The etf holds Beta of 0.0 which implies the returns on MARKET and ProShares UltraPro are completely uncorrelated. Although it is vital to follow to ProShares UltraPro 3x current trending patterns, it is good to be conservative about what you can actually do with the information regarding equity existing price patterns. Macroaxis philosophy towards forecasting future performance of any etf is to look not only at its past charts but also at the business as a whole, including all fundamental and technical indicators. To evaluate if ProShares UltraPro 3x expected return of 1.4334 will be sustainable into the future, we have found twenty-one different technical indicators which can help you to check if the expected returns are sustainable.
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