Profunds Short Bitcoin Fund Manager Performance Evaluation
| BITIX Fund | USD 32.53 2.79 9.38% |
The fund holds a Beta of -0.51, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Profunds Short are expected to decrease at a much lower rate. During the bear market, Profunds Short is likely to outperform the market.
Risk-Adjusted Performance
OK
Weak | Strong |
Compared to the overall equity markets, risk-adjusted returns on investments in Profunds Short Bitcoin are ranked lower than 10 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak forward indicators, Profunds Short showed solid returns over the last few months and may actually be approaching a breakup point.
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Profunds Short Relative Risk vs. Return Landscape
If you would invest 2,608 in Profunds Short Bitcoin on December 11, 2024 and sell it today you would earn a total of 645.00 from holding Profunds Short Bitcoin or generate 24.73% return on investment over 90 days. Profunds Short Bitcoin is currently producing 0.4206% returns and takes up 3.0518% volatility of returns over 90 trading days. Put another way, 27% of traded mutual funds are less volatile than Profunds, and 92% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Profunds Short Current Valuation
Overvalued
Today
Please note that Profunds Short's price fluctuation is very steady at this time. Based on Macroaxis valuation methodology, the fund is overvalued. Profunds Short Bitcoin holds a recent Real Value of $31.51 per share. The prevailing price of the fund is $32.53. Our model determines the value of Profunds Short Bitcoin from analyzing the fund technical indicators and probability of bankruptcy. In general, investors support acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will merge together.
Since Profunds Short is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Profunds Mutual Fund. However, Profunds Short's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 32.53 | Real 31.51 | Hype 32.28 |
The intrinsic value of Profunds Short's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Profunds Short's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Profunds Short Bitcoin helps investors to forecast how Profunds mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Profunds Short more accurately as focusing exclusively on Profunds Short's fundamentals will not take into account other important factors: Profunds Short Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Profunds Short's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Profunds Short Bitcoin, and traders can use it to determine the average amount a Profunds Short's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1378
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | BITIX | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 3.05 actual daily | 27 73% of assets are more volatile |
Expected Return
| 0.42 actual daily | 8 92% of assets have higher returns |
Risk-Adjusted Return
| 0.14 actual daily | 10 90% of assets perform better |
Based on monthly moving average Profunds Short is performing at about 10% of its full potential. 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 it to a well-diversified portfolio.
Profunds Short Fundamentals Growth
Profunds Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Profunds Short, and Profunds Short fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Profunds Mutual Fund performance.
About Profunds Short Performance
Evaluating Profunds Short's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Profunds Short has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Profunds Short has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
The investment seeks daily investment results, before fees and expenses, that correspond to the inverse of the return of the SP CME Bitcoin Futures Index for a single day, not for any other period. Short Bitcoin is traded on NASDAQ Exchange in the United States.Things to note about Profunds Short Bitcoin performance evaluation
Checking the ongoing alerts about Profunds Short for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Profunds Short Bitcoin help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Profunds Short had very high historical volatility over the last 90 days |
- Analyzing Profunds Short's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Profunds Short's stock is overvalued or undervalued compared to its peers.
- Examining Profunds Short's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Profunds Short's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Profunds Short's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Profunds Short's mutual fund. These opinions can provide insight into Profunds Short's potential for growth and whether the stock is currently undervalued or overvalued.
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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