ProShares Ultra Correlations

URE Etf

USD 61.17 0.14 0.23%

The current 90-days correlation between ProShares Ultra Real and Praxis Funds is 0.13 (i.e., Average diversification). The correlation of ProShares Ultra 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.

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Moving together with ProShares Etf

0.62

ELON

Battleshares TSLA

Pair Corr

Moving against ProShares Etf

0.42	JPM	JPMorgan Chase	Pair Corr
0.34	AXP	American Express Earnings Call This Week	Pair Corr

Related Correlations Analysis

	DRN	CSRE	BIB	PSR	SPXN	BSTP	RPHS	SNTH	SEMG	PRXG
DRN		0.63	-0.38	0.9	-0.02	0.02	0.03	0.14	-0.07	0.11	DRN
CSRE	0.63		0.19	0.75	0.27	0.24	0.07	0.13	-0.23	-0.1	CSRE
BIB	-0.38	0.19		-0.05	0.46	0.57	0.16	0.01	0.08	-0.17	BIB
PSR	0.9	0.75	-0.05		0.14	0.25	0.07	0.14	-0.11	-0.01	PSR
SPXN	-0.02	0.27	0.46	0.14		0.81	0.55	0.67	0.4	0.48	SPXN
BSTP	0.02	0.24	0.57	0.25	0.81		0.56	0.62	0.56	0.46	BSTP
RPHS	0.03	0.07	0.16	0.07	0.55	0.56		0.63	0.48	0.5	RPHS
SNTH	0.14	0.13	0.01	0.14	0.67	0.62	0.63		0.64	0.84	SNTH
SEMG	-0.07	-0.23	0.08	-0.11	0.4	0.56	0.48	0.64		0.74	SEMG
PRXG	0.11	-0.1	-0.17	-0.01	0.48	0.46	0.5	0.84	0.74		PRXG
	DRN	CSRE	BIB	PSR	SPXN	BSTP	RPHS	SNTH	SEMG	PRXG

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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

PSR	+ 0.9	DRN
PRXG	+ 0.84	SNTH
BSTP	+ 0.81	SPXN
PSR	+ 0.75	CSRE
PRXG	+ 0.74	SEMG
SNTH	+ 0.67	SPXN

High negative correlations

BIB	- 0.38	DRN
SEMG	- 0.23	CSRE
PRXG	- 0.17	BIB
SEMG	- 0.11	PSR
PRXG	- 0.1	CSRE
SEMG	- 0.07	DRN

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DRN	1.70	(0.23)	0.00	(0.09)	0.00	0.00	3.24	(4.24)	9.62
CSRE	0.56	0.00	(0.07)	(0.02)	0.97	(0.46)	0.89	(1.61)	3.86
BIB	1.94	0.37	0.15	2.67	1.75	(2.18)	4.70	(2.85)	10.55
PSR	0.55	(0.05)	0.00	(0.07)	0.00	0.00	0.97	(1.32)	3.43
SPXN	0.59	0.04	(0.02)	0.46	0.84	(0.57)	1.25	(1.47)	3.93
BSTP	0.35	0.00	(0.05)	0.08	0.46	(0.35)	0.73	(0.87)	2.52
RPHS	0.80	(0.03)	(0.01)	0.05	2.09	(0.82)	1.32	(0.98)	22.42
SNTH	0.68	(0.02)	(0.03)	0.05	0.87	(0.67)	1.24	(1.61)	4.09
SEMG	0.62	(0.06)	0.00	(0.02)	0.00	0.00	1.25	(1.44)	4.02
PRXG	0.73	(0.10)	0.00	(0.05)	0.00	0.00	1.31	(1.81)	5.08

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