ProShares Ultra Technical Analysis

ProShares Ultra Bloomberg Natural Gas -- USA Etf  

USD 8.18  0.11  1.33%

ProShares Ultra Bloomberg Natural Gas holds Coefficient Of Variation of (936.56) and Risk Adjusted Performance of (0.018825). 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 8.18 per share.
Investment Horizon     30 Days    Login   to change

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 0.02 % 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 0.19, 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 Bloomberg Natural Gas is third 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  1.32  of Standard Deviation per Mean Deviation. The ratio of Standard Deviation to Mean Deviation for ProShares Ultra Bloomberg Natural Gas is roughly  1.32 

One Year Return

ProShares Ultra Bloo One Year Return
Based on recorded statements ProShares Ultra Bloomberg Natural Gas has One Year Return of -39.64%. This is 672.71% higher than that of the ProShares family, and 186.58% higher than that of Trading--Leveraged Commodities category, The One Year Return for all etfs is 3071.2% higher than the company.
  Year Return 
      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