ProShares Ultra Technical Analysis Overview

BOIL -- USA Etf  

USD 25.42  0.54  2.08%

ProShares Ultra Bloomberg Natural Gas holds Coefficient Of Variation of 237.27 and Risk Adjusted Performance of 0.25. ProShares Ultra Bloo 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 Bloo which can be compared to its competitors. Please check ProShares Ultra Bloo Jensen Alpha as well as the relationship between Potential Upside and Skewness to decide if ProShares Ultra Bloo is priced some-what accurately providing market reflects its current price of 25.42 per share.
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ProShares Ultra Bloo Technical Analysis

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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 Bloo 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 Bloo Trend Analysis

Use this graph to draw trend lines for ProShares Ultra Bloomberg Natural Gas. 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 Bloomberg Natural Gas applied against its price change over selected period. The best fit line has a slop of 0.3 % which may suggest that ProShares Ultra Bloomberg Natural Gas market price will keep on failing further. It has 34 observation points and a regression sum of squares at 74.81, which is the sum of squared deviations for the predicted ProShares Ultra price change compared to its average price change.

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ProShares Ultra Bloo One Year Return

Based on recorded statements ProShares Ultra Bloomberg Natural Gas has One Year Return of -41.85%. This is 715.79% higher than that of the ProShares family, and significantly lower than that of Energy category, The One Year Return for all etfs is 3248.0% higher than the company.
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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.

ProShares Ultra July 18, 2018 Daily Price Condition

Check also Trending Equities. Please also try Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.