ProShares Ultra Correlations

Etfs USA . 
Etf . ProShares Ultra Yen
YCL Etf  USD 22.07  0.14  0.63%   
The current 90-days correlation between ProShares Ultra Yen and ProShares Ultra Euro is 0.21 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ProShares Ultra moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ProShares Ultra Yen moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

ProShares Ultra Correlation With Market

Good diversification

The correlation between ProShares Ultra Yen and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ProShares Ultra Yen and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in ProShares Ultra Yen. 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.

Moving together with ProShares Etf

  0.7VIXM ProShares VIX MidPairCorr
  0.89UDN Invesco DB DollarPairCorr
  0.71VXZ iPath Series BPairCorr
  0.92BABX GraniteShares 175x LongPairCorr
  0.78GDXU MicroSectors Gold MinersPairCorr
  0.9XPP ProShares Ultra FTSEPairCorr
  0.78JNUG Direxion Daily JuniorPairCorr
  0.71PG Procter GamblePairCorr
  0.9KO Coca ColaPairCorr
  0.75IBM International BusinessPairCorr
  0.93VZ Verizon CommunicationsPairCorr
  0.9T ATT Inc Earnings Call TomorrowPairCorr

Moving against ProShares Etf

  0.99YCS ProShares UltraShort YenPairCorr
  0.82UUP Invesco DB DollarPairCorr
  0.75EUO ProShares UltraShort EuroPairCorr
  0.71AA Alcoa CorpPairCorr
  0.67CAT CaterpillarPairCorr
  0.63AXP American ExpressPairCorr
  0.55HPQ HP IncPairCorr
  0.52MRK Merck CompanyPairCorr
  0.5HD Home DepotPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
UCC
+ 0.7
YCS
UGE
+ 0.46
LTL
UCC
+ 0.46
LTL
UGE
+ 0.36
ULE
  
High negative correlations   
UCC
- 0.79
ULE
YCS
- 0.71
ULE
UGE
- 0.7
YCS
LTL
- 0.32
ULE
UCC
- 0.25
UGE
LTL
- 0.13
YCS

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY