ProShares Ultra Euro (ULE)
ProShares Ultra Euro Beta: 0.9215
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ULE Beta Range, Past 5 Years
| Minimum | 0.9215 | Apr 2012 |
| Maximum | 0.96 | Jan 2012 |
| Average | 0.9492 |
About Beta 60 Month
YCharts calculates the 60 month market beta by regressing stock returns less the risk free rate of returns on the market returns less the risk free rate of return (Market returns come from the S&P 500 Total Returns Index (SPXTR), and the risk free rate is the 4 Week Average T-Bill (Monthly). There must be a minimum of 36 months of stock returns for a company to have its beta calculated.
Beta is a measure of the risk of a stock when it is included in a well-diversified portfolio.
In financial theory, the Capital Asset Pricing Model breaks down expected stock returns into two components. The first is the return that would be expected based on covariance with the movements of the market (for most stocks, when the market as a whole goes up, the price of the stock will also go up). The second part is the increase in the price of a stock that is not explained by the market. The first part - covariance with the market - is what Beta captures.
When Beta is positive, the stock price tends to move in the same direction as the market, and the magnitude of Beta tells by how much. If a stock's Beta is greater than 1, that means that when the market index goes up 1%, we expect the stock will go up by more than 1%. On the contrary, if the market goes down by 1%, we expect the stock to go down by more than 1%. Negative Betas, while rare, signify a negative correlation. When the market goes up, we would expect the stock price to go down.
For readers with a background in regression analysis, Beta is the slope of the linear regression shown in the formula below, where Returns are the return on an individual stock or portfolio, Rf is the risk free rate, RMarket is the return on a market portfolio, and e is an error term.
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ULE News
May 15, 10:00AM The Wall Street Journal
about 70 days ago by macrowonders
about 151 days ago by OptionsCommander
about 167 days ago by KeySpeculator
about 167 days ago by KeySpeculator
about 176 days ago by centralbanknews
about 201 days ago by gatorbay
about 201 days ago by gatorbay
about 209 days ago by gatorbay
about 223 days ago by gatorbay
about 229 days ago by foresight_capital
about 260 days ago by StockTiger
about 266 days ago by StockTiger
about 278 days ago by 1nvestor
about 310 days ago by tradenvestor
about 327 days ago by brosin
about 598 days ago by JAetf
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| ULE | 21.83 | +0.18 | +0.83% | |
| ULBI | 4.11 | -0.12 | -2.84% | 73.43M |
| UL | 31.06 | -0.52 | -1.65% | 94.11B |
| UKF | 53.75 | -3.33 | -5.83% | |
| UIS | 14.88 | -0.83 | -5.28% | 686.68M |
| UIL | 33.54 | -0.27 | -0.80% | 1.709B |
| UHT | 38.26 | -0.39 | -1.01% | 489.70M |
| UHS | 37.30 | -1.45 | -3.74% | 3.748B |
| UFI | 10.68 | -0.35 | -3.17% | 221.59M |
| UFCS | 21.00 | -0.25 | -1.18% | 542.09M |
