ProShares UltraShort Performance

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.
Investment Horizon     30 Days    Login   to change

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 (%) 
      Risk (%) 
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.
6 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in ProShares UltraShort Bloomberg Natrl Gas are ranked lower than 6 (%) of all global equities and portfolios over the last 30 days.

One Month Efficiency

ProShares UltraShort Sharpe Ratio = 0.0947
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Estimated Market Risk

 2.39
  actual daily
 
 78 %
of total potential
  

Expected Return

 0.23
  actual daily
 
 4 %
of total potential
  

Risk-Adjusted Return

 0.09
  actual daily
 
 6 %
of total potential
  
Based on monthly moving average ProShares UltraShort is performing at about 6% 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.