Ultra Nasdaq-100 Competition

UOPIX Fund

USD 128.31 0.83 0.65%

Ultra Nasdaq 100 competes with Simt Sp, Blackrock Small/mid, Schwab Markettrack, Simt Sp, and Queens Road; as well as few others. The fund is listed under Trading--Leveraged Equity category and is part of ProFunds family. Analyzing Ultra Nasdaq-100 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 Ultra Nasdaq-100 to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Ultra Nasdaq-100 Correlation with its peers.

Ultra Nasdaq-100 vs Needham Aggressive Correlation

Poor diversification

The correlation between Ultra Nasdaq 100 Profunds and NEAGX is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ultra Nasdaq 100 Profunds and NEAGX in the same portfolio, assuming nothing else is changed.

Moving together with Ultra Mutual Fund

0.7	TEPIX	Technology Ultrasector	Pair Corr
0.78	TEPSX	Technology Ultrasector	Pair Corr
0.8	LGPSX	Profunds Large Cap	Pair Corr

Moving against Ultra Mutual Fund

0.8	UIPIX	Ultrashort Mid Cap	Pair Corr
0.73	SHPSX	Short Small Cap	Pair Corr
0.53	GVPIX	Us Government Plus	Pair Corr
0.53	USPIX	Profunds Ultrashort	Pair Corr

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Hype

Prediction

Low	Estimated	High
123.98	127.52	131.06

Details

Intrinsic

Valuation

Low	Real	High
120.42	123.96	127.50

Details

Naive

Forecast

Low	Next	High
119.48	123.02	126.55

Details

Bollinger

Band Projection (param)

Lower	Middle Band	Upper
98.90	119.68	140.46

Details

Ultra Nasdaq-100 Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Ultra Nasdaq-100 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 Ultra 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 Ultra Nasdaq 100 does not affect the price movement of the other competitor.

	SPIIX	BSMAX	SWEGX	SSPIX	QRSVX	PALRX	PABCX	ICSCX	WBENX	NEAGX
SPIIX		0.82	0.84	1.0	0.73	0.89	0.85	0.87	0.66	0.77	SPIIX
BSMAX	0.82		0.86	0.82	0.96	0.94	0.87	0.95	0.73	0.95	BSMAX
SWEGX	0.84	0.86		0.84	0.74	0.87	0.9	0.85	0.87	0.87	SWEGX
SSPIX	1.0	0.82	0.84		0.73	0.89	0.85	0.87	0.66	0.77	SSPIX
QRSVX	0.73	0.96	0.74	0.73		0.87	0.77	0.91	0.59	0.89	QRSVX
PALRX	0.89	0.94	0.87	0.89	0.87		0.93	0.91	0.75	0.88	PALRX
PABCX	0.85	0.87	0.9	0.85	0.77	0.93		0.85	0.77	0.85	PABCX
ICSCX	0.87	0.95	0.85	0.87	0.91	0.91	0.85		0.61	0.87	ICSCX
WBENX	0.66	0.73	0.87	0.66	0.59	0.75	0.77	0.61		0.83	WBENX
NEAGX	0.77	0.95	0.87	0.77	0.89	0.88	0.85	0.87	0.83		NEAGX
	SPIIX	BSMAX	SWEGX	SSPIX	QRSVX	PALRX	PABCX	ICSCX	WBENX	NEAGX

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Risk-Adjusted Indicators

There is a big difference between Ultra Mutual Fund performing well and Ultra Nasdaq-100 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 Ultra Nasdaq-100'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
SPIIX	0.64	0.11	0.10	0.26	0.58	(0.73)	1.21	(1.17)	9.24
BSMAX	0.83	0.04	0.05	0.13	0.83	(0.89)	1.58	(1.51)	3.85
SWEGX	0.59	0.16	0.09	1.83	0.48	(0.64)	1.20	(1.18)	5.33
SSPIX	0.64	0.12	0.10	0.27	0.58	(0.73)	1.22	(1.18)	9.32
QRSVX	0.69	0.00	(0.01)	0.09	0.68	(0.76)	1.82	(1.14)	4.49
PALRX	0.37	0.00	(0.08)	0.10	0.40	(0.41)	0.78	(0.87)	2.19
PABCX	0.37	0.04	(0.09)	0.36	0.42	(0.41)	0.78	(0.87)	2.18
ICSCX	0.71	0.13	0.15	0.22	0.47	(0.84)	2.14	(1.02)	3.98
WBENX	0.75	0.08	0.04	0.21	0.92	(0.76)	1.69	(1.75)	4.46
NEAGX	1.11	0.13	0.11	0.18	1.22	(1.19)	2.25	(2.75)	5.73

Ultra Nasdaq-100 Competitive Analysis

The better you understand Ultra Nasdaq-100 competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Ultra Nasdaq-100'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 Ultra Nasdaq-100'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

	UOPIX	SPIIX	BSMAX	SWEGX	SSPIX	QRSVX	PALRX	PABCX	ICSCX	WBENX
	0.65 128.31 Ultra	0.55 103.75 Simt	1.27 19.50 Blackrock	0.56 27.06 Schwab	0.05 102.70 Simt	1.21 44.22 Queens	0.05 18.54 Prudential	0.38 18.70 Prudential	1.65 31.67 Icm	0.48 16.71 William
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	Mild	Fair	Fair	Good	Fair	Mild	Mild	Soft	Solid	Fair
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Over Valued	Under Valued	Fairly Valued	Under Valued	Under Valued	Fairly Valued	Fairly Valued	Fairly Valued	Under Valued	Under 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)	Sell	Strong Hold	Hold	Strong Hold	Strong Hold	Hold	Cautious Hold	Sell	Strong Buy	Strong Hold
Net Asset	1.21 B	911.69 M	1.11 B	1.09 B	1.08 B	494.64 M	647.85 M	1.06 B	919.61 M	1.02 B
Minimum Initial Investment	15 K	N/A	N/A	N/A	100 K	N/A	N/A	N/A	N/A	N/A
Price To Book	4.48	2.68	1.91	1.78	2.68	1.63	2.17	2.08	1.49	2.6
Five Year Return	19.8	12.94	7.23	11.25	14.37	10.07	7.22	7.11	6.19	0.96
One Year Return	31.78	14.04	16.48	21.05	18.07	16.53	14.23	15.54	7.44	34.87
Last Dividend Paid	N/A	0.17	0.03	N/A	0.26	0.09	0.04	0.03	0.06	N/A
Price To Earning	1.44	19.06	19.3	17.15	19.06	15.97	16.39	15.36	18.43	18.3
Price To Sales	2.83	1.87	1.15	1.08	1.87	0.63	1.25	1.18	0.98	1.96
Cash Position Weight	24.28	0.43	0.84	0.88	0.8	10.53	6.15	4.25	0.35	2.06
Equity Positions Weight	75.72	99.57	99.16	99.09	99.2	89.43	59.19	56.53	99.65	97.93
Three Year Return	53.95	20.52	13.46	17.84	21.58	12.62	13.73	13.28	5.49	15.36
Annual Yield	0.0036	0.0056	0.0107	0.0173	0.0093	0.0095	0.0152	0.0119	0.0079	0.0014
Year To Date Return	1.94	1.75	7.12	3.2	1.42	4.77	1.48	1.41	6.31	6.66
Bond Positions Weight	N/A	N/A	N/A	N/A	N/A	N/A	32.88	5.73	N/A	N/A
Ten Year Return	32.59	12.47	N/A	9.04	12.76	6.75	7.9	7.44	7.96	4.89
Daily Balance Of Power	9.2 T	9.2 T	0	9.2 T	9.2 T	0	0	9.2 T	0	9.2 T
Day Typical Price	128.31	103.75	19.5	27.06	102.7	44.22	18.54	18.7	31.67	16.71
Period Momentum Indicator	0.83	0.57	(0.25)	0.15	0.05	(0.54)	(0.01)	0.07	(0.53)	0.08
Rate Of Daily Change	1.01	1.01	0.99	1.01	1.0	0.99	1.0	1.0	0.98	1.0
Day Median Price	128.31	103.75	19.5	27.06	102.7	44.22	18.54	18.7	31.67	16.71
Price Action Indicator	0.41	0.28	(0.12)	0.075	0.025	(0.27)	(0.01)	0.035	(0.27)	0.04
Coefficient Of Variation	919.77	607.73	643.97	470.59	603.27	956.71	767.76	841.57	410.48	655.24
Mean Deviation	1.86	0.6401	0.8277	0.5871	0.6412	0.6858	0.373	0.3717	0.7065	0.7483
Jensen Alpha	0.1727	0.1134	0.0444	0.1552	0.1161	(0)	0.0014	0.0351	0.1289	0.0799
Total Risk Alpha	(0.07)	0.0323	0.0187	0.0596	0.0339	(0.03)	(0.01)	(0.01)	0.1011	0.0152
Sortino Ratio	0.1126	0.0973	0.0523	0.0866	0.1006	(0.01)	(0.08)	(0.09)	0.1543	0.0437
Downside Variance	5.7	0.7244	1.12	0.6465	0.7207	0.6884	0.2932	0.2884	0.6966	1.22
Standard Deviation	3.43	1.14	1.03	0.8172	1.14	0.9215	0.4825	0.484	0.9557	0.9976
Kurtosis	25.57	21.8	(0.41)	4.58	22.28	0.6205	0.1168	0.1184	0.8859	(0.01)
Potential Upside	3.59	1.21	1.58	1.2	1.22	1.82	0.783	0.7791	2.14	1.69
Treynor Ratio	0.1794	0.2621	0.1338	1.83	0.2665	0.0908	0.0966	0.3605	0.2231	0.2145
Maximum Drawdown	26.61	9.24	3.85	5.33	9.32	4.49	2.19	2.18	3.98	4.46
Variance	11.76	1.29	1.05	0.6679	1.31	0.8491	0.2328	0.2342	0.9133	0.9952
Market Risk Adjusted Performance	0.1894	0.2721	0.1438	1.84	0.2765	0.1008	0.1066	0.3705	0.2331	0.2245
Risk Adjusted Performance	0.0881	0.125	0.1175	0.1579	0.1259	0.0792	0.0909	0.0825	0.1822	0.1153
Skewness	3.95	3.42	(0.17)	0.8973	3.48	0.5039	(0.43)	(0.43)	0.4085	(0.37)
Semi Deviation	2.07	0.5806	0.8285	0.4846	0.576	0.6757	0.4028	0.4163	0.4673	0.9222
Information Ratio	0.0784	0.0729	0.054	0.0852	0.0747	(0.01)	(0.09)	(0.1)	0.1348	0.0483
Value At Risk	(4.11)	(1.17)	(1.51)	(1.18)	(1.18)	(1.14)	(0.87)	(0.87)	(1.02)	(1.75)
Expected Short fall	(2.05)	(0.73)	(0.89)	(0.64)	(0.73)	(0.76)	(0.41)	(0.41)	(0.84)	(0.76)
Downside Deviation	2.39	0.8511	1.06	0.804	0.8489	0.8297	0.5415	0.537	0.8346	1.1
Semi Variance	4.28	0.3371	0.6863	0.2348	0.3318	0.4565	0.1623	0.1733	0.2184	0.8505

