ProShares UltraShort Performance

ProShares UltraShort Bloomberg Crude Oil -- USA Etf  

USD 27.05  0.78  2.8%

The etf holds Beta of 0.2583 which implies as returns on market increase, ProShares UltraShort returns are expected to increase less than the market. However during bear market, the loss on holding ProShares UltraShort will be expected to be smaller as well.. Even though it is essential to pay attention to ProShares UltraShort 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 UltraShort exposes twenty-one different technical indicators which can help you to evaluate its performance.
Investment Horizon     30 Days    Login   to change

ProShares UltraShort Relative Risk vs. Return Landscape

If you would invest  2,769  in ProShares UltraShort Bloomberg Crude Oil on November 10, 2017 and sell it today you would lose (64)  from holding ProShares UltraShort Bloomberg Crude Oil or give up 2.31% of portfolio value over 30 days. ProShares UltraShort Bloomberg Crude Oil is generating negative expected returns assuming volatility of 2.8587% on return distribution over 30 days investment horizon. In other words, 26% of equities are less volatile than the company and above 99% of equities are expected to generate higher returns over the next 30 days.
 Daily Expected Return (%) 
      Risk (%) 
Considering 30-days investment horizon, ProShares UltraShort Bloomberg Crude Oil is expected to under-perform the market. In addition to that, the company is 5.66 times more volatile than its market benchmark. It trades about -0.03 of its total potential returns per unit of risk. The DOW is currently generating roughly 0.36 per unit of volatility.

ProShares UltraShort Realized Returns

ProShares UltraShort Daily Price Distribution

The median price of ProShares UltraShort for the period between Fri, Nov 10, 2017 and Sun, Dec 10, 2017 is 27.69 with a coefficient of variation of 3.34. The daily time series for the period is distributed with a sample standard deviation of 0.92, arithmetic mean of 27.57, and mean deviation of 0.72. The Etf did not receive any noticable media coverage during the period.
0 

Risk-Adjusted Performance

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

One Month Efficiency

ProShares UltraShort Sharpe Ratio = -0.0274
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Estimated Market Risk

 2.86
  actual daily
 
 74 %
of total potential
  

Expected Return

 -0.08
  actual daily
 
 1 %
of total potential
  

Risk-Adjusted Return

 -0.03
  actual daily
 
 1 %
of total potential
  
Based on monthly moving average ProShares UltraShort 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 UltraShort by adding it to a well-diversified portfolio.