ProShares UltraShort Performance

ProShares UltraShort Bloomberg Crude Oil -- USA Etf  

USD 22.91  0.19  0.82%

The etf holds Beta of -0.9022 which implies . 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. The philosophy towards forecasting future performance of any etf is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By analyzing ProShares UltraShort technical indicators you can presently evaluate if the expected return of 0.2954% will be sustainable into the future.
 Time Horizon     30 Days    Login   to change

ProShares UltraShort Relative Risk vs. Return Landscape

If you would invest  2,174  in ProShares UltraShort Bloomberg Crude Oil on January 20, 2018 and sell it today you would earn a total of  117.00  from holding ProShares UltraShort Bloomberg Crude Oil or generate 5.38% return on investment over 30 days. ProShares UltraShort Bloomberg Crude Oil is generating 0.2954% of daily returns assuming volatility of 3.0915% on return distribution over 30 days investment horizon. In other words, 28% of equities are less volatile than the company and above 95% 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 generate 1.78 times more return on investment than the market. However, the company is 1.78 times more volatile than its market benchmark. It trades about 0.1 of its potential returns per unit of risk. The DOW is currently generating roughly -0.1 per unit of risk.

ProShares UltraShort Realized Returns

ProShares UltraShort Daily Price Distribution

The median price of ProShares UltraShort for the period between Sat, Jan 20, 2018 and Mon, Feb 19, 2018 is 21.79 with a coefficient of variation of 7.11. The daily time series for the period is distributed with a sample standard deviation of 1.57, arithmetic mean of 22.13, and mean deviation of 1.32. The Etf received some media coverage during the period.
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Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in ProShares UltraShort Bloomberg Crude Oil are ranked lower than 6 (%) of all global equities and portfolios over the last 30 days.

One Month Efficiency

ProShares UltraShort Sharpe Ratio = 0.0955
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Estimated Market Risk

 3.09
  actual daily
 
 72 %
of total potential
  

Expected Return

 0.3
  actual daily
 
 5 %
of total potential
  

Risk-Adjusted Return

 0.1
  actual daily
 
 6 %
of total potential
  
Based on monthly moving average ProShares UltraShort is performing at about 6% 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.