Profunds Ultrashort Nasdaq 100 Fund Price on October 19, 2023
| USPSX Fund | USD 24.94 0.44 1.73% |
Below is the normalized historical share price chart for Profunds Ultrashort Nasdaq 100 extending back to December 04, 2001. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Profunds Ultrashort stands at 24.94, as last reported on the 29th of November, with the highest price reaching 24.94 and the lowest price hitting 24.94 during the day.
If you're considering investing in Profunds Mutual Fund, it is important to understand the factors that can impact its price. Profunds Ultrashort maintains Sharpe Ratio (i.e., Efficiency) of -0.14, which implies the entity had a -0.14% return per unit of risk over the last 3 months. Profunds Ultrashort exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Profunds Ultrashort's Variance of 4.88, coefficient of variation of (1,515), and Risk Adjusted Performance of (0.04) 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.
Profunds |
Sharpe Ratio = -0.1377
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | USPSX |
Estimated Market Risk
| 2.04 actual daily | 18 82% of assets are more volatile |
Expected Return
| -0.28 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.14 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Profunds Ultrashort 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 Ultrashort by adding Profunds Ultrashort to a well-diversified portfolio.
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Profunds Ultrashort Valuation on October 19, 2023
It is possible to determine the worth of Profunds Ultrashort on a given historical date. On October 19, 2023 Profunds was worth 49.03 at the beginning of the trading date compared to the closed value of 49.03. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Profunds Ultrashort mutual fund. Still, in general, we apply an absolute valuation method to find Profunds Ultrashort'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 Ultrashort where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Profunds Ultrashort's related companies.
| Open | High | Low | Close | Volume | |
| 48.21 | 48.21 | 48.21 | 48.21 | 1.00 | |
10/19/2023 | 49.03 | 49.03 | 49.03 | 49.03 | 1.00 |
| 50.53 | 50.53 | 50.53 | 50.53 | 1.00 |
| Backtest Profunds Ultrashort | | | Profunds Ultrashort History | | | Profunds Ultrashort Valuation | Previous | Next |
Profunds Ultrashort Trading Date Momentum on October 19, 2023
| On October 20 2023 Profunds Ultrashort Nasdaq 100 was traded for 50.53 at the closing time. The highest daily price throughout the period was 50.53 and the lowest price was 50.53 . There was no trading activity during the period 1.0. Lack of trading volume on 10/20/2023 added to the next day price jump. The trading price change to closing price of the next trading day was 3.06% . The trading delta at closing time to current closing price is 6.32% . |
Profunds Ultrashort Fundamentals Correlations and Trends
By evaluating Profunds Ultrashort's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Profunds Ultrashort's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Profunds financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Profunds Ultrashort Mutual Fund history
Profunds Ultrashort 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 Ultrashort 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 Ultrashort stock prices may prove useful in developing a viable investing in Profunds Ultrashort
The fund invests in financial instruments that the fund Advisors believes, in combination, should produce daily returns consistent with the Daily Target. The index includes 100 of the largest domestic and international non-financial companies listed on The Nasdaq Stock Market based on market capitalization. The fund is non-diversified.
Profunds Ultrashort Mutual Fund Technical Analysis
Profunds Ultrashort 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.
Price Boundaries
Profunds Ultrashort Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Profunds Ultrashort Nasdaq 100 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 Ultrashort November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Profunds Ultrashort 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 Ultrashort shares will generate the highest return on investment. By undertsting and applying Profunds Ultrashort mutual fund market strength indicators, traders can identify Profunds Ultrashort Nasdaq 100 entry and exit signals to maximize returns
Profunds Ultrashort Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Profunds Ultrashort'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.
| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | 0.0694 | |||
| Total Risk Alpha | (0.49) | |||
| Treynor Ratio | 0.0798 |
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| Volume Indicators |
Other Information on Investing in Profunds Mutual Fund
Profunds Ultrashort 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 Ultrashort security.
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios |