ProShares Ultra Bloomberg Natural Gas holds Coefficient Of Variation of
(325.95) and Risk Adjusted Performance of (0.15). 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 6.01 per share.
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ProShares Ultra Bloo Trend AnalysisUse 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 LineThe 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 0.12 % 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 11.62, which is the sum of squared deviations for the predicted ProShares Ultra price change compared to its average price change.
ProShares Ultra Bloomberg Natural Gas is the top ETF in mean deviation as compared to similar ETFs. It is currently under evaluation in standard deviation as compared to similar ETFs creating about 1.25 of Standard Deviation per Mean Deviation. The ratio of Standard Deviation to Mean Deviation for ProShares Ultra Bloomberg Natural Gas is roughly 1.25