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ProShares UltraShort Risk Analysis And Volatility

PR
BIS -- USA Etf  

USD 12.71  0.07  0.55%

Macroaxis considers ProShares UltraShort to be slightly risky. ProShares UltraShort maintains Sharpe Ratio (i.e. Efficiency) of -0.1122 which implies the entity had -0.1122% of return per unit of risk over the last 3 months. 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-eight 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 (549.81) and Risk Adjusted Performance of (0.14) to confirm risk estimate we provide.

90 Days Market Risk

Slightly risky

Chance of Distress

Close to Average

90 Days Economic Sensitivity

Very regressive towards market

ProShares UltraShort Market Sensitivity

As returns on market increase, returns on owning ProShares UltraShort are expected to decrease by larger amounts. On the other hand, during market turmoil, ProShares UltraShort is expected to significantly outperform it.
3 Months Beta |Analyze ProShares UltraShort Demand Trend
Check current 30 days ProShares UltraShort correlation with market (DOW)
β = -1.4012

ProShares UltraShort Central Daily Price Deviation

ProShares UltraShort Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. The Median Price line plots median indexes of ProShares UltraShort price series. View also all equity analysis or get more info about median price price transform indicator.

ProShares UltraShort Projected Return Density Against Market

Considering 30-days investment horizon, ProShares UltraShort Nasdaq Bio has beta of -1.4012 . This suggests as returns on its benchmark rise, returns on holding ProShares UltraShort Nasdaq Bio are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, ProShares UltraShort is expected to outperform its benchmark. Additionally, The company has a negative alpha implying that the risk taken by holding this equity is not justified. ProShares UltraShort is significantly underperforming DOW.
 Predicted Return Density 
    
  Returns 
Considering 30-days investment horizon, the coefficient of variation of ProShares UltraShort is -891.55. The daily returns are destributed with a variance of 4.09 and standard deviation of 2.02. The mean deviation of ProShares UltraShort Nasdaq Bio is currently at 1.59. For similar time horizon, the selected benchmark (DOW) has volatility of 0.78
α
Alpha over DOW
=0.27
β
Beta against DOW=1.4
σ
Overall volatility
=2.02
Ir
Information ratio =0.22

ProShares UltraShort Return Volatility

the ETF has volatility of 2.0221% on return distribution over 30 days investment horizon. the entity inherits 0.8042% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
    
  Timeline 

ProShares UltraShort Investment Opportunity

ProShares UltraShort Nasdaq Bio has a volatility of 2.02 and is 2.53 times more volatile than DOW. 18  of all equities and portfolios are less risky than ProShares UltraShort. Compared to the overall equity markets, volatility of historical daily returns of ProShares UltraShort Nasdaq Bio is lower than 18 () of all global equities and portfolios over the last 30 days. Use ProShares UltraShort Nasdaq Bio to enhance returns of your portfolios. The etf experiences moderate upward volatility. Check odds of ProShares UltraShort to be traded at $13.98 in 30 days. . As returns on market increase, returns on owning ProShares UltraShort are expected to decrease by larger amounts. On the other hand, during market turmoil, ProShares UltraShort is expected to significantly outperform it.

ProShares UltraShort correlation with market

correlation synergy
Excellent diversification
Overlapping area represents the amount of risk that can be diversified away by holding ProShares UltraShort Nasdaq Bi and equity matching DJI index in the same portfolio.

ProShares UltraShort Current Risk Indicators

ProShares UltraShort Suggested Diversification Pairs

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