ProShares UltraShort Top Etf Volatility
| QQDN Etf | 31.35 -0.66 -2.06% |
Over the last 3 months, ProShares UltraShort Top maintains low price volatility. The latest risk profile is supported by 28 technical indicators. Risk metrics should be viewed alongside other fundamental and technical signals.
Sharpe Ratio = 0.1728
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For ProShares UltraShort Top, recent data highlights a Market Risk Adjusted Performance of -0.2%, a Risk of 2.39, and a Risk Adjusted Performance of 0.1%. ProShares UltraShort reflects approximately 13% of its established trend range based on monthly averages. Portfolio-level outcomes depend on how the asset interacts with other holdings. Portfolio outcomes depend on how ProShares UltraShort interacts with existing holdings over time. Evaluating ProShares UltraShort against its trend range supports more grounded portfolio decisions.
Key indicators related to ProShares UltraShort's volatility include:90 Days Market Risk | Chance Of Distress | 90 Days Economic Sensitivity |
Understanding ProShares UltraShort's historical volatility sets realistic expectations for ProShares UltraShort's future price range. Investors use volatility estimates to size positions, set stop-loss levels, and price the cost of hedging ProShares UltraShort exposure. Volatility analysis for ProShares UltraShort is most actionable when combined with directional views. High financial distress probability for ProShares UltraShort amplifies the risk of extreme downside scenarios.
ProShares | Build portfolio with ProShares Etf |
Volatility Strategy
ProShares UltraShort Top return fluctuations can modify its marginal contribution to total portfolio variance. Allocation size and correlation determine overall impact. Current statistical measures show total volatility near 2.39% with a beta coefficient of -1.73, indicating sensitivity relative to the broader market benchmark. Risk-adjusted efficiency, represented by a Sharpe ratio of 0.17, evaluates return per unit of total risk. An alpha value of 0.18 reflects performance relative to systematic market exposure. Expected return estimates near 0.41% are derived from historical distribution modeling and help frame forward-looking return assumptions within a portfolio context. Underlying asset liquidity impacts pricing efficiency.
Main indicators related to ProShares UltraShort's market risk premium analysis include:
Beta -1.73 | Alpha 0.18 | Risk 2.39 | Sharpe Ratio 0.17 | Expected Return 0.41 |
Moving together with ProShares Etf
| 0.86 | SH | ProShares Short SAMPP500 | PairCorr |
| 0.96 | PSQ | ProShares Short QQQ | PairCorr |
| 0.73 | SPXU | ProShares UltraPro Short | PairCorr |
| 0.84 | SDS | ProShares UltraShort | PairCorr |
| 0.82 | SPXS | Direxion Daily SAMPP | PairCorr |
| 0.85 | QID | ProShares UltraShort QQQ Aggressive Push | PairCorr |
| 0.87 | SPDN | Direxion Daily SAMPP | PairCorr |
| 0.87 | TAIL | Cambria Tail Risk | PairCorr |
| 0.64 | DOG | ProShares Short Dow30 | PairCorr |
| 0.94 | NRGU | Bank of Montreal | PairCorr |
| 0.79 | PFE | Pfizer Inc | PairCorr |
| 0.71 | CAT | Caterpillar | PairCorr |
| 0.81 | JNJ | Johnson Johnson | PairCorr |
Moving against ProShares Etf
| 0.9 | BULZ | MicroSectors Solactive | PairCorr |
| 0.88 | FNGU | MicroSectors FANG Index Symbol Change | PairCorr |
| 0.74 | NVDL | GraniteShares 15x Long | PairCorr |
| 0.72 | GGLL | Direxion Daily GOOGL | PairCorr |
| 0.49 | WGMI | Valkyrie Bitcoin Miners | PairCorr |
| 0.35 | USD | ProShares Ultra | PairCorr |
Sensitivity To Market
ProShares UltraShort Top exhibits a beta of -1.73, representing its market-relative sensitivity based on regression modeling. Beta quantifies systematic risk by measuring the slope of asset returns against benchmark returns. Overall return volatility is approximately 2.39%.Volatility metrics for ProShares UltraShort Top describe how stable or unstable returns have been over the selected window. Current downside deviation is about 1.92%. Premium/discount metrics are commonly used alongside volatility to describe ETF price behavior. Premium/discount to NAV is often expressed as (Price − NAV) / NAV × 100 when NAV is available.
| α | 0.18 | β | -1.7273 | Check current 90 days ProShares UltraShort correlation with market (Dow Jones Industrial)
Downside Risk
For ProShares, standard deviation measures the dispersion of daily prices from the mean over a chosen time horizon. Volatile instruments show high standard deviation; stable instruments show low. Standard deviation for ProShares provides a measure of daily price dispersion around the mean. Standard deviation for ProShares allows comparison of risk levels across different time horizons.
