ProShares UltraShort is not very volatile given 1 month investment horizon. ProShares UltraShort maintains Sharpe Ratio (i.e. Efficiency) of 0.3182 which implies ProShares UltraShort had 0.3182% of return per unit of risk over the last 1 month. Our philosophy towards forecasting risk of a etf is to use both market data as well as company specific technical data. We found twenty-six different technical indicators which can help you to evaluate if expected returns of 1.0302% are justified by taking the suggested risk. Use ProShares UltraShort Coefficient Of Variation of 386.62, Semi Deviation of 2.21 and Risk Adjusted Performance of 0.01 to evaluate company specific risk that cannot be diversified away.
|Time Horizon||30 Days Login to change|
ProShares UltraShort Technical Analysis
Projected Return Density Against MarketConsidering 30-days investment horizon, ProShares UltraShort has beta of 0.0 . This entails unless we do not have required data, the returns on DOW and ProShares UltraShort are completely uncorrelated. Furthermore, ProShares UltraShort Bloomberg Crude OilIt does not look like ProShares UltraShort alpha can have any bearing on the equity current valuation.
Predicted Return Density