ProShares UltraShort SmallCap600 holds Coefficient Of Variation of
(399.54) and Risk Adjusted Performance of (0.11). 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 Treynor Ratio as well as the relationship between Potential Upside and Expected Short fall to decide if ProShares UltraShort is priced some-what accurately providing market reflects its current price of 14.8 per share.
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ProShares UltraShort Technical Analysis
ProShares UltraShort Trend AnalysisUse this graph to draw trend lines for ProShares UltraShort SmallCap600. 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 LineThe following chart estimates an ordinary least squares regression model for ProShares UltraShort SmallCap600 applied against its price change over selected period. The best fit line has a slop of 0.07 % which may imply that the returns on investment in ProShares UltraShort SmallCap600 will continue to fail. It has 34 observation points and a regression sum of squares at 3.8, which is the sum of squared deviations for the predicted ProShares UltraShort price change compared to its average price change.
ProShares UltraShort SmallCap600 is rated fourth largest ETF in mean deviation as compared to similar ETFs. It is currently under evaluation in standard deviation as compared to similar ETFs creating about 1.44 of Standard Deviation per Mean Deviation. The ratio of Standard Deviation to Mean Deviation for ProShares UltraShort SmallCap600 is roughly 1.44