Standard Deviation | 2.39 |
Distinguishing between standard deviation and downside deviation sharpens the risk picture for ProShares UltraShort. Upside risk is measured by ProShares UltraShort's standard deviation, while downside risk is captured by downside deviation of ProShares UltraShort's returns. Standard deviation and downside deviation for ProShares UltraShort measure different things — total dispersion vs. loss-only dispersion. Semi-deviation and downside deviation focus on the loss risk embedded in ProShares UltraShort's returns. For ProShares UltraShort Top, recent data highlights a Downside Deviation of 1.92, a Downside Variance of 3.69, and a Maximum Drawdown of 10.47.
Etf Volatility Analysis
For investors tracking ProShares UltraShort, understanding volatility is essential to managing portfolio risk. It indicates how dramatically ProShares UltraShort's price swings over a specific time horizon. For traders and investors in ProShares UltraShort, volatility is both a risk factor and a source of opportunity. Sharp price movements in ProShares UltraShort's can be triggered by earnings surprises, macroeconomic data, or sector trends.
Transformation |
This analysis covers sixty-one data points across the selected time horizon. ProShares UltraShort Top Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input.
Projected Return Density Against Market
Given the investment horizon of 90 days ProShares UltraShort Top has a beta of -1.7273 indicating as returns on its benchmark rise, returns on ProShares UltraShort Top are expected to decrease by similarly larger amounts. On the other hand, during market turmoil, ProShares UltraShort is expected to outperform its benchmark.Investors in ProShares UltraShort face systematic risk from overall etf market trends and unsystematic risk from company or sector-specific developments. Diversification reduces specific exposure, but macro-driven volatility persists. Beta remains a common sensitivity metric. For ProShares UltraShort Top, recent data highlights a Downside Deviation of 1.92, a Mean Deviation of 1.94, and a Semi Deviation of 1.68.
Predicted Return Distribution |
| Density |
What Drives ProShares UltraShort's Price Volatility?
Industry Dynamics
ProShares UltraShort's volatility can rise when competitive dynamics or demand conditions shift across its sector.Political and Economic Environment
Changes in fiscal policy, rates, and growth expectations affect market-wide risk premiums and spill into ProShares UltraShort's trading.ProShares UltraShort's Company-Specific Factors
Event risk around earnings, forecasts, and operating performance can create abrupt price dispersion in ProShares UltraShort.Etf Risk Measures
Given the investment horizon of 90 days the coefficient of variation of ProShares UltraShort is 578.67. The daily returns are distributed with a variance of 5.72 and standard deviation of 2.39. The mean deviation of ProShares UltraShort Top is currently at 1.99. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.82
α | Alpha over Dow Jones | 0.18 | |
β | Beta against Dow Jones | -1.7273 | |
σ | Overall volatility | 2.39 | |
Ir | Information ratio | 0.14 |
Etf Return Volatility
ProShares UltraShort return volatility captures the typical daily swing in etf returns relative to the mean over the selected period. The ETF has volatility of 2.3927% on return distribution over a 90-day investment horizon. Meanwhile, Dow Jones Industrial has volatility of 0.8467% on return distribution over a 90-day investment horizon. Performance |
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Related Correlations Analysis
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
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ProShares UltraShort Competition Risk-Adjusted Indicators
ProShares UltraShort ETF can look attractive on recent price action while risk efficiency lags the peer group. Reviewing ProShares UltraShort's risk-adjusted indicators gives a clearer view of whether returns are being earned efficiently. These indicators are quantitative in nature and help investors evaluate volatility and risk-adjusted expected returns across different positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| META | 1.49 | -0.10 | 0.00 | -0.16 | 0.00 | 2.33 | 14.24 | |||
| MSFT | 1.29 | -0.36 | 0.00 | -0.76 | 0.00 | 2.19 | 13.28 | |||
| UBER | 1.55 | -0.09 | 0.00 | -0.21 | 0.00 | 3.18 | 11.09 | |||
| F | 1.37 | -0.12 | 0.00 | -0.16 | 0.00 | 3.61 | 10.01 | |||
| T | 1.11 | 0.27 | 0.23 | -1.67 | 1.13 | 3.87 | 8.53 | |||
| A | 1.23 | -0.23 | 0.00 | -0.31 | 0.00 | 2.48 | 7.20 | |||
| CRM | 1.87 | -0.47 | 0.00 | -0.80 | 0.00 | 3.41 | 10.53 | |||
| JPM | 1.13 | -0.01 | 0.00 | -0.06 | 0.00 | 2.02 | 8.17 | |||
| MRK | 1.12 | 0.30 | 0.24 | 0.53 | 1.15 | 2.58 | 7.29 | |||
| XOM | 1.28 | 0.53 | 0.38 | 33.64 | 1.06 | 2.90 | 6.83 |
Risk Metrics, Assumptions & Methodology
Volatility regime analysis for ProShares UltraShort identifies whether the fund is currently in a high, low, or transitioning dispersion state. Regime transitions often precede directional moves, making volatility shifts a useful timing signal.
