ProShares UltraShort Performance

ProShares UltraShort Bloomberg Natrl Gas -- USA Etf  

USD 35.15  2.53  6.71%

The etf holds Beta of 4.8515 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.. 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-eight 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  4,943  in ProShares UltraShort Bloomberg Natrl Gas on December 24, 2017 and sell it today you would lose (1,428)  from holding ProShares UltraShort Bloomberg Natrl Gas or give up 28.89% of portfolio value over 30 days. ProShares UltraShort Bloomberg Natrl Gas is currenly does not generate positive expected returns and assumes 5.4436% risk (volatility on return distribution) over the 30 days horizon. In different words, 50% 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 11.76 times more volatile than its market benchmark. It trades about -0.34 of its total potential returns per unit of risk. The DOW is currently generating roughly 0.63 per unit of volatility.

ProShares UltraShort Realized Returns

ProShares UltraShort Daily Price Distribution

The median price of ProShares UltraShort for the period between Sun, Dec 24, 2017 and Tue, Jan 23, 2018 is 41.95 with a coefficient of variation of 11.44. The daily time series for the period is distributed with a sample standard deviation of 4.91, arithmetic mean of 42.95, and mean deviation of 4.31. The Etf did not receive any noticable media coverage during the period.

One Month Efficiency

ProShares UltraShort Sharpe Ratio = -0.3384
Best
Portfolio
Best
Equity
Good Returns
Average Returns
Small Returns
CashSmall
Risk
Average
Risk
High
Risk
Huge
Risk
Negative ReturnsKOLD

Estimated Market Risk

 5.44
  actual daily
 
 50 %
of total potential
  

Expected Return

 -1.84
  actual daily
 
 1 %
of total potential
  

Risk-Adjusted Return

 -0.34
  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.