|ProShares UltraPro 3x Short Crude Oil -- USA Etf|| |
USD 17.14 0.5 2.83%
The etf holds Beta of 0.3349 which implies as returns on market increase, ProShares UltraPro returns are expected to increase less than the market. However during bear market, the loss on holding ProShares UltraPro will be expected to be smaller as well.. Even though it is essential to pay attention to ProShares UltraPro 3x
current trending patternss, 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 UltraPro 3x exposes twenty-one different technical indicators which can help you to evaluate its performance.
Relative Risk vs. Return Landscape
If you would invest 1,915
in ProShares UltraPro 3x Short Crude Oil on September 17, 2017
and sell it today you would lose (201)
from holding ProShares UltraPro 3x Short Crude Oil or give up 10.5%
of portfolio value over 30
days. ProShares UltraPro 3x Short Crude Oil is currenly does not generate positive expected returns and assumes 4.1936% risk (volatility on return distribution) over the 30 days horizon. In different words, 39% of equities are less volatile than ProShares UltraPro 3x Short Crude Oil 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 UltraPro 3x Short Crude Oil is expected to under-perform the market. In addition to that, the company is 17.91 times more volatile than its market benchmark. It trades about -0.1 of its total potential returns per unit of risk. The DOW is currently generating roughly 0.56 per unit of volatility.
ProShares UltraPro Daily Price Distribution
The median price of ProShares UltraPro for the period between Sun, Sep 17, 2017 and Tue, Oct 17, 2017 is 18.68 with a coefficient of variation of 4.82. The daily time series for the period is distributed with a sample standard deviation of 0.89, arithmetic mean of 18.39, and mean deviation of 0.75. The Etf did not receive any noticable media coverage during the period.