ProShares UltraShort Gold Etf Statistic Functions Beta
| GLL Etf | USD 23.34 1.60 7.36% |
| Symbol |
This analysis covers forty-seven data points across the selected time horizon. The Beta measures systematic risk based on how returns on ProShares UltraShort Gold correlated with the market. If Beta is less than 0 ProShares UltraShort generally moves in the opposite direction as compared to the market. If ProShares UltraShort Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one ProShares UltraShort Gold is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of ProShares UltraShort is generally in the same direction as the market. If Beta > 1 ProShares UltraShort moves generally in the same direction as, but more than the movement of the benchmark.
ProShares UltraShort Technical Analysis Modules
A technical review of ProShares UltraShort evaluates how price, volume, and momentum indicators converge or diverge to signal directional bias. Backtesting individual indicators against ProShares's price history can reveal which signals have been most reliable.| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Methodology, Assumptions & Data Sources
The chart shows how ProShares UltraShort's Statistic Functions has moved over time. Consistency across good and bad years can be a sign of durability.
Unless otherwise specified, data for ProShares UltraShort Gold is compiled from fund disclosures and market reference feeds and standardized for comparability. Updates may occur throughout the day.