|ProShares UltraShort Bloomberg Natrl Gas -- USA Etf|| |
USD 44.52 0.77 1.7%
The etf holds Beta of 0.5904 which implies as returns on market increase, ProShares UltraShort returns are expected to increase less than the market. However during bear market, the loss on holding ProShares UltraShort will be expected to be smaller as well.. Although it is vital to follow to ProShares UltraShort
current trending patterns, it is good to be conservative about what you can actually do with the information regarding equity existing price patterns
. Macroaxis philosophy towards forecasting future performance of any etf is to look not only at its past charts but also at the business as a whole, including all fundamental and technical indicators
. To evaluate if ProShares UltraShort expected return of 1.3077 will be sustainable into the future, we have found twenty-one different technical indicators
which can help you to check if the expected returns are sustainable.
ProShares UltraShort Relative Risk vs. Return Landscape
If you would invest 3,457
in ProShares UltraShort Bloomberg Natrl Gas on November 12, 2017
and sell it today you would earn a total of 995
from holding ProShares UltraShort Bloomberg Natrl Gas or generate 28.78%
return on investment over 30
days. ProShares UltraShort Bloomberg Natrl Gas is currenly generating 1.3077% of daily expected returns and assumes 4.5183% risk (volatility on return distribution) over the 30 days horizon. In different words, 42% of equities are less volatile than ProShares UltraShort Bloomberg Natrl Gas and 76% of traded equity instruments are projected to make higher returns than the company over the 30 days investment horizon.
Daily Expected Return (%)
Given the investment horizon of 30 days, ProShares UltraShort Bloomberg Natrl Gas is expected to generate 8.96 times more return on investment than the market. However, the company is 8.96 times more volatile than its market benchmark. It trades about 0.29 of its potential returns per unit of risk. The DOW is currently generating roughly 0.38 per unit of risk.
ProShares UltraShort Realized Returns
ProShares UltraShort Daily Price Distribution
The median price of ProShares UltraShort for the period between Sun, Nov 12, 2017 and Tue, Dec 12, 2017 is 37.64 with a coefficient of variation of 9.62. The daily time series for the period is distributed with a sample standard deviation of 3.69, arithmetic mean of 38.33, and mean deviation of 2.97. The Etf did not receive any noticable media coverage during the period.