ProShares Ultra Correlations

Etfs . USA . 
Etf . ProShares Ultra MSCI
EFO Etf  USD 54.48  0.42  0.77%   
The current 90-days correlation between ProShares Ultra MSCI and ProShares Ultra MSCI is -0.18 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ProShares Ultra moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ProShares Ultra MSCI moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

ProShares Ultra Correlation With Market

Good diversification

The correlation between ProShares Ultra MSCI and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ProShares Ultra MSCI and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with ProShares Etf
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ProShares Ultra MSCI. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with ProShares Etf

  0.92SSO ProShares Ultra SP500PairCorr
  0.92SPXL Direxion Daily SP500PairCorr
  0.94QLD ProShares Ultra QQQPairCorr
  0.76NRGU Bank of MontrealPairCorr
  0.93UPRO ProShares UltraPro SP500PairCorr
  0.89TECL Direxion Daily TechnologyPairCorr
  0.81GUSH Direxion Daily SPPairCorr
  0.88UYG ProShares Ultra FinaPairCorr
  0.93VTI Vanguard Total StockPairCorr
  0.93SPY SPDR SP 500PairCorr
  0.93IVV iShares Core SPPairCorr
  0.9VTV Vanguard Value Index Sell-off TrendPairCorr
  0.93VUG Vanguard Growth IndexPairCorr
  0.93VO Vanguard Mid CapPairCorr
  0.96VEA Vanguard FTSE DevelopedPairCorr
  0.91VB Vanguard Small CapPairCorr
  0.92VWO Vanguard FTSE EmergingPairCorr
  0.86IBM International Business Earnings Call TomorrowPairCorr
  0.82MMM 3M CompanyPairCorr
  0.91BAC Bank of AmericaPairCorr
  0.93GE GE Aerospace Earnings Call TodayPairCorr
  0.83AA Alcoa CorpPairCorr
  0.82PFE Pfizer IncPairCorr
  0.87CAT CaterpillarPairCorr
  0.93DIS Walt DisneyPairCorr
  0.93MSFT Microsoft Aggressive PushPairCorr
  0.89JPM JPMorgan Chase Sell-off TrendPairCorr
  0.9AXP American ExpressPairCorr

Moving against ProShares Etf

  0.75FNGU MicroSectors FANG Index Symbol ChangePairCorr
  0.55MCD McDonaldsPairCorr
  0.45KO Coca Cola Earnings Call TodayPairCorr
  0.37PG Procter Gamble Earnings Call This WeekPairCorr

Related Correlations Analysis

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ProShares Ultra Constituents Risk-Adjusted Indicators

There is a big difference between ProShares Etf performing well and ProShares Ultra ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze ProShares Ultra's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

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