ProShares Short Correlations

REK Etf

USD 16.82 0.04 0.24%

The current 90-days correlation between ProShares Short Real and ProShares Equities for is -0.5 (i.e., Very good 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

Good diversification

The correlation between ProShares Short Real and DJI is -0.03 (i.e., 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.

Build AI portfolio with ProShares Etf

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in ProShares Short Real. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving against ProShares Etf

0.6	ELON	Battleshares TSLA	Pair Corr
0.39	CVX	Chevron Corp	Pair Corr
0.33	FMF	First Trust Managed	Pair Corr
0.54	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	SKF	UPV	EUM	SEF	EFZ	MSFD	UGE	HAUS	SHRT	EQRR
SKF		-0.62	0.2	1.0	0.43	-0.34	-0.24	-0.48	-0.31	-0.71	SKF
UPV	-0.62		-0.82	-0.57	-0.87	0.61	0.8	0.63	-0.3	0.93	UPV
EUM	0.2	-0.82		0.16	0.82	-0.41	-0.7	-0.38	0.64	-0.7	EUM
SEF	1.0	-0.57	0.16		0.38	-0.28	-0.18	-0.43	-0.34	-0.67	SEF
EFZ	0.43	-0.87	0.82	0.38		-0.56	-0.72	-0.5	0.33	-0.78	EFZ
MSFD	-0.34	0.61	-0.41	-0.28	-0.56		0.66	0.79	-0.07	0.65	MSFD
UGE	-0.24	0.8	-0.7	-0.18	-0.72	0.66		0.68	-0.49	0.71	UGE
HAUS	-0.48	0.63	-0.38	-0.43	-0.5	0.79	0.68		-0.01	0.61	HAUS
SHRT	-0.31	-0.3	0.64	-0.34	0.33	-0.07	-0.49	-0.01		-0.22	SHRT
EQRR	-0.71	0.93	-0.7	-0.67	-0.78	0.65	0.71	0.61	-0.22		EQRR
	SKF	UPV	EUM	SEF	EFZ	MSFD	UGE	HAUS	SHRT	EQRR

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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

SEF	+ 1.0	SKF
EQRR	+ 0.93	UPV
EFZ	+ 0.82	EUM
UGE	+ 0.8	UPV
HAUS	+ 0.79	MSFD
EQRR	+ 0.71	UGE

High negative correlations

EFZ	- 0.87	UPV
EUM	- 0.82	UPV
EQRR	- 0.78	EFZ
UGE	- 0.72	EFZ
EQRR	- 0.71	SKF
EQRR	- 0.7	EUM

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	1.35	0.09	0.00	0.01	0.00	0.00	3.51	(2.48)	8.09
UPV	1.23	0.18	0.15	0.17	1.22	(1.42)	2.53	(2.50)	6.15
EUM	0.69	(0.16)	0.00	0.63	0.00	0.00	1.29	(1.77)	4.55
SEF	0.66	0.04	(0.07)	0.01	0.77	(0.76)	1.77	(1.24)	4.12
EFZ	0.63	(0.11)	0.00	(1.58)	0.00	0.00	1.39	(1.62)	3.71
MSFD	1.26	0.30	0.19	(1.09)	0.97	(1.52)	2.75	(1.87)	6.44
UGE	1.17	0.09	0.04	0.30	1.25	(1.36)	2.53	(2.05)	6.54
HAUS	0.71	0.00	(0.03)	0.06	0.89	(0.74)	1.48	(1.70)	3.86
SHRT	0.49	(0.02)	0.00	0.11	0.00	0.00	0.96	(1.09)	3.08
EQRR	0.64	0.06	0.06	0.13	0.82	(0.66)	1.33	(1.40)	3.61

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