ProShares Ultra Technology Etf Volatility
| ROM Etf | USD 83.63 2.15 2.64% |
ProShares Ultra Technology continues to trade with relatively low price volatility through the last 3 months. ProShares Ultra Technology registers a Sharpe ratio of -0.0806, supporting negative efficiency readings over the last 3 months. The current volatility setup reflects 24 technical indicators.
Sharpe Ratio = -0.0806
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| Negative Returns | ROM |
ProShares Ultra Technology posted a Market Risk Adjusted Performance of -0.05%, a Risk of 2.75, and a Risk Adjusted Performance of -0.03% for the reported period. Monthly performance data suggests ProShares Ultra is falling short of its full potential. Incorporating it into a well-diversified portfolio can enhance total return while reducing risk. Portfolio optimization can identify the allocation weight that maximizes ProShares Ultra risk-adjusted contribution. This analysis supports more informed allocation decisions for ProShares Ultra within a portfolio.
Key indicators related to ProShares Ultra's volatility include:90 Days Market Risk | Chance Of Distress | 90 Days Economic Sensitivity |
The risk model for ProShares Ultra incorporates multiple volatility measures including realized volatility and beta. This statistical measure reflects the magnitude of ProShares Ultra's typical price swings and is a primary input in options pricing models. ProShares Ultra's beta measures how much ProShares Ultra's price moves relative to the broad market. When implied volatility for ProShares Ultra is above realized volatility, options premiums may be elevated relative to norms.
ProShares | Build portfolio with ProShares Etf |
Volatility Strategy
Volatility clustering in ProShares Ultra Technology may influence portfolio rebalancing frequency. Current statistical measures show total volatility near 2.75% with a beta coefficient of 2.27, indicating sensitivity relative to the broader market benchmark. Risk-adjusted efficiency, represented by a Sharpe ratio of -0.0806, evaluates return per unit of total risk. An alpha value of 0.0281 reflects performance relative to systematic market exposure. Expected return estimates near -0.22% are derived from historical distribution modeling and help frame forward-looking return assumptions within a portfolio context. Spread width may contribute to realized volatility.
Main indicators related to ProShares Ultra's market risk premium analysis include:
Beta 2.27 | Alpha 0.0281 | Risk 2.75 | Sharpe Ratio -0.08 | Expected Return -0.22 |
Moving together with ProShares Etf
| 0.68 | SSO | ProShares Ultra SAMPP500 | PairCorr |
| 0.82 | SPXL | Direxion Daily SAMPP500 | PairCorr |
| 0.97 | QLD | ProShares Ultra QQQ | PairCorr |
| 0.71 | UPRO | ProShares UltraPro | PairCorr |
| 1.0 | TECL | Direxion Daily Technology | PairCorr |
| 0.85 | FNGU | MicroSectors FANG Index Symbol Change | PairCorr |
| 0.79 | UYG | ProShares Ultra | PairCorr |
| 0.76 | AVGG | Leverage Shares 2X | PairCorr |
| 0.86 | MDBX | Tradr 2X Long | PairCorr |
| 0.68 | BAC | Bank of America | PairCorr |
| 0.8 | IBM | International Business | PairCorr |
| 0.86 | MSFT | Microsoft | PairCorr |
| 0.81 | AXP | American Express | PairCorr |
| 0.86 | DIS | Walt Disney | PairCorr |
Moving against ProShares Etf
| 0.84 | NRGU | Bank of Montreal | PairCorr |
| 0.83 | GUSH | Direxion Daily SAMPP | PairCorr |
| 0.73 | SCHD | Schwab Dividend Equity | PairCorr |
Sensitivity To Market
The systematic risk of ProShares Ultra Technology is captured by a beta reading of 2.27, indicating responsiveness to overall market fluctuations. Observed volatility is near 2.75%.Volatility measures for ProShares Ultra Technology summarize how wide the trading range has been over time. Downside deviation is about 0.0%. ETF variability can increase when the underlying basket is less liquid, making spreads wider and NAV alignment slower. Premium/discount to NAV is often expressed as (Price − NAV) / NAV × 100 when NAV is available.
