Macroaxis considers ProShares UltraShort to be not too risky. ProShares UltraShort maintains Sharpe Ratio (i.e. Efficiency) of -0.2098 which implies ProShares UltraShort had -0.2098% of return per unit of risk over the last 1 month. Macroaxis philosophy towards forecasting risk of any etf is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. ProShares UltraShort exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check ProShares UltraShort Coefficient Of Variation of
586.35 and Risk Adjusted Performance of 0.01 to confirm risk estimate we provide.
|Time Horizon||30 Days Login to change|
ProShares UltraShort Technical Analysis
Projected Return Density Against MarketConsidering 30-days investment horizon, ProShares UltraShort has beta of 0.0 . This entails unless we do not have required data, the returns on DOW and ProShares UltraShort are completely uncorrelated. Furthermore, ProShares UltraShort SP500It does not look like ProShares UltraShort alpha can have any bearing on the equity current valuation.
Predicted Return Density