Correlation Between ProShares Ultra and Rockefeller Global
Can any of the company-specific risk be diversified away by investing in both ProShares Ultra and Rockefeller Global 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 ProShares Ultra and Rockefeller Global into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between ProShares Ultra Yen and Rockefeller Global Equity, you can compare the effects of market volatilities on ProShares Ultra and Rockefeller Global 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 ProShares Ultra with a short position of Rockefeller Global. Check out your portfolio center. Please also check ongoing floating volatility patterns of ProShares Ultra and Rockefeller Global.
Diversification Opportunities for ProShares Ultra and Rockefeller Global
-0.61 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between ProShares and Rockefeller is -0.61. Overlapping area represents the amount of risk that can be diversified away by holding ProShares Ultra Yen and Rockefeller Global Equity in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Rockefeller Global Equity and ProShares Ultra 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 ProShares Ultra Yen are associated (or correlated) with Rockefeller Global. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Rockefeller Global Equity has no effect on the direction of ProShares Ultra i.e., ProShares Ultra and Rockefeller Global go up and down completely randomly.
Pair Corralation between ProShares Ultra and Rockefeller Global
Considering the 90-day investment horizon ProShares Ultra Yen is expected to under-perform the Rockefeller Global. In addition to that, ProShares Ultra is 1.69 times more volatile than Rockefeller Global Equity. It trades about -0.07 of its total potential returns per unit of risk. Rockefeller Global Equity is currently generating about 0.14 per unit of volatility. If you would invest 2,787 in Rockefeller Global Equity on July 20, 2025 and sell it today you would earn a total of 178.00 from holding Rockefeller Global Equity or generate 6.39% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
ProShares Ultra Yen vs. Rockefeller Global Equity
Performance |
| Timeline |
| ProShares Ultra Yen |
| Rockefeller Global Equity |
ProShares Ultra and Rockefeller Global Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with ProShares Ultra and Rockefeller Global
The main advantage of trading using opposite ProShares Ultra and Rockefeller Global positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if ProShares Ultra position performs unexpectedly, Rockefeller Global 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 Rockefeller Global will offset losses from the drop in Rockefeller Global's long position.| ProShares Ultra vs. ProShares VIX Mid Term | ProShares Ultra vs. AIM ETF Products | ProShares Ultra vs. iShares International Developed | ProShares Ultra vs. Neuberger Berman ETF |
| Rockefeller Global vs. Xtrackers MSCI Kokusai | Rockefeller Global vs. ProShares UltraPro Dow30 | Rockefeller Global vs. Capital Group New | Rockefeller Global vs. WisdomTree International Quality |
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 Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
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