ProShares UltraPro is extremely volatile given 2 months investment horizon. ProShares UltraPro 3x maintains Sharpe Ratio (i.e. Efficiency) of 0.1351 which implies ProShares UltraPro 3x had 0.1351% of return per unit of risk over the last 2 months. Our philosophy towards forecasting volatility of a etf is to use ProShares UltraPro 3x market data together with company specific technical indicators. We found twenty-one different technical indicators which can help you to evaluate if expected returns of 5.7128% are justified by taking the suggested risk. Use ProShares UltraPro Coefficient Of Variation of 745.85, Semi Deviation of 3.8 and Risk Adjusted Performance of 0.2344 to evaluate company specific risk that cannot be diversified away.
|Time Horizon||30 Days Login to change|
ProShares UltraPro Market Sensitivity
|As returns on market increase, returns on owning ProShares UltraPro are expected to decrease by larger amounts. On the other hand, during market turmoil, ProShares UltraPro is expected to significantly outperform it.2 Months Beta |Analyze ProShares UltraPro 3x Demand TrendCheck current 30 days ProShares UltraPro correlation with market (DOW)|
β = -2.6008
ProShares UltraPro 3x Technical Analysis
Projected Return Density Against MarketGiven the investment horizon of 30 days, ProShares UltraPro 3x Shrt Crude Oil ETF has beta of -2.6008 . This implies as returns on its benchmark rise, returns on holding ProShares UltraPro 3x Shrt Crude Oil ETF are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, ProShares UltraPro is expected to outperform its benchmark. In addition to that, ProShares UltraPro 3x Shrt Crude Oil ETF has an alpha of 5.3428 implying that it can potentially generate 5.3428% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density