ProShares UltraPro Technical Analysis Overview

OILD -- USA Etf  

USD 24.31  0.24  0.98%

ProShares UltraPro 3x Shrt Crude Oil ETF holds Coefficient Of Variation of 1047.36, Semi Deviation of 2.77 and Risk Adjusted Performance of 0.01. 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 eighteen technical drivers for ProShares UltraPro 3x which can be compared to its competitors. Please check ProShares UltraPro 3x Variance, Value At Risk as well as the relationship between Value At Risk and Expected Short fall to decide if ProShares UltraPro 3x is priced some-what accurately providing market reflects its current price of 24.31 per share.
 Time Horizon     30 Days    Login   to change

ProShares UltraPro 3x Technical Analysis

Time Period
  Portfolio Optimization    
Execute Indicator
null. The output start index for this execution was zero with a total number of output elements of zero. 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 Shrt Crude Oil ETF. 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 Shrt Crude Oil ETF applied against its price change over selected period. The best fit line has a slop of 0.23 % which means ProShares UltraPro 3x Shrt Crude Oil ETF will continue generating value for investors. It has 34 observation points and a regression sum of squares at 42.91, 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 Shrt Crude Oil ETF. What is your perspective on investing in ProShares UltraPro 3x Shrt Crude Oil ETF? Are you bullish or bearish?
50% Bullish
50% Bearish

ProShares UltraPro 3x One Year Return

Based on recorded statements ProShares UltraPro 3x Shrt Crude Oil ETF has One Year Return of -81.64%. This is 1491.42% higher than that of the ProShares family, and significantly lower than that of Energy category, The One Year Return for all etfs is 6431.2% higher than the company.
  Year Return 
      ProShares UltraPro Comparables 
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.

ProShares UltraPro Market Strength

ProShares UltraPro August 20, 2018 Daily Price Condition
Additionally take a look at Your Equity Center. Please also try Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.