ProShares Ultra Coefficient Of Variation
| UYM ETF | | | USD 31.94 1.08 3.50% |
Coefficient of Variation (CV) is a normalized measure of dispersion that relates volatility to expected return, making it a useful indicator of risk per unit of return. It is also referred to as relative standard deviation when expressed as a percentage. Below is ProShares Ultra's current Coefficient Of Variation with peer comparisons and related risk metrics.
Current Coefficient Of Variation Value
With Coefficient Of Variation at 1866.61, ProShares Ultra shows high dispersion relative to expected return — volatility substantially exceeds the return signal. The magnitude of this value is unusually large in absolute terms, suggesting an unstable or weak relationship between risk and return, often driven by low or near-zero expected returns.
Coefficient Of Variation | = | STDER |
| = | 1866.61 | |
Coefficient Of Variation Peers Comparison
ProShares Ultra's Coefficient Of Variation of 1866.61 falls above the 770.75 peer average. Values range from -2955.4497 (Direxion Daily Retail) to 3262.19 (ProShares Ultra Industrials), with wide dispersion across the group. Relative to peers, ProShares Ultra's risk-return efficiency is above the group average.
Coefficient Of Variation Relative To Other Indicators
The chart below plots Coefficient Of Variation against Maximum Drawdown for ProShares Ultra and its peers. Each point represents one equity — position along the horizontal axis shows Coefficient Of Variation while the vertical axis shows Maximum Drawdown. Equities that cluster in different quadrants carry distinct risk-return profiles. Use the dropdowns to swap in other indicators for either axis.
ProShares Ultra shows nearly
0.01 of Maximum Drawdown per unit of Coefficient Of Variation (
1,867 versus
9.88 ). This indicates Maximum Drawdown falls substantially below Coefficient Of Variation for ProShares Ultra. The spread between Coefficient Of Variation and Maximum Drawdown for ProShares Ultra Basic sits at
188.85 Methodology, Assumptions & Data Sources
ProShares Ultra has a current Coefficient Of Variation reading of 1866.61. Coefficient Of Variation for ProShares Ultra is derived by applying a defined formula to historical price observations, producing a time-series of comparable readings. Data sources include daily closing prices from supported exchanges, with standard corporate action adjustments applied. Results are based on historical returns and do not predict future performance. This indicator is provided for informational purposes.
Other Technical Indicators