ProShares Ultra Correlations

ProShares Ultra Correlation With Market

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ProShares Ultra Russell2000. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in housing.

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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    SPXL + 1.0 SSO FNGU + 0.95 SSO FNGU + 0.95 SPXL UYG + 0.92 SSO UYG + 0.92 SPXL UYG + 0.87 FNGU

High negative correlations    GUSH - 0.38 LABU UYG - 0.33 LABU FNGU - 0.3 LABU LABU - 0.25 SSO LABU - 0.24 SPXL

ProShares Ultra Constituents Risk-Adjusted Indicators

There is a big difference between ProShares Etf performing well and ProShares Ultra ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze ProShares Ultra's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.