ProShares Ultra Performance

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.
Investment Horizon     30 Days    Login   to change

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 (%) 
      Risk (%) 
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.
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Risk-Adjusted Performance

Over the last 30 days ProShares Ultra Bloomberg Natural Gas has generated negative risk-adjusted returns adding no value to investors with long positions.

One Month Efficiency

ProShares Ultra Sharpe Ratio = -0.3182
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Estimated Market Risk

 4.62
  actual daily
 
 57 %
of total potential
  

Expected Return

 -1.47
  actual daily
 
 1 %
of total potential
  

Risk-Adjusted Return

 -0.32
  actual daily
 
 1 %
of total potential
  
Based on monthly moving average ProShares Ultra is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of ProShares Ultra by adding it to a well-diversified portfolio.