As of 18 of September ProShares UltraShort holds Risk Adjusted Performance of (0.06) and Coefficient Of Variation of (1,486). Compared with Fundamental Indicators, Macroaxis technical analysis interface allows you to check existing technical drivers of ProShares UltraShort as well as the relationship between them. In other words you can use this information to find out if the etf will indeed mirror its model of past market data or the prices will eventually revert. We found nineteen technical drivers for ProShares UltraShort which can be compared to its competitors. Please check ProShares UltraShortVariance, Value At Risk as well as the relationship between Value At Risk and Skewness to decide if ProShares UltraShort is priced some-what accurately providing market reflects its current price of 15.53 per share.
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of ProShares UltraShort volatility. High ATR values indicate high volatility, and low values indicate low volatility. View also all equity analysis or get more info about average true range volatility indicators indicator.
ProShares UltraShort Trend Analysis
Use this graph to draw trend lines for ProShares UltraShort Utilities. You can use it to identify possible trend reversals for ProShares UltraShort as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual ProShares UltraShort price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
ProShares UltraShort Best Fit Change Line
The following chart estimates an ordinary least squares regression model for ProShares UltraShort Utilities applied against its price change over selected period. The best fit line has a slop of 0.03 % which may imply that the returns on investment in ProShares UltraShort Utilities will continue to fail. It has 122 observation points and a regression sum of squares at 29.37, which is the sum of squared deviations for the predicted ProShares UltraShort price change compared to its average price change.
ProShares UltraShort September 18, 2019 Technical Indicators
Based on recorded statements ProShares UltraShort Utilities has One Year Return of -28.78%. This is 69.49% higher than that of the ProShares family, and 390.49% lower than that of Trading--Inverse Equity category, The One Year Return for all etfs is 2867.01% higher than the company.
ProShares UltraShort Comparables
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
ProShares UltraShort September 18, 2019 Daily Price Condition