3 Months Beta |Analyze ProShares Ultra Demand TrendCheck current 90 days ProShares Ultra correlation with market (Dow Jones Industrial)Downside Risk
The standard deviation of ProShares measures the spread of its daily returns around the mean. Highly volatile instruments have large standard deviations; stable instruments have small ones. Standard deviation of ProShares is a key measure of price volatility reflecting the average daily deviation from the mean. More volatile instruments exhibit higher standard deviations over equivalent time periods.
Standard Deviation | 2.75 |
Standard deviation and downside deviation are complementary tools for assessing ProShares Ultra's risk. Investors specifically concerned with loss potential should use downside deviation or semi-deviation of ProShares Ultra's returns. For investors in ProShares Ultra, understanding the difference between standard deviation and downside deviation is important. Semi-deviation of ProShares Ultra's returns captures only losses, providing a more focused risk measure. ProShares Ultra Technology posted a Maximum Drawdown of 13.24 for the reported period.
Etf Volatility Analysis
In evaluating ProShares Ultra as an investment, volatility is a primary indicator of risk. High volatility generally means the etf price moves dramatically in a short period of time. Investors with a lower risk tolerance generally prefer etfs exhibiting lower volatility. Volatility metrics help portfolio managers set stop-losses and size positions appropriately for ProShares Ultra.
Transformation |
This analysis covers sixty-one data points across the selected time horizon. ProShares Ultra 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
Considering the 90-day investment horizon ProShares Ultra has a beta of 2.2709 indicating as the benchmark fluctuates upward, the ETF is expected to outperform it on average. However, if the benchmark returns are projected to be negative, ProShares Ultra will likely underperform.ProShares Ultra volatility reflects broader etf market cycles alongside company or sector-specific developments. Diversified portfolios reduce specific exposure but not systemic risk. ProShares Ultra Technology posted a Mean Deviation of 2.21 and a Standard Deviation of 2.77 for the reported period.
Predicted Return Distribution |
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What Drives ProShares Ultra's Price Volatility?
Industry Dynamics
Peer results and sector re-ratings in the ProShares sector often influence how investors price ProShares Ultra's risk.Political and Economic Environment
Macro data and central-bank signals can change valuation assumptions and short-term positioning around ProShares Ultra.ProShares Ultra's Company-Specific Factors
Company-specific events such as product updates, strategic actions, or execution issues can trigger volatility clusters.Etf Risk Measures
Considering the 90-day investment horizon the coefficient of variation of ProShares Ultra is -1240.19. The daily returns are distributed with a variance of 7.55 and standard deviation of 2.75. The mean deviation of ProShares Ultra Technology is currently at 2.2. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.82
α | Alpha over Dow Jones | 0.03 | |
β | Beta against Dow Jones | 2.27 | |
σ | Overall volatility | 2.75 | |
Ir | Information ratio | -0.021 |
Etf Return Volatility
Daily return volatility for ProShares Ultra measures how far etf returns deviate from their average on a day-to-day basis. The ETF shows 2.7468% volatility of returns over 90 trading days. For comparison, Dow Jones Industrial has volatility of 0.8483% 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 Ultra Constituents Risk-Adjusted Indicators
Evaluating ProShares Etf requires separating price momentum from underlying operating strength versus competitors. Peer-relative risk metrics add context on drawdown behavior, consistency, and return quality. 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PSI | 1.93 | 0.47 | 0.16 | 0.18 | 2.24 | 4.24 | 12.12 | |||
| IHAK | 1.17 | -0.07 | 0.00 | -0.15 | 0.00 | 2.37 | 7.69 | |||
| UYG | 1.61 | -0.39 | 0.00 | 0.79 | 0.00 | 2.49 | 10.89 | |||
| TMSL | 0.86 | 0.10 | 0.07 | 0.02 | 1.26 | 1.50 | 6.83 | |||
| TGRW | 0.86 | -0.19 | 0.00 | 0.50 | 0.00 | 1.34 | 4.37 | |||
| SUSL | 0.65 | -0.02 | 0.00 | -0.09 | 0.00 | 1.03 | 4.07 | |||
| PEY | 0.68 | 0.07 | 0.12 | 0.05 | 0.72 | 1.86 | 3.56 | |||
| VMMSX | 0.91 | 0.18 | 0.12 | 0.11 | 1.31 | 1.88 | 6.90 | |||
| IWC | 1.23 | 0.09 | 0.04 | 0.00 | 1.68 | 1.70 | 7.01 | |||
| CGCV | 0.50 | 0.02 | 0.00 | -0.04 | 0.00 | 0.88 | 3.37 |
Risk Metrics, Assumptions & Methodology
Volatility for ProShares Ultra reflects price dispersion, spread stability, and underlying basket liquidity conditions. Market stress typically elevates dispersion and correlation risk.
