|ProShares UltraShort SP500 -- USA Etf|| |
USD 38.16 0.59 1.57%
The etf holds Beta of 0.3803 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 4,101
in ProShares UltraShort SP500 on December 20, 2017
and sell it today you would lose (344)
from holding ProShares UltraShort SP500 or give up 8.39%
of portfolio value over 30
days. ProShares UltraShort SP500 is generating negative expected returns assuming volatility of 0.777% on return distribution over 30 days investment horizon. In other words, 7% 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 SP500 is expected to under-perform the market. In addition to that, the company is 1.77 times more volatile than its market benchmark. It trades about -0.59 of its total potential returns per unit of risk. The DOW is currently generating roughly 0.66 per unit of volatility.
ProShares UltraShort Realized Returns
ProShares UltraShort Daily Price Distribution
The median price of ProShares UltraShort for the period between Wed, Dec 20, 2017 and Fri, Jan 19, 2018 is 40.49 with a coefficient of variation of 3.24. The daily time series for the period is distributed with a sample standard deviation of 1.29, arithmetic mean of 39.77, and mean deviation of 1.14. The Etf received some media coverage during the period.