ProShares UltraShort Backtesting

PR
SDP -- USA Etf  

USD 13.15  0.12  0.90%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of ProShares UltraShort Utilities and determine expected loss or profit from investing in ProShares UltraShort over given investment horizon. Additionally take a look at ProShares UltraShort Hype Analysis, ProShares UltraShort Correlation, Portfolio Optimization, ProShares UltraShort Volatility as well as analyze ProShares UltraShort Alpha and Beta and ProShares UltraShort Performance.
Horizon     30 Days    Login   to change
SymbolX
Backtest

ProShares UltraShort 'What if' Analysis

October 31, 2019
0.00
No Change 0.00  0.0 
In 2 months and 31 days
January 29, 2020
0.00
If you would invest  0.00  in ProShares UltraShort on October 31, 2019 and sell it all today you would earn a total of 0.00 from holding ProShares UltraShort Utilities or generate 0.0% return on investment in ProShares UltraShort over 90 days. ProShares UltraShort is related to or competes with ProShares Short, ProShares UltraShort, ProShares UltraPro, ProShares Short, Direxion Daily, ProShares UltraShort, and Direxion Daily. The investment seeks daily investment results, before fees and expenses, that correspond to two times the inverse of the...

ProShares UltraShort Upside/Downside Indicators

Information Ratio(0.22)
Maximum Drawdown5.77
Value At Risk(2.08)
Potential Upside2.54

ProShares UltraShort Market Premium Indicators

Risk Adjusted Performance(0.09)
Jensen Alpha(0.14)
Total Risk Alpha(0.36)
Treynor Ratio0.4719

ProShares UltraShort Backtested Returns

Macroaxis considers ProShares UltraShort to be somewhat reliable. ProShares UltraShort maintains Sharpe Ratio (i.e. Efficiency) of -0.1729 which implies the entity had -0.1729% 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-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check ProShares UltraShort Risk Adjusted Performance of (0.09) and Coefficient Of Variation of (731.24) to confirm risk estimate we provide. The etf holds Beta of -0.3801 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 etf 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.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.13 
correlation synergy

Insignificant predictability

ProShares UltraShort Utilities has insignificant predictability. Overlapping area represents the amount of predictability between ProShares UltraShort time series from October 31, 2019 to December 15, 2019 and December 15, 2019 to January 29, 2020. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of ProShares UltraShort price movement. The serial correlation of 0.13 indicates that less than 13.0% of current ProShares UltraShort price fluctuation can be explain by its past prices.
Correlation Coefficient0.13
Spearman Rank Test-0.02
Residual Average0.0
Price Variance0.47

ProShares UltraShort lagged returns against current returns

 Current and Lagged Values 
    
  Timeline 

ProShares UltraShort regressed lagged prices vs. current prices

 Current vs Lagged Prices 
    
  Timeline 

ProShares UltraShort Lagged Returns

 Regressed Prices 
    
  Timeline 

Current Sentiment - SDP

ProShares UltraShort Investor Sentiment

Greater number of Macroaxis users are at this time bullish on ProShares UltraShort Utilities. What is your perspective on investing in ProShares UltraShort Utilities? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Additionally take a look at ProShares UltraShort Hype Analysis, ProShares UltraShort Correlation, Portfolio Optimization, ProShares UltraShort Volatility as well as analyze ProShares UltraShort Alpha and Beta and ProShares UltraShort Performance. Please also try Fund Screener module to find activelly-traded funds from around the world traded on over 30 global exchanges.