Macroaxis considers ProShares UltraPro moderately volatile given 1 month investment horizon. ProShares UltraPro 3x maintains Sharpe Ratio (i.e. Efficiency) of 0.0689 which implies ProShares UltraPro 3x had 0.0689% of return per unit of risk over the last 1 month. Our philosophy towards forecasting volatility of a etf is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for ProShares UltraPro 3x which you can use to evaluate future volatility of the etf. Please employ ProShares UltraPro 3x Coefficient Of Variation of 982.38, Semi Deviation of 5.28 and Risk Adjusted Performance of 0.01 to confirm if our risk estimates are consistent with your expectations.
|Time Horizon||30 Days Login to change|
ProShares UltraPro 3x Technical Analysis
Projected Return Density Against MarketGiven the investment horizon of 30 days, ProShares UltraPro has beta of 0.0 . This implies unless we do not have required data, the returns on DOW and ProShares UltraPro are completely uncorrelated. Furthermore, ProShares UltraPro 3x Shrt Crude Oil ETFIt does not look like ProShares UltraPro alpha can have any bearing on the equity current valuation.
Predicted Return Density