Technology Ultrasector Competition

TEPIX Fund

USD 43.62 0.19 0.44%

Technology Ultrasector competes with Short Real, Short Real, Ultrashort Mid-cap, Ultrashort Mid-cap, and Technology Ultrasector; as well as few others. The fund is listed under Trading--Leveraged Equity category and is part of ProFunds family. The entity is thematically classified as Tech Funds. Analyzing Technology Ultrasector competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Technology Ultrasector to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Technology Ultrasector Correlation with its peers.

Technology Ultrasector vs Bear Profund Correlation

Excellent diversification

The correlation between Technology Ultrasector Profund and BRPSX 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 Technology Ultrasector Profund and BRPSX in the same portfolio, assuming nothing else is changed.

Moving against Technology Mutual Fund

0.85	BRPIX	Bear Profund Bear	Pair Corr
0.7	BRPSX	Bear Profund Bear	Pair Corr
0.5	UJPSX	Ultrajapan Profund	Pair Corr
0.45	UIPIX	Ultrashort Mid Cap	Pair Corr
0.45	UIPSX	Ultrashort Mid Cap	Pair Corr

Specify up to 10 symbols:

Hype

Prediction

Low	Estimated	High
41.43	43.67	45.91

Details

Intrinsic

Valuation

Low	Real	High
41.65	43.89	46.13

Details

Technology Ultrasector Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Technology Ultrasector and its competitors represents the degree of relationship between the price movements of corresponding funds. A correlation of about +1.0 implies that the price of Technology and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Technology Ultrasector does not affect the price movement of the other competitor.

	SRPIX	SRPSX	UIPIX	UIPSX	TEPSX	LGPIX	LGPSX	BRPIX	BRPSX
SRPIX		0.98	0.56	0.57	0.04	0.07	0.05	0.19	0.22	SRPIX
SRPSX	0.98		0.67	0.68	-0.02	0.0	-0.02	0.26	0.3	SRPSX
UIPIX	0.56	0.67		1.0	-0.51	-0.51	-0.54	0.72	0.68	UIPIX
UIPSX	0.57	0.68	1.0		-0.51	-0.51	-0.54	0.72	0.68	UIPSX
TEPSX	0.04	-0.02	-0.51	-0.51		0.96	0.96	-0.86	-0.72	TEPSX
LGPIX	0.07	0.0	-0.51	-0.51	0.96		1.0	-0.91	-0.72	LGPIX
LGPSX	0.05	-0.02	-0.54	-0.54	0.96	1.0		-0.91	-0.73	LGPSX
BRPIX	0.19	0.26	0.72	0.72	-0.86	-0.91	-0.91		0.82	BRPIX
BRPSX	0.22	0.3	0.68	0.68	-0.72	-0.72	-0.73	0.82		BRPSX
	SRPIX	SRPSX	UIPIX	UIPSX	TEPSX	LGPIX	LGPSX	BRPIX	BRPSX

High positive correlations

UIPSX	+ 1.0	UIPIX
LGPSX	+ 1.0	LGPIX
SRPSX	+ 0.98	SRPIX
LGPIX	+ 0.96	TEPSX
LGPSX	+ 0.96	TEPSX
BRPSX	+ 0.82	BRPIX

High negative correlations

BRPIX	- 0.91	LGPSX
BRPIX	- 0.91	LGPIX
BRPIX	- 0.86	TEPSX
BRPSX	- 0.73	LGPSX
BRPSX	- 0.72	LGPIX
BRPSX	- 0.72	TEPSX

Risk-Adjusted Indicators

There is a big difference between Technology Mutual Fund performing well and Technology Ultrasector Mutual Fund 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 Technology Ultrasector'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
SRPIX	0.61	(0.06)	0.00	0.20	0.00	0.00	1.30	(1.46)	3.94
SRPSX	0.60	(0.08)	0.00	0.25	0.00	0.00	1.20	(1.40)	3.68
UIPIX	1.43	(0.14)	0.00	0.13	0.00	0.00	2.83	(3.65)	9.83
UIPSX	1.43	(0.13)	0.00	0.13	0.00	0.00	2.94	(3.64)	9.89
TEPSX	1.68	(0.16)	0.00	(0.04)	0.00	0.00	2.38	(4.01)	12.33
LGPIX	0.78	(0.10)	0.00	(0.07)	0.00	0.00	1.22	(1.80)	5.36
LGPSX	0.78	(0.10)	0.00	(0.06)	0.00	0.00	1.23	(1.82)	5.88
BRPIX	0.55	0.05	(0.08)	(0.01)	0.61	(0.71)	1.55	(1.05)	4.17
BRPSX	0.57	(0.02)	0.00	(2.61)	0.00	0.00	1.49	(1.22)	4.05

Technology Ultrasector Competitive Analysis

The better you understand Technology Ultrasector competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Technology Ultrasector's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Technology Ultrasector's competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

