ProShares Etf Alpha and Beta Analysis


USD 9.94  0.11  1.09%   

This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as ProShares UltraShort Basic. It also helps investors analyze the systematic and unsystematic risks associated with investing in ProShares UltraShort over a specified time horizon. Remember, high ProShares UltraShort's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation.
Additionally, take a look at ProShares UltraShort Backtesting, Portfolio Optimization, ProShares UltraShort Correlation, ProShares UltraShort Hype Analysis, ProShares UltraShort Volatility, ProShares UltraShort History and analyze ProShares UltraShort Performance.
Please note that although ProShares UltraShort alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., NYSE Composite index.) So in this particular case, ProShares UltraShort did 0.34  worse than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of ProShares UltraShort Basic etf's relative risk over its benchmark. ProShares UltraShort has a beta of 0.18  . Let's try to break down what ProShares's beta means in this case. As returns on the market increase, returns on owning ProShares UltraShort are expected to decrease at a much lower rate. During the bear market, ProShares UltraShort is likely to outperform the market.
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.

ProShares UltraShort Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. ProShares UltraShort market risk premium is the additional return an investor will receive from holding ProShares UltraShort long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in ProShares UltraShort. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate ProShares UltraShort's performance over market.
α-0.34   β-0.18
90 days against NYA

ProShares UltraShort expected buy-and-hold returns

Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of ProShares UltraShort's Buy-and-hold return. Our buy-and-hold chart shows how ProShares UltraShort performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

ProShares UltraShort Market Price Analysis

Market price analysis indicators help investors to evaluate how ProShares UltraShort etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ProShares UltraShort shares will generate the highest return on investment. By understating and applying ProShares UltraShort etf market price indicators, traders can identify ProShares UltraShort position entry and exit signals to maximize returns.

ProShares UltraShort Return and Market Media

The median price of ProShares UltraShort for the period between Fri, Sep 9, 2022 and Thu, Dec 8, 2022 is 12.74 with a coefficient of variation of 14.51. The daily time series for the period is distributed with a sample standard deviation of 1.81, arithmetic mean of 12.46, and mean deviation of 1.52. The Etf did not receive any noticable media coverage during the period.
 Price Growth (%)  

About ProShares UltraShort Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including ProShares or other etfs. Alpha measures the amount that position in ProShares UltraShort has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards ProShares UltraShort in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, ProShares UltraShort's short interest history, or implied volatility extrapolated from ProShares UltraShort options trading.

Build Portfolio with ProShares UltraShort

Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.

Build Diversified Portfolios

Align your risk with return expectations

Fix your portfolio
By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
Additionally, take a look at ProShares UltraShort Backtesting, Portfolio Optimization, ProShares UltraShort Correlation, ProShares UltraShort Hype Analysis, ProShares UltraShort Volatility, ProShares UltraShort History and analyze ProShares UltraShort Performance. You can also try Focused Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.

Complementary Tools for analysis

When running ProShares UltraShort price analysis, check to measure ProShares UltraShort's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ProShares UltraShort is operating at the current time. Most of ProShares UltraShort's value examination focuses on studying past and present price action to predict the probability of ProShares UltraShort's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move ProShares UltraShort's price. Additionally, you may evaluate how the addition of ProShares UltraShort to your portfolios can decrease your overall portfolio volatility.
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ProShares UltraShort technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
A focus of ProShares UltraShort technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of ProShares UltraShort trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...