We consider ProShares UltraShort not too volatile. ProShares UltraShort maintains Sharpe Ratio (i.e. Efficiency) of 0.0138 which implies ProShares UltraShort had 0.0138% of return per unit of risk over the last 2 months. Our philosophy towards forecasting volatility of a etf is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for ProShares UltraShort which you can use to evaluate future volatility of the etf. Please check ProShares UltraShort Coefficient Of Variation of 2523.64, Semi Deviation of 2.19 and Risk Adjusted Performance of 0.0687 to confirm if risk estimate we provide are consistent with the epected return of 0.0329%.
|Time Horizon||30 Days Login to change|
ProShares UltraShort Market Sensitivity
|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.2 Months Beta |Analyze ProShares UltraShort Demand TrendCheck current 30 days ProShares UltraShort correlation with market (DOW)|
β = 0.1894
ProShares UltraShort Technical Analysis
Projected Return Density Against MarketConsidering 30-days investment horizon, ProShares UltraShort has beta of 0.1894 . This entails as returns on market go up, ProShares UltraShort average returns are expected to increase less than the benchmark. However during bear market, the loss on holding ProShares UltraShort SP500 will be expected to be much smaller as well. Moreover, ProShares UltraShort SP500 has an alpha of 0.0947 implying that it can potentially generate 0.0947% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density