View Performance Chart

	TEPIX	SRPIX	SRPSX	UIPIX	UIPSX	TEPSX	LGPIX	LGPSX	BRPIX	BRPSX
	0.44 43.62 Technology	1.48 7.32 Short	1.42 6.25 Short	1.80 21.22 Ultrashort	1.75 19.13 Ultrashort	0.47 32.26 Technology	0.42 51.96 Large	0.43 39.52 Profunds	1.55 9.17 Bear	1.49 8.19 Bear
Market Volatility (90 Days Market Risk)	Very steady	Not too volatile	Not too volatile	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	Weakest	Weakest	Weakest	Weakest	Weakest	Weak	Weak	Weak	Weakest	Weakest
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Fairly Valued	Over Valued	Over Valued	Over Valued	Over Valued	Fairly Valued	Fairly Valued	Over Valued	Fairly Valued	Over Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Hold	Strong Sell	Strong Sell	Strong Sell	Strong Sell	Cautious Hold	Strong Hold	Strong Hold	Strong Sell	Sell
Net Asset	93.98 M	570 K	2.55 M	410 K	1.42 M	73.33 M	19.39 M	37.85 M	6.51 M	14.61 M
Minimum Initial Investment	N/A	15 K	N/A	15 K	N/A	15 K	15 K	N/A	15 K	N/A
Price To Book	3.83	N/A	N/A	N/A	N/A	3.83	4.44	4.44	N/A	N/A
Five Year Return	15.9	-3.47	-4.99	-18.28	-18.35	14.98	11.78	10.55	-10.21	-11.14
One Year Return	25.03	-0.16	-3.6	-22.96	-20.66	27.74	14.17	13.29	-10.92	-12.61
Last Dividend Paid	N/A	0.92	0.68	0.08	0.09	N/A	N/A	N/A	0.01	0.08
Price To Earning	2.02	N/A	N/A	N/A	N/A	1.56	22.07	22.07	N/A	N/A
Price To Sales	2.89	N/A	N/A	N/A	N/A	2.89	2.62	2.62	N/A	N/A
Cash Position Weight	19.11	100.0	105.13	84.66	126.55	23.65	N/A	0.02	85.84	98.98
Equity Positions Weight	76.66	N/A	N/A	N/A	-20.35	76.35	100.0	99.98	N/A	N/A
Three Year Return	36.4	-0.55	-2.48	-18.18	-17.33	34.93	23.8	22.51	-12.6	-13.55
Annual Yield	N/A	0.0241	0.0081	8.23	4.79	N/A	N/A	N/A	0.67	0.31
Year To Date Return	5.11	0.25	3.78	4.39	4.04	3.88	1.8	1.24	0.74	0.31
Ten Year Return	23.02	-12.89	-13.71	-27.8	-28.51	21.78	13.35	12.22	-14.66	-15.52
Daily Balance Of Power	9.2 T	0	0	0	0	9.2 T	0	0	9.2 T	9.2 T
Day Typical Price	43.62	7.32	6.25	21.22	19.13	32.26	51.96	39.52	9.17	8.19
Period Momentum Indicator	0.19	(0.11)	(0.09)	(0.39)	(0.34)	0.15	(0.22)	(0.17)	0.14	0.12
Rate Of Daily Change	1.0	0.99	0.99	0.98	0.98	1.0	1.0	1.0	1.02	1.01
Day Median Price	43.62	7.32	6.25	21.22	19.13	32.26	51.96	39.52	9.17	8.19
Price Action Indicator	0.095	(0.06)	(0.04)	(0.20)	(0.17)	0.075	(0.11)	(0.09)	0.07	0.06
Coefficient Of Variation	(3,092)	(1,029)	(798.74)	(769.83)	(801.62)	(4,130)	(2,472)	(2,774)	5219.4	(7,533)
Mean Deviation	1.66	0.6139	0.5969	1.43	1.43	1.68	0.7764	0.7844	0.5518	0.5654
Jensen Alpha	(0.17)	(0.06)	(0.08)	(0.14)	(0.13)	(0.16)	(0.1)	(0.1)	0.0509	(0.02)
Total Risk Alpha	(0.25)	(0.15)	(0.17)	(0.40)	(0.39)	(0.24)	(0.13)	(0.13)	(0.05)	(0.08)
Sortino Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	(0.08)	N/A
Downside Variance	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0.4918	N/A
Standard Deviation	2.23	0.816	0.7808	1.93	1.93	2.3	1.04	1.07	0.7505	0.7583
Kurtosis	1.11	0.0527	(0.09)	0.7246	0.7414	2.01	0.8743	1.37	0.9243	0.6374
Potential Upside	2.39	1.3	1.2	2.83	2.94	2.38	1.22	1.23	1.55	1.49
Treynor Ratio	(0.05)	0.1952	0.2455	0.1314	0.1266	(0.04)	(0.07)	(0.06)	(0.01)	(2.61)
Maximum Drawdown	11.0	3.94	3.68	9.83	9.89	12.33	5.36	5.88	4.17	4.05
Variance	4.99	0.6658	0.6097	3.72	3.73	5.31	1.09	1.14	0.5633	0.5751
Market Risk Adjusted Performance	(0.04)	0.2052	0.2555	0.1414	0.1366	(0.03)	(0.06)	(0.05)	0.0044	(2.60)
Risk Adjusted Performance	(0.02)	(0.08)	(0.10)	(0.1)	(0.09)	(0.01)	(0.03)	(0.03)	0.0147	(0.01)
Skewness	0.1526	0.1459	0.1697	(0.41)	(0.41)	0.4082	0.0657	0.228	0.3929	0.3498
Semi Deviation	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0.6133	N/A
Information Ratio	(0.06)	(0.18)	(0.21)	(0.17)	(0.16)	(0.05)	(0.11)	(0.10)	(0.07)	(0.11)
Value At Risk	(3.98)	(1.46)	(1.40)	(3.65)	(3.64)	(4.01)	(1.80)	(1.82)	(1.05)	(1.22)
Expected Short fall	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	(0.71)	N/A
Downside Deviation	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0.7013	N/A
Semi Variance	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0.3762	N/A

Technology Ultrasector Competition Performance Charts

Five steps to successful analysis of Technology Ultrasector Competition

Technology Ultrasector's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Technology Ultrasector in relation to its competition. Technology Ultrasector's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Technology Ultrasector in the market, both direct and indirect, as well as new entrants and disruptive technologies.
Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Technology Ultrasector's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Technology Ultrasector, and developing a strategy to address them.
Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.

Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Technology Ultrasector position

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Other Information on Investing in Technology Mutual Fund

Technology Ultrasector financial ratios help investors to determine whether Technology Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Technology with respect to the benefits of owning Technology Ultrasector security.

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