|Horizon||30 Days Login to change|
ProShares UltraShort Market Sensitivity
|ProShares UltraShort returns are very sensitive to returns on the market. As market goes up or down, ProShares UltraShort is expected to follow.One Month Beta |Analyze ProShares UltraShort Demand TrendCheck current 30 days ProShares UltraShort correlation with market (DOW)|
β = 1.0405
ProShares UltraShort Technical Analysis
ProShares UltraShort Projected Return Density Against MarketConsidering 30-days investment horizon, the etf has beta coefficient of 1.0405 . This entails ProShares UltraShort Bloomberg Crude Oil market returns are very sensitive to returns on the market. As the market benchmark goes up or down, ProShares UltraShort is expected to follow. 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
Predicted Return Density
ProShares UltraShort Return VolatilityProShares UltraShort Bloomberg Crude Oil has volatility of 2.5991% on return distribution over 30 days investment horizon. DOW inherits 0.3947% risk (volatility on return distribution) over the 30 days horizon.