ProShares UltraShort Performance

ProShares UltraShort Bloomberg Natrl Gas -- USA Etf  

USD 42.95  1.74  3.89%

The etf holds Beta of -0.2989 which implies as returns on market increase, returns on owning ProShares UltraShort are expected to decrease at a much smaller rate. During bear market, ProShares UltraShort is likely to outperform the market.. Even though it is essential to pay attention to ProShares UltraShort current trending patterns, it is always good to be careful when utilizing equity existing price patterns. Macroaxis philosophy towards forecasting future performance of any etf is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. ProShares UltraShort exposes twenty-one different technical indicators which can help you to evaluate its performance.
 Time Horizon     30 Days    Login   to change

ProShares UltraShort Relative Risk vs. Return Landscape

If you would invest  4,480  in ProShares UltraShort Bloomberg Natrl Gas on March 22, 2018 and sell it today you would lose (185.00)  from holding ProShares UltraShort Bloomberg Natrl Gas or give up 4.13% of portfolio value over 30 days. ProShares UltraShort Bloomberg Natrl Gas is currenly does not generate positive expected returns and assumes 2.1697% risk (volatility on return distribution) over the 30 days horizon. In different words, 19% of equities are less volatile than ProShares UltraShort Bloomberg Natrl Gas and 99% of traded equity instruments are projected to make higher returns than the company over the 30 days investment horizon.
 Daily Expected Return (%) 
      Risk (%) 
Given the investment horizon of 30 days, ProShares UltraShort Bloomberg Natrl Gas is expected to under-perform the market. In addition to that, the company is 1.54 times more volatile than its market benchmark. It trades about -0.03 of its total potential returns per unit of risk. The DOW is currently generating roughly -0.02 per unit of volatility.

Performance Rating

ProShares UltraShort Bloomberg Natrl Gas Risk Adjusted Performance Analysis
0 

Risk-Adjusted Performance

Over the last 30 days ProShares UltraShort Bloomberg Natrl Gas has generated negative risk-adjusted returns adding no value to investors with long positions.

2 Months Efficiency

ProShares UltraShort Sharpe Ratio = -0.0336
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Estimated Market Risk
 2.17
  actual daily
 
 81 %
of total potential
  
Expected Return
 -0.07
  actual daily
 
 1 %
of total potential
  
Risk-Adjusted Return
 -0.03
  actual daily
 
 1 %
of total potential
  
Based on monthly moving average ProShares UltraShort is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of ProShares UltraShort by adding it to a well-diversified portfolio.
Please see also Stocks Correlation. Please also try Analyst Recommendations module to analyst recommendations and target price estimates broken down by several categories.