|ProShares UltraPro 3x Short Crude Oil -- USA Etf|| |
USD 9.68 1.09 12.69%
The etf holds Beta of 1.3051 which implies as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, ProShares UltraPro will likely underperform.. Although it is extremely important to respect ProShares UltraPro 3x
current trending patterns, it is better to be realistic regarding the information on equity existing price patterns
. The philosophy towards forecasting future performance of any etf is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators
. By analyzing ProShares UltraPro 3x technical indicators
you can presently evaluate if the expected return of 0.2421% will be sustainable into the future.
ProShares UltraPro 3x Relative Risk vs. Return Landscape
If you would invest 835.00
in ProShares UltraPro 3x Short Crude Oil on January 25, 2018
and sell it today you would earn a total of 24.00
from holding ProShares UltraPro 3x Short Crude Oil or generate 2.87%
return on investment over 30
days. ProShares UltraPro 3x Short Crude Oil is currenly generating 0.2421% of daily expected returns and assumes 4.7421% risk (volatility on return distribution) over the 30 days horizon. In different words, 43% of equities are less volatile than ProShares UltraPro 3x Short Crude Oil and 96% 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 generate 2.65 times more return on investment than the market. However, the company is 2.65 times more volatile than its market benchmark. It trades about 0.05 of its potential returns per unit of risk. The DOW is currently generating roughly -0.1 per unit of risk.
ProShares UltraPro Daily Price Distribution
The median price of ProShares UltraPro for the period between Thu, Jan 25, 2018 and Sat, Feb 24, 2018 is 8.98 with a coefficient of variation of 10.54. The daily time series for the period is distributed with a sample standard deviation of 0.97, arithmetic mean of 9.21, and mean deviation of 0.83. The Etf received some media coverage during the period.