultra Technical Analysis

ProShares Ultra Silver -- USA Etf  

USD 32.63  0.76  2.28%

ProShares Ultra Silver holds Coefficient Of Variation of 2,268 and Risk Adjusted Performance of 0.071457. ProShares Ultra Silver technical analysis gives you tools to exploit past prices in attempt to determine a pattern that determines the direction of the etf future prices. In other words you can use this information to find out if the etf will indeed mirror its model of past market data or the prices will eventually revert. We found nineteen technical drivers for ProShares Ultra Silver which can be compared to its competitors. Please check ProShares Ultra Silver Jensen Alpha as well as the relationship between Potential Upside and Skewness to decide if ProShares Ultra Silver is priced some-what accurately providing market reflects its current price of 32.63 per share.
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ProShares Ultra Silver Technical Analysis

Time Period
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The output start index for this execution was six with a total number of output elements of eleven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of ProShares Ultra Silver volatility. High ATR values indicate high volatility, and low values indicate low volatility. View also all equity analysis or get more info about average true range volatility indicators indicator.

ProShares Ultra Silver Trend Analysis

Use this graph to draw trend lines for ProShares Ultra Silver. You can use it to identify possible trend reversals for ProShares Ultra as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual ProShares Ultra price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

ProShares Ultra Best Fit Change Line

The following chart estimates an ordinary least squares regression model for ProShares Ultra Silver applied against its price change over selected period. The best fit line has a slop of 0.17 % which may imply that the returns on investment in ProShares Ultra Silver will continue to fail. It has 34 observation points and a regression sum of squares at 23.66, which is the sum of squared deviations for the predicted ProShares Ultra price change compared to its average price change.

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Pair Correlation

Compare performance and examine historical correlation between any two equity instruments
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ProShares Ultra Silver is second largest ETF in mean deviation as compared to similar ETFs. It is currently under evaluation in standard deviation as compared to similar ETFs creating about  1.42  of Standard Deviation per Mean Deviation. The ratio of Standard Deviation to Mean Deviation for ProShares Ultra Silver is roughly  1.42 

One Year Return

ProShares Ultra Silver One Year Return
Based on recorded statements ProShares Ultra Silver has One Year Return of 5.49%. This is 207.02% lower than that of the ProShares family, and 139.69% lower than that of Trading--Leveraged Commodities category, The One Year Return for all etfs is 539.2% lower than the firm.
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      ProShares Ultra Comparables 
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.

Fundamentals Correlations

Analyze ProShares Ultra Fundamentals Trends

ProShares Ultra Market Strength

ProShares Ultra February 19, 2018 Daily Price Condition