ProShares Short Correlations

REK Etf

USD 16.52 0.08 0.48%

The current 90-days correlation between ProShares Short Real and Harbor ETF Trust is 0.17 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ProShares Short moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ProShares Short Real moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

ProShares Short Correlation With Market

Very good diversification

The correlation between ProShares Short Real and DJI is -0.25 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ProShares Short Real and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with ProShares Etf

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in ProShares Short Real. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in discontinued.

Moving against ProShares Etf

0.51	RDIV	Invesco SP Ultra	Pair Corr
0.48	OIH	VanEck Oil Services	Pair Corr
0.31	BINC	BlackRock ETF Trust	Pair Corr
0.55	PG	Procter Gamble	Pair Corr
0.54	INTC	Intel	Pair Corr
0.53	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.49	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.49	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.44	CAT	Caterpillar	Pair Corr
0.33	VZ	Verizon Communications Aggressive Push	Pair Corr
0.31	BA	Boeing	Pair Corr

Related Correlations Analysis

	EEV	QQDN	SMDD	YXI	UBR	SPMV	SCC	EPSB
EEV		-0.51	0.84	0.42	-0.87	-0.69	0.45	-0.91	EEV
QQDN	-0.51		-0.43	0.24	0.51	0.18	0.02	0.59	QQDN
SMDD	0.84	-0.43		0.12	-0.69	-0.87	0.71	-0.97	SMDD
YXI	0.42	0.24	0.12		-0.23	-0.11	0.14	-0.1	YXI
UBR	-0.87	0.51	-0.69	-0.23		0.54	-0.23	0.79	UBR
SPMV	-0.69	0.18	-0.87	-0.11	0.54		-0.78	0.81	SPMV
SCC	0.45	0.02	0.71	0.14	-0.23	-0.78		-0.59	SCC
EPSB	-0.91	0.59	-0.97	-0.1	0.79	0.81	-0.59		EPSB
	EEV	QQDN	SMDD	YXI	UBR	SPMV	SCC	EPSB

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

SMDD	+ 0.84	EEV
EPSB	+ 0.81	SPMV
EPSB	+ 0.79	UBR
SCC	+ 0.71	SMDD
EPSB	+ 0.59	QQDN
SPMV	+ 0.54	UBR

High negative correlations

EPSB	- 0.97	SMDD
EPSB	- 0.91	EEV
SPMV	- 0.87	SMDD
UBR	- 0.87	EEV
SCC	- 0.78	SPMV
UBR	- 0.69	SMDD

ProShares Short Constituents Risk-Adjusted Indicators

There is a big difference between ProShares Etf performing well and ProShares Short 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 Short'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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
EEV	1.41	(0.21)	0.00	0.24	0.00	0.00	2.52	(3.72)	9.66
QQDN	1.78	0.32	0.05	(0.14)	1.98	(2.04)	4.14	(2.80)	11.48
SMDD	2.15	(0.20)	0.00	0.15	0.00	0.00	4.12	(5.55)	15.11
YXI	0.89	0.05	(0.06)	0.00	1.31	(0.89)	1.64	(1.88)	5.78
UBR	2.36	0.53	0.15	0.50	3.29	(2.62)	5.34	(5.88)	17.95
SPMV	0.47	(0.01)	(0.07)	0.07	0.49	(0.52)	0.98	(0.83)	2.54
SCC	1.66	0.22	(0.01)	(0.04)	1.93	(1.85)	4.37	(3.35)	9.12
EPSB	0.76	0.18	0.23	0.26	0.36	(0.94)	2.49	(1.18)	4.06

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