ProShares UltraPro Total Risk Alpha
| URTY Etf | | | USD 52.52 -0.04 -0.08% |
The Total Risk Alpha signal for ProShares UltraPro Russell2000 reflects patterns observed in trading data. Availability can differ across markets, exchanges, and instruments.
World Market Map provides context for diversified portfolio design. Portfolio balance depends on how holdings are weighted relative to each other. Portfolio tools allow users to monitor ProShares UltraPro Russell2000 alongside other positions. This information is provided for contextual purposes. Broader economic conditions can influence ProShares UltraPro Russell2000's etf valuation — related indicators include
signals in population.
ProShares UltraPro Russell2000 has current Total Risk Alpha of 0.2811. 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] |
| = | 0.2811 | |
| 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 Russell2000 ranks first in total risk alpha compared to similar ETFs. It is currently under evaluation in maximum drawdown compared to similar ETFs reporting about
62.25 of Maximum Drawdown per Total Risk Alpha. At
62.25 , ProShares UltraPro Russell2000's Maximum Drawdown-to-Total Risk Alpha multiple reflects the spread between these metrics
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