ProShares Ultra Correlations

UJB Etf

USD 77.39 -1.40 -1.78%

Current 90-days correlation between ProShares Ultra High and Global X Funds is 0.36 (i.e., Weak diversification).For portfolio construction purposes, ProShares Ultra's correlation structure determines how much it contributes to or reduces overall portfolio volatility relative to other positions.

Market Correlation View for ProShares Ultra

Very poor diversification

Across the chosen horizon, UJB and DJI show a correlation of 0.83 and fall into the Very poor diversification bucket. In portfolio terms, the overlap visualization shows how much shared movement remains after both positions are combined.

Build AI portfolio with ProShares Etf

World Market Map provides context for diversified portfolio construction. Broader allocation clarity strengthens diversification analysis. This reflects a position in ProShares Ultra High inside the allocation mix. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with ProShares Etf

0.62	NUGT	Direxion Daily Gold	Pair Corr
0.65	SMH	VanEck Semiconductor ETF	Pair Corr
0.62	EWH	iShares MSCI Hong	Pair Corr
0.74	HSCZ	iShares Currency Hedged	Pair Corr
0.74	FB	ProShares Trust ProShares	Pair Corr
0.64	GHTA	Collaborative Investment	Pair Corr
0.65	HCMAX	THE HILLMAN FUND	Pair Corr
0.68	IGPT	Invesco Dynamic Software	Pair Corr
0.72	SOXL	Direxion Daily	Pair Corr
0.71	HEFA	iShares Currency Hedged	Pair Corr
0.74	MAYT	AIM ETF Products	Pair Corr

Moving against ProShares Etf

0.34

DBE

Invesco DB Energy

Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.01	-0.03	0.0	0.1	-0.05	-0.02	0.13	-0.08	0.05	META
MSFT	-0.01		0.85	-0.07	-0.91	0.83	0.97	0.56	-0.92	-0.95	MSFT
UBER	-0.03	0.85		-0.03	-0.85	0.84	0.83	0.44	-0.81	-0.83	UBER
F	0.0	-0.07	-0.03		-0.06	0.32	-0.09	0.35	0.21	0.01	F
T	0.1	-0.91	-0.85	-0.06		-0.86	-0.86	-0.48	0.83	0.87	T
A	-0.05	0.83	0.84	0.32	-0.86		0.81	0.71	-0.71	-0.85	A
CRM	-0.02	0.97	0.83	-0.09	-0.86	0.81		0.62	-0.89	-0.97	CRM
JPM	0.13	0.56	0.44	0.35	-0.48	0.71	0.62		-0.38	-0.62	JPM
MRK	-0.08	-0.92	-0.81	0.21	0.83	-0.71	-0.89	-0.38		0.91	MRK
XOM	0.05	-0.95	-0.83	0.01	0.87	-0.85	-0.97	-0.62	0.91		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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	+ 0.97	MSFT
XOM	+ 0.91	MRK
XOM	+ 0.87	T
UBER	+ 0.85	MSFT
A	+ 0.84	UBER
A	+ 0.83	MSFT

High negative correlations

XOM	- 0.97	CRM
XOM	- 0.95	MSFT
MRK	- 0.92	MSFT
T	- 0.91	MSFT
MRK	- 0.89	CRM
CRM	- 0.86	T

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
META	1.42	-0.03	0.00	-0.09	0.00	0.00	2.30	-2.81	13.69
MSFT	1.28	-0.25	0.00	-0.77	0.00	0.00	2.19	-2.87	13.28
UBER	1.58	-0.31	0.00	-0.96	0.00	0.00	2.70	-3.82	11.09
F	1.34	-0.04	0.00	-0.09	0.00	0.00	3.61	-2.64	10.01
T	1.13	0.13	0.14	-0.58	1.21	-1.28	3.87	-1.92	8.53
A	1.29	-0.34	0.00	-0.37	0.00	0.00	2.48	-3.01	7.20
CRM	1.74	-0.36	0.00	-0.66	0.00	0.00	3.41	-4.75	9.78
JPM	1.24	-0.08	0.00	-0.10	0.00	0.00	2.34	-3.11	8.17
MRK	1.18	0.27	0.19	0.49	1.27	-1.29	2.54	-2.06	7.29
XOM	1.34	0.43	0.32	14.65	1.12	-1.57	2.90	-2.44	6.83

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