ProShares UltraPro 3x Short Crude Oil holds Coefficient Of Variation of 1415.24, Semi Deviation of 4.46 and Risk Adjusted Performance of 0.1279. Compared with Fundamental Indicators, Macroaxis technical analysis interface allows you to check existing technical drivers of ProShares UltraPro as well as the relationship between them. 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 UltraPro 3x which can be compared to its competitors. Please check ProShares UltraPro 3xVariance, Maximum Drawdown as well as the relationship between Maximum Drawdown and Semi Variance to decide if ProShares UltraPro 3x is priced some-what accurately providing market reflects its current price of 8.7 per share.
The output start index for this execution was twelve with a total number of output elements of five. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of ProShares UltraPro 3x volatility. High ATR values indicate high volatility, and low values indicate low volatility. View also all equity analysis or get more info about average true range volatility indicators indicator.
ProShares UltraPro 3x Trend Analysis
Use this graph to draw trend lines for ProShares UltraPro 3x Short Crude Oil. You can use it to identify possible trend reversals for ProShares UltraPro 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 UltraPro price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
ProShares UltraPro Best Fit Change Line
The following chart estimates an ordinary least squares regression model for ProShares UltraPro 3x Short Crude Oil applied against its price change over selected period. The best fit line has a slop of 0.053848 % which means ProShares UltraPro 3x Short Crude Oil will continue generating value for investors. It has 34 observation points and a regression sum of squares at 2.37, which is the sum of squared deviations for the predicted ProShares UltraPro price change compared to its average price change.
Current Sentiment - OILD
ProShares UltraPro 3x Investor Sentiment
Macroaxis portfolio users are evenly split in their perspective on investing in ProShares UltraPro 3x Short Crude Oil. What is your perspective on investing in ProShares UltraPro 3x Short Crude Oil? Are you bullish or bearish?
ProShares UltraPro 3x Short Crude Oil is regarded second largest ETF in mean deviation as compared to similar ETFs. It is rated number one ETF 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 UltraPro 3x Short Crude Oil is roughly 1.22