The proshares ultrashort utilities holds Beta of -0.6589 which implies as returns on market increase, returns on owning ProShares UltraShort are expected to decrease at a much smaller rate. During bear market, ProShares UltraShort is likely to outperform the market. Even though it is essential to pay attention to ProShares UltraShort
current trending patterns, it is always good to be careful when utilizing equity existing price patterns
. Macroaxis philosophy towards forecasting future performance of any proshares ultrashort utilities is to check both, its past performance charts as well as the business as a whole, including all available technical indicators
. ProShares UltraShort exposes twenty-one different technical indicators which can help you to evaluate its performance.
Over the last 30 days ProShares UltraShort Utilities has generated negative risk-adjusted returns adding no value to investors with long positions. Inspite latest unsteady performance, the ProShares UltraShort Utilities's forward-looking indicators remain unfluctuating and the recent disarray on Wall Street may also be a sign of long period gains for the entity insiders.
|Fifty Two Week Low||15.39|
|Fifty Two Week High||24.55|