|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.One Month Beta |Analyze ProShares UltraShort Demand TrendCheck current 30 days ProShares UltraShort correlation with market (DOW)|
β = 0.5989
ProShares UltraShort Technical Analysis
ProShares UltraShort Projected Return Density Against MarketConsidering 30-days investment horizon, ProShares UltraShort has beta of 0.5989 . 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. Additionally, ProShares UltraShort SP500 has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
Predicted Return Density
ProShares UltraShort Return VolatilityProShares UltraShort SP500 has volatility of 0.8811% on return distribution over 30 days investment horizon. DOW inherits 0.389% risk (volatility on return distribution) over the 30 days horizon.