|SCO -- USA Etf|| |
USD 17.14 0.34 2.02%
The etf holds Beta of -1.4625 which implies as returns on market increase, returns on owning ProShares UltraShort are expected to decrease by larger amounts. On the other hand, during market turmoil, ProShares UltraShort is expected to significantly outperform it.. 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.