ProShares UltraShort Total Risk Alpha
| ZSL Etf | | | USD 18.37 0.90 5.15% |
The Total Risk Alpha lookup presents technical context for ProShares UltraShort Silver and related instruments. Coverage varies by data normalization and availability; see
Equity Screeners for broader screening context.
Your Current Watchlist provides context for diversified portfolio design. Such insight adds context to allocation decisions within a diversified portfolio. The allocation includes a position in ProShares UltraShort Silver within the portfolio mix. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in main economic indicators.
ProShares UltraShort Silver has current Total Risk Alpha of
-1.07. 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] |
| = | -1.07 | |
| ER[a] | = | Expected return on investing in ProShares UltraShort |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on ProShares UltraShort |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
ProShares UltraShort Total Risk Alpha Peers Comparison
ProShares Total Risk Alpha Relative To Other Indicators
ProShares UltraShort Silver is rated
below average for total risk alpha within its ETF group. It is currently under evaluation for maximum drawdown within its ETF group .
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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