ProShares UltraShort Technical Analysis

ProShares UltraShort Bloomberg Natrl Gas -- USA Etf  

USD 47.74  2.18  4.37%

ProShares UltraShort Bloomberg Natrl Gas holds Coefficient Of Variation of 284.42, Semi Deviation of 2.84 and Risk Adjusted Performance of 0.1759. ProShares UltraShort technical analysis gives you tools to exploit past prices in attempt to determine a pattern that determines the direction of the etf future prices. In other words you can use this information to find out if the etf will indeed mirror its model of past market data or the prices will eventually revert. We found nineteen technical drivers for ProShares UltraShort which can be compared to its competitors. Please check ProShares UltraShort Treynor Ratio as well as the relationship between Downside Variance and Kurtosis to decide if ProShares UltraShort is priced some-what accurately providing market reflects its current price of 47.74 per share.
Investment Horizon     30 Days    Login   to change

ProShares UltraShort Trend Analysis

Use this graph to draw trend lines for ProShares UltraShort Bloomberg Natrl Gas. You can use it to identify possible trend reversals for ProShares UltraShort as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual ProShares UltraShort price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

ProShares UltraShort Best Fit Change Line

The following chart estimates an ordinary least squares regression model for ProShares UltraShort Bloomberg Natrl Gas applied against its price change over selected period. The best fit line has a slop of 0.84 % which means ProShares UltraShort Bloomberg Natrl Gas will continue generating value for investors. It has 34 observation points and a regression sum of squares at 579.3, which is the sum of squared deviations for the predicted ProShares UltraShort price change compared to its average price change.

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ProShares UltraShort Bloomberg Natrl Gas is considered the top ETF in mean deviation as compared to similar ETFs. It is currently under evaluation in standard deviation as compared to similar ETFs creating about  1.22  of Standard Deviation per Mean Deviation. The ratio of Standard Deviation to Mean Deviation for ProShares UltraShort Bloomberg Natrl Gas is roughly  1.22 

One Year Return

ProShares UltraShort One Year Return
Based on recorded statements ProShares UltraShort Bloomberg Natrl Gas has One Year Return of 24.1%. This is 569.79% lower than that of the ProShares family, and 218.67% lower than that of Trading--Inverse Commodities category, The One Year Return for all etfs is 2028.0% lower than the firm.
  Year Return 
      ProShares UltraShort Comparables 
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.

Fundamentals Correlations

Analyze ProShares UltraShort Fundamentals Trends