Profunds Short Bitcoin Fund Price on July 24, 2024

BITIX Fund  USD 28.10  1.13  4.19%   
If you're considering investing in Profunds Mutual Fund, it is important to understand the factors that can impact its price. As of today, the current price of Profunds Short stands at 28.10, as last reported on the 22nd of December, with the highest price reaching 28.10 and the lowest price hitting 28.10 during the day. Profunds Short Bitcoin maintains Sharpe Ratio (i.e., Efficiency) of -0.2, which implies the entity had a -0.2% return per unit of risk over the last 3 months. Profunds Short Bitcoin exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Profunds Short's Variance of 11.69, coefficient of variation of (527.53), and Risk Adjusted Performance of (0.14) to confirm the risk estimate we provide.
  
Profunds Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.1953

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Estimated Market Risk

 3.44
  actual daily
30
70% of assets are more volatile

Expected Return

 -0.67
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.2
  actual daily
0
Most of other assets perform better
Based on monthly moving average Profunds Short is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Profunds Short by adding Profunds Short to a well-diversified portfolio.

Profunds Short Valuation on July 24, 2024

It is possible to determine the worth of Profunds Short on a given historical date. On July 24, 2024 Profunds was worth 45.7 at the beginning of the trading date compared to the closed value of 45.7. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Profunds Short mutual fund. Still, in general, we apply an absolute valuation method to find Profunds Short's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Profunds Short where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Profunds Short's related companies.
 Open High Low Close Volume
  45.80    45.80    45.80    45.80    1.00  
07/24/2024
  45.70    45.70    45.70    45.70    1.00  
  46.40    46.40    46.40    46.40    1.00  
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Open Value
45.7
45.7
Closing Value
56.02
Upside

Profunds Short Trading Date Momentum on July 24, 2024

On July 25 2024 Profunds Short Bitcoin was traded for  46.40  at the closing time. The highest daily price throughout the period was 46.40  and the lowest price was  46.40 . There was no trading activity during the period 1.0. Lack of trading volume on 07/25/2024 added to the next day price jump. The overall trading delta to closing price of the next trading day was 1.53% . The trading delta at closing time to current closing price is 20.57% .

About Profunds Short Mutual Fund history

Profunds Short investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Profunds is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Profunds Short Bitcoin will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Profunds Short stock prices may prove useful in developing a viable investing in Profunds Short
The index is designed to measure the performance of a single bitcoin traded in USD and seeks to provide a proxy for the bitcoin market. The index price is a composite of U.S. dollar-bitcoin trading activities reported by certain digital asset trading platforms that are evaluated based on a variety of different criteria, including the trading platforms oversight and governance controls, liquidity, capital controls, data transparency and data integrity. The fund is non-diversified.

Profunds Short Mutual Fund Technical Analysis

Profunds Short technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
A focus of Profunds Short technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Profunds Short trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Profunds Short Period Price Range

Low
December 22, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Profunds Short Bitcoin cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Profunds Short December 22, 2024 Market Strength

Market strength indicators help investors to evaluate how Profunds Short mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Profunds Short shares will generate the highest return on investment. By undertsting and applying Profunds Short mutual fund market strength indicators, traders can identify Profunds Short Bitcoin entry and exit signals to maximize returns

Profunds Short Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Profunds Short's price direction in advance. Along with the technical and fundamental analysis of Profunds Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Profunds to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

Other Information on Investing in Profunds Mutual Fund

Profunds Short financial ratios help investors to determine whether Profunds 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 Profunds with respect to the benefits of owning Profunds Short security.
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