ProShares K Risk Analysis And Volatility Evaluation

OILK -- USA Etf  

USD 25.30  0.0004  0.0016%

We consider ProShares K not too volatile. ProShares K 1 maintains Sharpe Ratio (i.e. Efficiency) of 0.0417 which implies ProShares K 1 had 0.0417% 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 K 1 which you can use to evaluate future volatility of the etf. Please check ProShares K 1 to confirm if risk estimate we provide are consistent with the epected return of 0.0671%.
 Time Horizon     30 Days    Login   to change

ProShares K 1 Technical Analysis

Transformation
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 
      Returns 
Given the investment horizon of 30 days, the coefficient of variation of ProShares K is 2399.06. The daily returns are destributed with a variance of 2.59 and standard deviation of 1.61. The mean deviation of ProShares K 1 Free Crude Oil Strategy is currently at 1.06. For similar time horizon, the selected benchmark (DOW) has volatility of 0.46
α
Alpha over DOW
=0.00
β
Beta against DOW=0.00
σ
Overall volatility
=1.61
Ir
Information ratio =0.00

Actual Return Volatility

ProShares K 1 Free Crude Oil Strategy inherits 1.6089% risk (volatility on return distribution) over the 30 days horizon. DOW inherits 0.5701% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

ProShares K Volatility Factors

30 Days Market Risk

Not too volatile

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 1.61 and is 2.82 times more volatile than DOW. 14% 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 14 (%) of all global equities and portfolios over the last 30 days.

ProShares K Current Risk Indicators

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