ProShares UltraShort Technical Analysis

ProShares UltraShort Bloomberg Crude Oil -- USA Etf  

USD 33.5  0.1  0.3%

ProShares UltraShort Bloomberg Crude Oil holds Coefficient Of Variation of (1,589) and Risk Adjusted Performance of (0.008031). Compared with Fundamental Indicators, Macroaxis technical analysis interface allows you to check existing technical drivers of ProShares UltraShort as well as the relationship between them. In other words you can use this information to find out if the etf will indeed mirror its model of past market data or the prices will eventually revert. We found nineteen technical drivers for ProShares UltraShort which can be compared to its competitors. Please check ProShares UltraShort Variance, Value At Risk as well as the relationship between Value At Risk and Skewness to decide if ProShares UltraShort is priced some-what accurately providing market reflects its current price of 33.5 per share.
Investment Horizon     30 Days    Login   to change

ProShares UltraShort Trend Analysis

Use this graph to draw trend lines for ProShares UltraShort Bloomberg Crude Oil. You can use it to identify possible trend reversals for ProShares UltraShort as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual ProShares UltraShort price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

ProShares UltraShort Best Fit Change Line

The following chart estimates an ordinary least squares regression model for ProShares UltraShort Bloomberg Crude Oil applied against its price change over selected period. The best fit line has a slop of 0.18 % which may imply that the returns on investment in ProShares UltraShort Bloomberg Crude Oil will continue to fail. It has 34 observation points and a regression sum of squares at 24.99, which is the sum of squared deviations for the predicted ProShares UltraShort price change compared to its average price change.

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Fundamental Analysis

View fundamental data based on most recent published financial statements
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ProShares UltraShort Bloomberg Crude Oil is rated fourth largest ETF in mean deviation as compared to similar ETFs. It is rated third largest ETF in standard deviation as compared to similar ETFs creating about  1.37  of Standard Deviation per Mean Deviation. The ratio of Standard Deviation to Mean Deviation for ProShares UltraShort Bloomberg Crude Oil is roughly  1.37 

One Year Return

ProShares UltraShort One Year Return
Based on recorded statements ProShares UltraShort Bloomberg Crude Oil has One Year Return of -16.61%. This is 223.78% higher than that of the ProShares family, and 18.21% lower than that of Trading--Inverse Commodities category, The One Year Return for all etfs is 1228.8% higher than the company.
  Year Return 
      ProShares UltraShort Comparables 
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.

Fundamentals Correlations

Analyze ProShares UltraShort Fundamentals Trends