ProShares UltraShort Correlations

Market Correlation Context: ProShares UltraShort

For portfolio construction context, review Correlation Analysis. Clearer exposure analysis supports long-term portfolio balance. A position in ProShares UltraShort Bloomberg is indicated here. This is part of the broader portfolio composition. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations CRM + 0.96 MSFT UBER + 0.86 MSFT MRK + 0.86 T CRM + 0.85 UBER A + 0.84 MSFT A + 0.8 UBER

High negative correlations XOM - 0.95 CRM XOM - 0.95 MSFT XOM - 0.89 A XOM - 0.84 UBER T - 0.8 UBER CRM - 0.75 T

ProShares UltraShort Competition Risk-Adjusted Indicators

ProShares UltraShort ETF may look attractive on headline returns alone, but deeper analysis often tells a different story. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze ProShares UltraShort'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.