ProShares K Risk Analysis And Volatility Evaluation

OILK -- USA Etf  

USD 23.90  0.34  1.44%

Macroaxis considers ProShares K to be not very risky. ProShares K 1 maintains Sharpe Ratio (i.e. Efficiency) of -0.1887 which implies ProShares K 1 had -0.1887% of return per unit of risk over the last 1 month. Macroaxis philosophy towards forecasting risk of any etf is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. ProShares K 1 exposes twenty-eight different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check ProShares K 1 to confirm risk estimate we provide.
 Time Horizon     30 Days    Login   to change

ProShares K 1 Technical Analysis

The output start index for this execution was zero with a total number of output elements of seventeen. ProShares K 1 Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input. View also all equity analysis or get more info about average price price transform indicator.

Projected Return Density Against Market

Given the investment horizon of 30 days, ProShares K has beta of 0.0 . This implies unless we do not have required data, the returns on DOW and ProShares K are completely uncorrelated. Furthermore, ProShares K 1 Free Crude Oil StrategyIt does not look like ProShares K alpha can have any bearing on the equity current valuation.
 Predicted Return Density 
Given the investment horizon of 30 days, the coefficient of variation of ProShares K is -529.84. The daily returns are destributed with a variance of 4.19 and standard deviation of 2.05. The mean deviation of ProShares K 1 Free Crude Oil Strategy is currently at 1.5. For similar time horizon, the selected benchmark (DOW) has volatility of 0.0
Alpha over DOW
Beta against DOW=0.00
Overall volatility
Information ratio =0.00

Actual Return Volatility

ProShares K 1 Free Crude Oil Strategy inherits 2.047% risk (volatility on return distribution) over the 30 days horizon. DOW inherits 1.3896% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 

Market Risk Breakdown

ProShares K Volatility Factors

30 Days Market Risk

Not very risky

Chance of Distress in 24 months

Almost imposible

30 Days Economic Sensitivity

Market Insensitive

Investment Outlook

ProShares K Investment Opportunity
ProShares K 1 Free Crude Oil Strategy has a volatility of 2.05 and is 1.47 times more volatile than DOW. 18% of all equities and portfolios are less risky than ProShares K. Compared to the overall equity markets, volatility of historical daily returns of ProShares K 1 Free Crude Oil Strategy is lower than 18 (%) of all global equities and portfolios over the last 30 days.

Volatility Indicators

ProShares K Current Risk Indicators
Additionally take a look at Your Equity Center. Please also try Chance of Distress module to get analysis of equity chance of financial distress in the next 2 years.