We consider ProShares UltraShort not too volatile. ProShares UltraShort maintains Sharpe Ratio (i.e. Efficiency) of 0.0424 which implies ProShares UltraShort had 0.0424% of return per unit of risk over the last 1 month. Our philosophy towards forecasting volatility of a etf is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for ProShares UltraShort which you can use to evaluate future volatility of the etf. Please check ProShares UltraShort Coefficient Of Variation of
(1,589) and Risk Adjusted Performance of (0.008031) to confirm if risk estimate we provide are consistent with the epected return of 0.104%.
|Investment Horizon||30 Days Login to change|
ProShares UltraShort Market Sensitivity
|As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, ProShares UltraShort will likely underperform.One Month Beta |Analyze ProShares UltraShort Demand TrendCheck current 30 days ProShares UltraShort correlation with market (DOW)|
β = 4.9009
Projected Return Density Against MarketConsidering 30-days investment horizon, the etf has beta coefficient of 4.9009 . This entails as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are expected to be negative, ProShares UltraShort will likely underperform. Additionally, ProShares UltraShort Bloomberg Crude Oil has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
Considering 30-days investment horizon, the coefficient of variation of ProShares UltraShort is 2358.64. The daily returns are destributed with a variance of 6.01 and standard deviation of 2.45. The mean deviation of ProShares UltraShort Bloomberg Crude Oil is currently at 1.76. For similar time horizon, the selected benchmark (DOW) has volatility of 0.27