|SDP -- USA Etf|| |
USD 20.29 0.0031 0.0153%
The etf holds Beta of 0.0038 which implies as returns on market increase, ProShares UltraShort returns are expected to increase less than the market. However during bear market, the loss on holding ProShares UltraShort will be expected to be smaller as well.. Even though it is essential to pay attention to ProShares UltraShort
current trending patterns, it is always good to be careful when utilizing equity existing price patterns
. Macroaxis philosophy towards forecasting future performance of any etf is to check both, its past performance charts as well as the business as a whole, including all available technical indicators
. ProShares UltraShort exposes twenty-one different technical indicators which can help you to evaluate its performance.
ProShares UltraShort Relative Risk vs. Return Landscape
If you would invest 2,255
in ProShares UltraShort Utilities on November 17, 2018
and sell it today you would lose (225.60)
from holding ProShares UltraShort Utilities or give up 10.0%
of portfolio value over 30
days. ProShares UltraShort Utilities is generating negative expected returns assuming volatility of 2.1644% on return distribution over 30 days investment horizon. In other words, 19% of equities are less volatile than the company and above 99% 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 under-perform the market. In addition to that, the company is 1.67 times more volatile than its market benchmark. It trades about -0.1 of its total potential returns per unit of risk. The DOW is currently generating roughly -0.09 per unit of volatility.
ProShares UltraShort Market Risk Analysis
Sharpe Ratio = -0.0975
ProShares UltraShort Relative Performance Indicators
Estimated Market Risk
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Based on monthly moving average ProShares UltraShort is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of ProShares UltraShort
by adding it to a well-diversified
Over the last 30 days ProShares UltraShort Utilities has generated negative risk-adjusted returns adding no value to investors with long positions.
|ProShares UltraShort generates negative expected return over the last 30 days|
|ProShares UltraShort has high likelihood to experience some financial distress in the next 2 years|
|This fund generated-25.0 ten year return of -25.0%|
|ProShares UltraShort maintains all of the assets in different exotic instruments|
|Fifty Two Week Low||20.04|
|Fifty Two Week High||31.15|
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