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ProShares UltraShort Market Sensitivity
ProShares UltraShort Technical Analysis
ProShares UltraShort Projected Return Density Against MarketConsidering 30-days investment horizon, ProShares UltraShort SP500 has beta of -0.7517 . 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 SP500 is likely to outperform the market. Moreover, ProShares UltraShort SP500 has an alpha of 0.255 implying that it can potentially generate 0.255% excess return over DOW after adjusting for the inherited market risk (beta).
ProShares UltraShort Return VolatilityProShares UltraShort SP500 has volatility of 2.6792% on return distribution over 30 days investment horizon. DOW inherits 1.3286% risk (volatility on return distribution) over the 30 days horizon.