Ultra Nasdaq-100 Competition Performance Charts

Five steps to successful analysis of Ultra Nasdaq-100 Competition

Ultra Nasdaq-100'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 Ultra Nasdaq 100 in relation to its competition. Ultra Nasdaq-100's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Ultra Nasdaq-100 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 Ultra Nasdaq-100's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Ultra Nasdaq 100, 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 Ultra Nasdaq-100 position

In addition to having Ultra Nasdaq-100 in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Synthetics

Companies involved in production of silicon and other synthetic products . The Synthetics theme has 19 constituents at this time.

You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Synthetics Theme or any other thematic opportunities.

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Other Information on Investing in Ultra Mutual Fund

Ultra Nasdaq-100 financial ratios help investors to determine whether Ultra 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 Ultra with respect to the benefits of owning Ultra Nasdaq-100 security.

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Ultra Nasdaq-100 Competition

Ultra Nasdaq-100 vs Needham Aggressive Correlation

Poor diversification

Moving together with Ultra Mutual Fund

Moving against Ultra Mutual Fund

Specify up to 10 symbols:

Ultra Nasdaq-100 Competition Correlation Matrix

Risk-Adjusted Indicators

Ultra Nasdaq-100 Competitive Analysis

Ultra Nasdaq-100 Competition Performance Charts

Five steps to successful analysis of Ultra Nasdaq-100 Competition

Complement your Ultra Nasdaq-100 position

Did You Try This Idea?

Run Synthetics Thematic Idea Now

Synthetics

Other Information on Investing in Ultra Mutual Fund

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