Correlation Between Advisor Managed and ProShares UltraShort
Can any of the company-specific risk be diversified away by investing in both Advisor Managed and ProShares UltraShort at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Advisor Managed and ProShares UltraShort into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Advisor Managed Portfolios and ProShares UltraShort Consumer, you can compare the effects of market volatilities on Advisor Managed and ProShares UltraShort and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Advisor Managed with a short position of ProShares UltraShort. Check out your portfolio center. Please also check ongoing floating volatility patterns of Advisor Managed and ProShares UltraShort.
Diversification Opportunities for Advisor Managed and ProShares UltraShort
-0.69 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between Advisor and ProShares is -0.69. Overlapping area represents the amount of risk that can be diversified away by holding Advisor Managed Portfolios and ProShares UltraShort Consumer in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on ProShares UltraShort and Advisor Managed is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Advisor Managed Portfolios are associated (or correlated) with ProShares UltraShort. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of ProShares UltraShort has no effect on the direction of Advisor Managed i.e., Advisor Managed and ProShares UltraShort go up and down completely randomly.
Pair Corralation between Advisor Managed and ProShares UltraShort
Considering the 90-day investment horizon Advisor Managed Portfolios is expected to generate 0.36 times more return on investment than ProShares UltraShort. However, Advisor Managed Portfolios is 2.8 times less risky than ProShares UltraShort. It trades about 0.08 of its potential returns per unit of risk. ProShares UltraShort Consumer is currently generating about -0.03 per unit of risk. If you would invest 2,072 in Advisor Managed Portfolios on September 26, 2025 and sell it today you would earn a total of 90.00 from holding Advisor Managed Portfolios or generate 4.34% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Advisor Managed Portfolios vs. ProShares UltraShort Consumer
Performance |
| Timeline |
| Advisor Managed Port |
| ProShares UltraShort |
Advisor Managed and ProShares UltraShort Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Advisor Managed and ProShares UltraShort
The main advantage of trading using opposite Advisor Managed and ProShares UltraShort positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Advisor Managed position performs unexpectedly, ProShares UltraShort can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ProShares UltraShort will offset losses from the drop in ProShares UltraShort's long position.| Advisor Managed vs. Matthews International Funds | Advisor Managed vs. Gammaroad Market Navigation | Advisor Managed vs. ProShares Metaverse ETF | Advisor Managed vs. DBX ETF Trust |
| ProShares UltraShort vs. ProShares UltraShort Nasdaq | ProShares UltraShort vs. ProShares UltraPro Short | ProShares UltraShort vs. ProShares Ultra Cloud | ProShares UltraShort vs. Leverage Shares 2X |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
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