Macroaxis considers ProShares UltraShort not very risky given 1 month investment horizon. ProShares UltraShort maintains Sharpe Ratio (i.e. Efficiency) of 0.0955 which implies ProShares UltraShort had 0.0955% 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 employ ProShares UltraShort Coefficient Of Variation of 1115.28, Semi Deviation of 2.68 and Risk Adjusted Performance of 0.1574 to confirm if our risk estimates are consistent with your expectations.
|Time Horizon||30 Days Login to change|
ProShares UltraShort Market Sensitivity
|One Month Beta |Analyze ProShares UltraShort Demand TrendCheck current 30 days ProShares UltraShort correlation with market (DOW)|
β = -0.9022
ProShares UltraShort Technical Analysis
Projected Return Density Against MarketConsidering 30-days investment horizon, ProShares UltraShort Bloomberg Crude Oil has beta of -0.9022 . This entails Moreover, ProShares UltraShort Bloomberg Crude Oil has an alpha of 0.1379 implying that it can potentially generate 0.1379% excess return over DOW after adjusting for the inherited market risk (beta).
Considering 30-days investment horizon, the coefficient of variation of ProShares UltraShort is 1046.62. The daily returns are destributed with a variance of 9.56 and standard deviation of 3.09. The mean deviation of ProShares UltraShort Bloomberg Crude Oil is currently at 2.56. For similar time horizon, the selected benchmark (DOW) has volatility of 1.71