Macroaxis considers ProShares Ultra to be not too volatile. ProShares Ultra Bloo maintains Sharpe Ratio (i.e. Efficiency) of -0.0271 which implies ProShares Ultra Bloo had -0.0271% of return per unit of risk over the last 1 month. Macroaxis philosophy towards forecasting risk of any etf is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. ProShares Ultra Bloo exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check ProShares Ultra Bloo Coefficient Of Variation of
7,834 and Risk Adjusted Performance of 0.01 to confirm risk estimate we provide.
|Time Horizon||30 Days Login to change|
ProShares Ultra Bloo Technical Analysis
Projected Return Density Against MarketGiven the investment horizon of 30 days, ProShares Ultra has beta of 0.0 . This suggests unless we do not have required data, the returns on DOW and ProShares Ultra are completely uncorrelated. Furthermore, ProShares Ultra Bloomberg Natural GasIt does not look like ProShares Ultra alpha can have any bearing on the equity current valuation.
Predicted Return Density