ProShares Ultra Total Risk Alpha
| UPW Etf | | | USD 25.33 -0.25 -0.98% |
Technical inputs supporting the Total Risk Alpha indicator for ProShares Ultra Utilities are shown here. Values are derived from historical price and volume observations. Availability can differ across markets, exchanges, and instruments. Review
World Market Map to understand diversified portfolio construction. Clearer exposure analysis supports long-term portfolio balance. Diversified allocation aims to distribute exposure across multiple positions. All figures are based on reported data and are informational in nature. The allocation includes a position in ProShares Ultra Utilities. It is distributed across the allocation. The weighting is determined by the allocation framework in use. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in employment.
ProShares Ultra Utilities has current Total Risk Alpha of 0.4352. 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] |
| = | 0.4352 | |
| ER[a] | = | Expected return on investing in ProShares Ultra |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on ProShares Ultra |
| 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 Ultra Utilities stands at number one for total risk alpha relative to ETF peers. It is currently under evaluation for maximum drawdown relative to ETF peers reflecting a
20.54 ratio of Maximum Drawdown to Total Risk Alpha. ProShares Ultra Utilities's Maximum Drawdown exceeds Total Risk Alpha by a factor of
20.54 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare ProShares Ultra to Peers
Other Technical Indicators