|ProShares Ultra Bloomberg Natural Gas -- USA Etf|| |
USD 5.63 0.02 0.36%
The etf holds Beta of 3.5777 which implies as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, ProShares Ultra will likely underperform.. Even though it is essential to pay attention to ProShares Ultra Bloo
current trending patterns, it is always good to be careful when utilizing equity existing price patterns
. Macroaxis philosophy towards forecasting future performance of any etf is to check both, its past performance charts as well as the business as a whole, including all available technical indicators
. ProShares Ultra Bloo exposes twenty-one different technical indicators which can help you to evaluate its performance.
ProShares Ultra Bloo Relative Risk vs. Return Landscape
If you would invest 798
in ProShares Ultra Bloomberg Natural Gas on November 14, 2017
and sell it today you would lose (235)
from holding ProShares Ultra Bloomberg Natural Gas or give up 29.45%
of portfolio value over 30
days. ProShares Ultra Bloomberg Natural Gas is currenly does not generate positive expected returns and assumes 4.6172% risk (volatility on return distribution) over the 30 days horizon. In different words, 43% of equities are less volatile than ProShares Ultra Bloomberg Natural Gas and 99% of traded equity instruments are projected to make higher returns than the company over the 30 days investment horizon.
Daily Expected Return (%)
Given the investment horizon of 30 days, ProShares Ultra Bloomberg Natural Gas is expected to under-perform the market. In addition to that, the company is 9.19 times more volatile than its market benchmark. It trades about -0.32 of its total potential returns per unit of risk. The DOW is currently generating roughly 0.42 per unit of volatility.
ProShares Ultra Realized Returns
ProShares Ultra Daily Price Distribution
The median price of ProShares Ultra for the period between Tue, Nov 14, 2017 and Thu, Dec 14, 2017 is 7.34 with a coefficient of variation of 11.9. The daily time series for the period is distributed with a sample standard deviation of 0.85, arithmetic mean of 7.12, and mean deviation of 0.72. The Etf did not receive any noticable media coverage during the period.