|SCO -- USA Etf|| |
USD 19.04 0.38 2.04%
The etf holds Beta of 0.0 which implies the returns on MARKET and ProShares UltraShort are completely uncorrelated. Although it is vital to follow to ProShares UltraShort
current trending patterns, it is good to be conservative about what you can actually do with the information regarding equity existing price patterns
. Macroaxis philosophy towards forecasting future performance of any etf is to look not only at its past charts but also at the business as a whole, including all fundamental and technical indicators
. To evaluate if ProShares UltraShort expected return of 1.0302 will be sustainable into the future, we have found twenty-one different technical indicators
which can help you to check if the expected returns are sustainable.
ProShares UltraShort Relative Risk vs. Return Landscape
If you would invest 1,551
in ProShares UltraShort Bloomberg Crude Oil on May 20, 2018
and sell it today you would earn a total of 353.00
from holding ProShares UltraShort Bloomberg Crude Oil or generate 22.76%
return on investment over 30
days. ProShares UltraShort Bloomberg Crude Oil is generating 1.0302% of daily returns assuming volatility of 3.2377% on return distribution over 30 days investment horizon. In other words, 29% of equities are less volatile than the company and above 81% of equities are expected to generate higher returns over the next 30 days.
Daily Expected Return (%)
ProShares UltraShort Market Risk Analysis
Sharpe Ratio = 0.3182
ProShares UltraShort Relative Performance Indicators
Estimated Market Risk
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Based on monthly moving average ProShares UltraShort is performing at about 21% 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
Compared to the overall equity markets, risk-adjusted returns on investments in ProShares UltraShort Bloomberg Crude Oil are ranked lower than 21 (%) of all global equities and portfolios over the last 30 days.
|ProShares UltraShort appears to be very risky and stock price may revert if volatility continues|
|ProShares UltraShort Bloomberg Crude Oil generated five year return of -2.0%|
|This fund maintains all of the assets in different exotic instruments|
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. Please also try Idea Analyzer
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