|Horizon||30 Days Login to change|
ProShares UltraShort Market Sensitivity
|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.One Month Beta |Analyze ProShares UltraShort Demand TrendCheck current 30 days ProShares UltraShort correlation with market (DOW)|
β = -0.1164
ProShares UltraShort Technical Analysis
ProShares UltraShort Projected Return Density Against MarketConsidering 30-days investment horizon, ProShares UltraShort Utilities has beta of -0.1164 . This entails as returns on benchmark increase, returns on holding ProShares UltraShort are expected to decrease at a much smaller rate. During bear market, however, ProShares UltraShort Utilities is likely to outperform the market. Moreover, ProShares UltraShort Utilities has an alpha of 0.0242 implying that it can potentially generate 0.0242% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
ProShares UltraShort Return VolatilityProShares UltraShort Utilities has volatility of 1.9801% on return distribution over 30 days investment horizon. DOW inherits 1.0565% risk (volatility on return distribution) over the 30 days horizon.