ProShares K Performance

OILK -- USA Etf  

USD 24.14  0.76  3.05%

The etf holds Beta of 0.0 which implies the returns on MARKET and ProShares K are completely uncorrelated. Even though it is essential to pay attention to ProShares K 1 current trending patterns, 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 K 1 exposes twenty-one different technical indicators which can help you to evaluate its performance.
 Time Horizon     30 Days    Login   to change

ProShares K 1 Relative Risk vs. Return Landscape

If you would invest  2,514  in ProShares K 1 Free Crude Oil Strategy on July 21, 2018 and sell it today you would lose (100.00)  from holding ProShares K 1 Free Crude Oil Strategy or give up 3.98% of portfolio value over 30 days. ProShares K 1 Free Crude Oil Strategy is currently does not generate positive expected returns and assumes 1.4712% risk (volatility on return distribution) over the 30 days horizon. In different words, 13% of equities are less volatile than ProShares K 1 Free Crude Oil Strategy 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 K 1 Free Crude Oil Strategy is expected to under-perform the market. In addition to that, the company is 2.61 times more volatile than its market benchmark. It trades about -0.14 of its total potential returns per unit of risk. The DOW is currently generating roughly 0.21 per unit of volatility.

ProShares K Market Risk Analysis

Sharpe Ratio = -0.1381
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ProShares K Relative Performance Indicators

Estimated Market Risk
 1.47
  actual daily
 
 87 %
of total potential
  
Expected Return
 -0.2
  actual daily
 
 1 %
of total potential
  
Risk-Adjusted Return
 -0.14
  actual daily
 
 1 %
of total potential
  
Based on monthly moving average ProShares K 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 K by adding it to a well-diversified portfolio.

Performance Rating

ProShares K 1 Free Crude Oil Strategy Risk Adjusted Performance Analysis
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Risk-Adjusted Performance

Over the last 30 days ProShares K 1 Free Crude Oil Strategy has generated negative risk-adjusted returns adding no value to investors with long positions.

ProShares K Alerts

Equity Alerts and Improvement Suggestions
ProShares K 1 generates negative expected return over the last 30 days
The fund maintains all of the assets in different exotic instruments
Additionally take a look at Your Equity Center. Please also try Pair Correlation module to compare performance and examine historical correlation between any two equity instruments.