|ProShares UltraShort Utilities -- USA Etf|| |
USD 27.55 0.37 1.33%
The etf holds Beta of -0.3406 which implies as returns on market increase, returns on owning ProShares UltraShort are expected to decrease at a much smaller rate. During bear market, ProShares UltraShort is likely to outperform the market.. Although it is vital to follow to ProShares UltraShort
current trending patterns, it is good to be conservative about what you can actually do with the information regarding equity existing price patterns
. The philosophy towards forecasting future performance of any etf is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators
. By analyzing ProShares UltraShort technical indicators
you can presently evaluate if the expected return of 0.4747% will be sustainable into the future.
ProShares UltraShort Relative Risk vs. Return Landscape
If you would invest 2,555
in ProShares UltraShort Utilities on December 21, 2017
and sell it today you would earn a total of 237
from holding ProShares UltraShort Utilities or generate 9.28%
return on investment over 30
days. ProShares UltraShort Utilities is generating 0.4747% of daily returns assuming volatility of 1.1965% on return distribution over 30 days investment horizon. In other words, 11% of equities are less volatile than the company and above 91% of equities are expected to generate higher returns over the next 30 days.
Daily Expected Return (%)
Considering 30-days investment horizon, ProShares UltraShort Utilities is expected to generate 2.58 times more return on investment than the market. However, the company is 2.58 times more volatile than its market benchmark. It trades about 0.4 of its potential returns per unit of risk. The DOW is currently generating roughly 0.55 per unit of risk.
ProShares UltraShort Realized Returns
ProShares UltraShort Daily Price Distribution
The median price of ProShares UltraShort for the period between Thu, Dec 21, 2017 and Sat, Jan 20, 2018 is 26.21 with a coefficient of variation of 4.54. The daily time series for the period is distributed with a sample standard deviation of 1.19, arithmetic mean of 26.28, and mean deviation of 1.0. The Etf received some media coverage during the period.