|ProShares UltraShort Bloomberg Natrl Gas -- USA Etf|| |
USD 35.38 0.15 0.43%
The etf holds Beta of 2.2821 which implies as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, ProShares UltraShort will likely underperform.. Although it is extremely important to respect ProShares UltraShort
current trending patternss, it is better to be realistic regarding the information on equity existing price patterns
. The philosophy towards forecasting future performance of any etf is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators
. By analyzing ProShares UltraShort technical indicators
you can presently evaluate if the expected return of 0.2266% will be sustainable into the future.
Relative Risk vs. Return Landscape
If you would invest 3,372
in ProShares UltraShort Bloomberg Natrl Gas on September 22, 2017
and sell it today you would earn a total of 151
from holding ProShares UltraShort Bloomberg Natrl Gas or generate 4.48%
return on investment over 30
days. ProShares UltraShort Bloomberg Natrl Gas is currenly generating 0.2266% of daily expected returns and assumes 2.3921% risk (volatility on return distribution) over the 30 days horizon. In different words, 22% of equities are less volatile than ProShares UltraShort Bloomberg Natrl Gas and 96% 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 8.88 times more return on investment than the market. However, the company is 8.88 times more volatile than its market benchmark. It trades about 0.09 of its potential returns per unit of risk. The DOW is currently generating roughly 0.73 per unit of risk.
ProShares UltraShort Realized Returns
ProShares UltraShort Daily Price Distribution
The median price of ProShares UltraShort for the period between Fri, Sep 22, 2017 and Sun, Oct 22, 2017 is 35.38 with a coefficient of variation of 3.72. The daily time series for the period is distributed with a sample standard deviation of 1.31, arithmetic mean of 35.15, and mean deviation of 1.05. The Etf received some media coverage during the period.