ProShares Ultra Total Risk Alpha
| UYG Etf | | | USD 71.88 -1.73 -2.35% |
Reference data associated with the Total Risk Alpha technical indicator for ProShares Ultra Financials. Some instruments may provide partial coverage depending on trading history.
ProShares Ultra Financials has current Total Risk Alpha of
-0.13. 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] |
| = | -0.13 | |
| 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 Financials is rated
below average in total risk alpha relative to comparable ETFs. It is currently under evaluation in maximum drawdown relative to comparable ETFs .
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