Data shown for ProShares UltraShort Top is aggregated from fund disclosures and market reference feeds and normalized across reporting formats. Source publication timing can introduce delays. Volatility and downside metrics are estimated from historical return dispersion.
This content is curated and reviewed by:
Gabriel Shpitalnik - Member of Macroaxis Editorial BoardProShares UltraShort Investment Opportunity
ProShares UltraShort Top currently shows materially higher return volatility than Dow Jones Industrial, with a relative multiple of about 2.81. Investors typically want to know whether the additional volatility is buying them more upside or simply more noise.You can use ProShares UltraShort Top to protect the portfolio against small market fluctuations. This directional read frames the latest price swing through a simple momentum and follow-through lens. It gives extra weight to the size of the move, the quote level, and whether the instrument trades in a hype-prone venue. an unexpected downward movement. The market is reacting to new fundamentals. Check odds of ProShares UltraShort to be traded at 30.1 in 90 days.Very strong inverse diversification
Across the chosen horizon, ProShares UltraShort and Dow Jones show a correlation of -0.57 and fall into the Very strong inverse diversification bucket. The overlap area shows the portion of risk that can be diversified away by holding both instruments together.
ProShares UltraShort Additional Risk Indicators
A broader risk-indicator set for ProShares UltraShort Top can improve buy, hold, hedge, and sell decisions by adding context beyond the most common measures. This is most useful when investors want to understand whether the current opportunity is being paid for with reasonable risk.
| Risk Adjusted Performance | 0.1063 | |||
| Market Risk Adjusted Performance | -0.15 | |||
| Mean Deviation | 1.94 | |||
| Semi Deviation | 1.68 | |||
| Downside Deviation | 1.92 | |||
| Coefficient Of Variation | 823.94 | |||
| Standard Deviation | 2.36 |
ProShares UltraShort Suggested Diversification Pairs
Pair analysis around ProShares UltraShort Top matters because it can turn one security idea into a more market-neutral structure. A disciplined pair strategy still requires monitoring because correlation can weaken when market regimes change.
While pairing positions reduces portfolio risk, some forms of risk persist no matter which instruments are combined. No matter how well a pair is constructed around ProShares UltraShort, market-wide risk remains. What pair trading can address is ProShares UltraShort's unsystematic risk - the portion driven by company or sector-specific factors rather than broad market forces.
More Resources for ProShares Etf Analysis
A baseline understanding of ProShares UltraShort Top is formed through its financial statements and trends. The data reflects ProShares UltraShort's reported financial activity across periods.Use Your Equity Center to better understand diversified portfolio construction. All figures are based on reported data and are informational in nature. Monitoring ProShares UltraShort Top within a portfolio highlights how it interacts with other holdings. The relative size of each holding follows the selected allocation framework. Broader economic conditions can influence ProShares UltraShort Top's etf valuation — related indicators include signals in unemployment. This analysis of ProShares UltraShort works best as a complementary layer when evaluating how the security fits in a broader portfolio. ProShares UltraShort peer comparison and risk tools below help frame relative strengths and weaknesses. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
ProShares UltraShort Top's market price can diverge from book value, the accounting figure shown on ProShares's balance sheet. Intrinsic value represents an estimate of underlying worth and can differ from both market price and book value.
Distinguishing between ProShares UltraShort's value and market price helps frame analytical expectations. This view summarizes available data without implying outcomes.