ProShares Short Correlations
| REK Etf | USD 17.21 0.01 0.06% |
The current 90-days correlation between ProShares Short Real and ProShares UltraShort Financials is 0.59 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ProShares Short moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ProShares Short Real moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
ProShares Short Correlation With Market
Very good diversification
The correlation between ProShares Short Real and DJI is -0.45 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ProShares Short Real and DJI in the same portfolio, assuming nothing else is changed.
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Moving together with ProShares Etf
Moving against ProShares Etf
| 0.47 | TAIL | Cambria Tail Risk | PairCorr |
| 0.36 | DOG | ProShares Short Dow30 | PairCorr |
| 0.8 | HD | Home Depot | PairCorr |
| 0.77 | PG | Procter Gamble | PairCorr |
| 0.7 | HPQ | HP Inc | PairCorr |
| 0.66 | T | ATT Inc | PairCorr |
| 0.43 | CVX | Chevron Corp | PairCorr |
| 0.36 | BA | Boeing | PairCorr |
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
| High negative correlations
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ProShares Short Constituents Risk-Adjusted Indicators
There is a big difference between ProShares Etf performing well and ProShares Short 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 Short'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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SKF | 1.28 | 0.06 | 0.00 | 0.02 | 0.00 | 3.51 | 9.31 | |||
| UPV | 1.17 | 0.09 | 0.09 | 0.12 | 1.21 | 2.39 | 5.08 | |||
| EUM | 0.75 | (0.04) | 0.00 | 0.10 | 0.00 | 1.41 | 6.72 | |||
| SEF | 0.63 | 0.03 | 0.00 | 0.02 | 0.00 | 1.77 | 4.53 | |||
| EFZ | 0.53 | (0.03) | 0.00 | 0.30 | 0.00 | 1.29 | 3.31 | |||
| MSFD | 0.94 | 0.17 | 0.08 | (0.25) | 0.82 | 2.56 | 5.00 | |||
| UGE | 1.07 | (0.05) | 0.00 | (0.09) | 0.00 | 2.69 | 7.87 | |||
| HAUS | 0.57 | 0.00 | (0.05) | 0.05 | 0.75 | 1.41 | 3.22 | |||
| SHRT | 0.54 | 0.04 | (0.07) | (0.02) | 0.59 | 0.96 | 3.77 | |||
| EQRR | 0.66 | 0.00 | (0.01) | 0.05 | 0.92 | 1.29 | 3.75 |