This section for ProShares Ultra Technology is built from fund disclosures and market reference feeds, with reporting definitions aligned before display. Values may update on different source schedules. Volatility and downside metrics are estimated from historical return dispersion.
This content is curated and reviewed by:
Gabriel Shpitalnik - Member of Macroaxis Editorial BoardProShares Ultra Investment Opportunity
ProShares Ultra Technology is about 3.24 times more volatile than Dow Jones Industrial based on recent return behavior. Across the current 90-day horizon, that places the security below 24% of the broader equity and portfolio universe on a pure volatility basis.You can use ProShares Ultra Technology to enhance the returns of the portfolio. This price-change note interprets the latest move in the context of short-horizon trading behavior. It highlights whether the move looks ordinary, stressed, or unusually speculative for the instrument. an unexpected upward trend. Watch out for market signals. Check odds of ProShares Ultra to be traded at $100.36 in 90 days.Weak diversification
For the present investment horizon, the measured correlation between ProShares Ultra and Dow Jones stands at 0.49, or Weak diversification. This chart helps evaluate whether adding Dow Jones genuinely reduces risk relative to holding ProShares Ultra alone.
ProShares Ultra Additional Risk Indicators
Risk analysis around ProShares Ultra Technology becomes more useful when investors review secondary indicators that can confirm, refine, or challenge the basic volatility picture. This is most useful when investors want to understand whether the current opportunity is being paid for with reasonable risk.
| Risk Adjusted Performance | -0.03 | |||
| Market Risk Adjusted Performance | -0.05 | |||
| Mean Deviation | 2.21 | |||
| Coefficient Of Variation | -2,383 | |||
| Standard Deviation | 2.77 | |||
| Variance | 7.66 | |||
| Information Ratio | -0.02 |
ProShares Ultra Suggested Diversification Pairs
A pair strategy built around ProShares Ultra Technology is useful when investors want to reduce directional market exposure while still expressing a relative-value idea. The key question is whether the second leg adds real hedge value instead of just creating a more complex version of the same risk.
Pair diversification lowers overall risk, though certain risk categories remain unaffected regardless of how positions are paired. Systematic risk - the risk tied to the overall market - cannot be eliminated by pairing ProShares Ultra with another position. However, ProShares Ultra's company-specific risk can be partially offset by selecting a pair that does not move in lockstep with ProShares Ultra Technology.
More Resources for ProShares Etf Analysis
Initial analysis of ProShares Ultra centers on its financial statements and observed trends. Supporting reports for ProShares Ultra Technology Etf are presented below:Your Equity Center provides context for diversified portfolio design. Diversification analysis considers the interaction of positions within a portfolio. ProShares Ultra Technology can be evaluated within a portfolio framework for weight and risk impact. Drawdown analysis shows how each position affects portfolio volatility. Broader economic conditions can influence ProShares Ultra Technology's etf valuation — related indicators include signals in metropolitan statistical area. ProShares Ultra currently shows P/E of 19.59. ProShares Ultra data on this page supports broader research - the resources below add portfolio-level context. ProShares Ultra analysis across multiple dimensions - risk, valuation, diversification - produces a more informed position-sizing decision. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Book value captures ProShares accounting equity, while market value captures the collective view of participants. The three perspectives together offer a richer context than any single measure alone.
ProShares Ultra intrinsic value attempts to capture underlying worth, separate from current trading levels. The quoted ProShares Ultra price is the exchange level where supply meets demand.