ProShares UltraPro Total Risk Alpha
| SQQQ Etf | | | USD 75.78 0.57 0.76% |
This module presents the Total Risk Alpha indicator for ProShares UltraPro Short using available market inputs. The indicator computation uses normalized market activity data. Exchange-specific data schedules may affect the recency of readings. The
Equity Screeners framework provides wider technical analysis context. Use
World Market Map to better understand diversified portfolio construction. The diversification view provides additional analytical depth. Position sizing and allocation together define the portfolio construction approach. A position in ProShares UltraPro Short is part of the allocation. It is reflected in the overall portfolio structure. How positions are weighted depends on the construction approach used. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in producer price index.
ProShares UltraPro Short has current Total Risk Alpha of 0.5227. The total risk alpha measures the performance of an asset by comparing its returns with those of a selected benchmark portfolio.
Total Risk Alpha | = | RFR + (ER[b] - ER[a]) | x | STD[a] / STD[b] |
| = | 0.5227 | |
| ER[a] | = | Expected return on investing in ProShares UltraPro |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on ProShares UltraPro |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Total Risk Alpha Peers Comparison
Total Risk Alpha Relative To Other Indicators
ProShares UltraPro Short is ranked
second for total risk alpha among related ETFs. It is currently under evaluation for maximum drawdown among related ETFs with Maximum Drawdown measuring nearly
23.81 against Total Risk Alpha. Maximum Drawdown runs about
23.81 times Total Risk Alpha for ProShares UltraPro Short
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare ProShares UltraPro to Peers
Other Technical Indicators