We consider ProShares K not too volatile. ProShares K 1 maintains Sharpe Ratio (i.e. Efficiency) of 0.0425 which implies ProShares K 1 had 0.0425% 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-six technical indicators for ProShares K 1 which you can use to evaluate future volatility of the etf. Please check ProShares K 1 Coefficient Of Variation of 7912.65, Semi Deviation of 1.27 and Risk Adjusted Performance of 0.0167 to confirm if risk estimate we provide are consistent with the epected return of 0.0545%.
|Time Horizon||30 Days Login to change|
ProShares K Market Sensitivity
|As returns on market increase, returns on owning ProShares K are expected to decrease at a much smaller rate. During bear market, ProShares K is likely to outperform the market.One Month Beta |Analyze ProShares K 1 Demand TrendCheck current 30 days ProShares K correlation with market (DOW)|
β = -0.4195
ProShares K 1 Technical Analysis
Projected Return Density Against MarketGiven the investment horizon of 30 days, ProShares K 1 Free Crude Oil Strategy has beta of -0.4195 . This implies as returns on benchmark increase, returns on holding ProShares K are expected to decrease at a much smaller rate. During bear market, however, ProShares K 1 Free Crude Oil Strategy is likely to outperform the market. Additionally, ProShares K 1 Free Crude Oil Strategy has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
Given the investment horizon of 30 days, the coefficient of variation of ProShares K is 2354.74. The daily returns are destributed with a variance of 1.64 and standard deviation of 1.28. The mean deviation of ProShares K 1 Free Crude Oil Strategy is currently at 0.92. For similar time horizon, the selected benchmark (DOW) has volatility of 1.12