ProShares UltraPro Performance

ProShares UltraPro 3x Short Crude Oil -- USA Etf  

USD 17.66  0.58  3.4%

The etf holds Beta of 7.3979 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.. 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-eight different technical indicators which can help you to evaluate its performance.
Investment Horizon     30 Days    Login   to change

Relative Risk vs. Return Landscape

If you would invest  1,869  in ProShares UltraPro 3x Short Crude Oil on September 20, 2017 and sell it today you would lose (103)  from holding ProShares UltraPro 3x Short Crude Oil or give up 5.51% of portfolio value over 30 days. ProShares UltraPro 3x Short Crude Oil is currenly does not generate positive expected returns and assumes 4.1606% 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 (%) 
      Risk (%) 
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 17.67 times more volatile than its market benchmark. It trades about -0.04 of its total potential returns per unit of risk. The DOW is currently generating roughly 0.52 per unit of volatility.

ProShares UltraPro Daily Price Distribution

The median price of ProShares UltraPro for the period between Wed, Sep 20, 2017 and Fri, Oct 20, 2017 is 18.36 with a coefficient of variation of 5.12. The daily time series for the period is distributed with a sample standard deviation of 0.93, arithmetic mean of 18.21, and mean deviation of 0.8. The Etf did not receive any noticable media coverage during the period.
0 

Risk-Adjusted Performance

Over the last 30 days ProShares UltraPro 3x Short Crude Oil has generated negative risk-adjusted returns adding no value to investors with long positions.

One Month Efficiency

ProShares UltraPro Sharpe Ratio = -0.0417
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Estimated Market Risk

 4.16
  actual daily
 
 61 %
of total potential
  

Expected Return

 -0.17
  actual daily
 
 1 %
of total potential
  

Risk-Adjusted Return

 -0.04
  actual daily
 
 1 %
of total potential
  
Based on monthly moving average ProShares UltraPro is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of ProShares UltraPro by adding it to a well-diversified portfolio.

Dividends

ProShares UltraPro 3x Dividends Analysis
Check ProShares UltraPro 3x dividend payout schedule and payment analysis over time. Analyze past dividends calendar and estimate annual dividend income
Check Dividends