ProShares Short Correlations

SJB Etf

USD 15.27 0.01 0.07%

The current 90-days correlation between ProShares Short High and ProShares UltraPro Short is 0.7 (i.e., Poor diversification). The correlation of ProShares Short is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

ProShares Short Correlation With Market

Excellent diversification

The correlation between ProShares Short High and DJI is -0.7 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ProShares Short High and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with ProShares Etf

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

Moving against ProShares Etf

0.79	VO	Vanguard Mid Cap	Pair Corr
0.5	TOT	Advisor Managed Port	Pair Corr
0.48	VTI	Vanguard Total Stock	Pair Corr
0.42	SPY	SPDR SP 500	Pair Corr
0.42	IVV	iShares Core SP	Pair Corr
0.41	VUG	Vanguard Growth Index	Pair Corr
0.38	VTV	Vanguard Value Index	Pair Corr
0.37	TAPR	Innovator Equity Defined	Pair Corr
0.34	INTC	Intel Aggressive Push	Pair Corr
0.44	DIS	Walt Disney	Pair Corr
0.38	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	SRTY	PDBA	IQDY	MAVF	EOCT	SOLZ	BETZ	FSZ	FEUS	SBIT
SRTY		-0.24	-0.6	-0.86	-0.49	0.21	-0.4	-0.63	-0.82	-0.14	SRTY
PDBA	-0.24		-0.15	0.0	0.27	0.48	0.66	0.07	0.08	-0.56	PDBA
IQDY	-0.6	-0.15		0.87	0.7	-0.77	-0.26	0.76	0.83	0.65	IQDY
MAVF	-0.86	0.0	0.87		0.6	-0.58	0.07	0.75	0.93	0.51	MAVF
EOCT	-0.49	0.27	0.7	0.6		-0.23	0.04	0.6	0.74	0.06	EOCT
SOLZ	0.21	0.48	-0.77	-0.58	-0.23		0.65	-0.43	-0.42	-0.96	SOLZ
BETZ	-0.4	0.66	-0.26	0.07	0.04	0.65		0.23	0.08	-0.61	BETZ
FSZ	-0.63	0.07	0.76	0.75	0.6	-0.43	0.23		0.7	0.37	FSZ
FEUS	-0.82	0.08	0.83	0.93	0.74	-0.42	0.08	0.7		0.32	FEUS
SBIT	-0.14	-0.56	0.65	0.51	0.06	-0.96	-0.61	0.37	0.32		SBIT
	SRTY	PDBA	IQDY	MAVF	EOCT	SOLZ	BETZ	FSZ	FEUS	SBIT

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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

FEUS	+ 0.93	MAVF
MAVF	+ 0.87	IQDY
FEUS	+ 0.83	IQDY
FSZ	+ 0.76	IQDY
FSZ	+ 0.75	MAVF
FEUS	+ 0.74	EOCT

High negative correlations

SBIT	- 0.96	SOLZ
MAVF	- 0.86	SRTY
FEUS	- 0.82	SRTY
SOLZ	- 0.77	IQDY
FSZ	- 0.63	SRTY
SBIT	- 0.61	BETZ

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
SRTY	2.98	0.12	0.00	0.03	0.00	0.00	6.04	(5.76)	17.40
PDBA	0.53	(0.04)	0.00	(0.13)	0.00	0.00	1.08	(1.04)	3.85
IQDY	0.56	0.09	0.09	0.17	0.71	(0.57)	1.26	(1.11)	3.44
MAVF	0.68	0.01	0.01	0.06	0.88	(0.68)	1.47	(1.63)	3.54
EOCT	0.35	0.01	(0.04)	0.09	0.37	(0.40)	0.78	(0.64)	2.00
SOLZ	4.05	(0.75)	0.00	(0.28)	0.00	0.00	8.57	(7.43)	19.11
BETZ	0.85	(0.19)	0.00	(0.14)	0.00	0.00	1.83	(1.86)	5.50
FSZ	0.51	0.04	0.02	0.12	0.56	(0.53)	1.18	(1.12)	3.41
FEUS	0.57	(0.02)	(0.03)	0.03	0.79	(0.55)	1.34	(1.19)	3.17
SBIT	4.63	0.87	0.11	(0.22)	5.48	(4.83)	7.50	(8.03)	24.68

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