ProShares UltraShort Technical Analysis

ProShares UltraShort Utilities -- USA Etf  

USD 28.01  0.09  0.32%

ProShares UltraShort Utilities holds Standard Deviation of 1.42, Downside Deviation of 0.8173 and Risk Adjusted Performance of 0.2328. 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 eighteen technical drivers for ProShares UltraShort which can be compared to its competitors. Please check ProShares UltraShort Information Ratio, Potential Upside as well as the relationship between Potential Upside and Kurtosis to decide if ProShares UltraShort is priced some-what accurately providing market reflects its current price of 28.01 per share.
 Time Horizon     30 Days    Login   to change

ProShares UltraShort Technical Analysis

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Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of ProShares UltraShort volatility. High ATR values indicate high volatility, and low values indicate low volatility. View also all equity analysis or get more info about average true range volatility indicators indicator.

ProShares UltraShort Trend Analysis

Use this graph to draw trend lines for ProShares UltraShort Utilities. 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 Line

The following chart estimates an ordinary least squares regression model for ProShares UltraShort Utilities applied against its price change over selected period. The best fit line has a slop of 0.18 % which may imply that ProShares UltraShort Utilities will maintain its good market sentiment and make money for investors. It has 34 observation points and a regression sum of squares at 27.29, which is the sum of squared deviations for the predicted ProShares UltraShort price change compared to its average price change.

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Pair Correlation

Compare performance and examine historical correlation between any two equity instruments
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ProShares UltraShort Utilities is presently regarded as number one ETF in mean deviation as compared to similar ETFs. It is currently under evaluation in standard deviation as compared to similar ETFs creating about  1.21  of Standard Deviation per Mean Deviation. The ratio of Standard Deviation to Mean Deviation for ProShares UltraShort Utilities is roughly  1.21 

One Year Return

ProShares UltraShort One Year Return
Based on recorded statements ProShares UltraShort Utilities has One Year Return of -22.03%. This is 329.43% higher than that of the ProShares family, and 20.86% higher than that of Trading--Inverse Equity category, The One Year Return for all etfs is 1662.4% higher than the company.
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      ProShares UltraShort Comparables 
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.

Fundamentals Correlations

Analyze ProShares UltraShort Fundamentals Trends