|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.
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 (%)
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.