Profunds Short Bitcoin Fund Market Value
| BITIX Fund | USD 25.68 0.84 3.38% |
| Symbol | Profunds |
Profunds Short 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Profunds Short's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Profunds Short.
| 01/02/2025 |
| 02/01/2025 |
If you would invest 0.00 in Profunds Short on January 2, 2025 and sell it all today you would earn a total of 0.00 from holding Profunds Short Bitcoin or generate 0.0% return on investment in Profunds Short over 30 days. Profunds Short is related to or competes with Putnman Retirement, Voya Target, Tiaa Cref, Voya Retirement, Sierra Core, and Transamerica Cleartrack. The index is designed to measure the performance of a single bitcoin traded in USD and seeks to provide a proxy for the ... More
Profunds Short Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Profunds Short's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Profunds Short Bitcoin upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 16.47 | |||
| Value At Risk | (6.23) | |||
| Potential Upside | 4.54 |
Profunds Short Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Profunds Short's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Profunds Short's standard deviation. In reality, there are many statistical measures that can use Profunds Short historical prices to predict the future Profunds Short's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.67) | |||
| Total Risk Alpha | (0.95) | |||
| Treynor Ratio | (5.11) |
Profunds Short Bitcoin Backtested Returns
Profunds Short Bitcoin maintains Sharpe Ratio (i.e., Efficiency) of -0.19, which implies the entity had a -0.19 % 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 12.84, coefficient of variation of (553.67), and Risk Adjusted Performance of (0.14) to confirm the risk estimate we provide. The fund holds a Beta of 0.13, which implies not very significant fluctuations relative to the market. As returns on the market increase, Profunds Short's returns are expected to increase less than the market. However, during the bear market, the loss of holding Profunds Short is expected to be smaller as well.
Auto-correlation | -0.02 |
Very weak reverse predictability
Profunds Short Bitcoin has very weak reverse predictability. Overlapping area represents the amount of predictability between Profunds Short time series from 2nd of January 2025 to 17th of January 2025 and 17th of January 2025 to 1st of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Profunds Short Bitcoin price movement. The serial correlation of -0.02 indicates that only 2.0% of current Profunds Short price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | -0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
Profunds Short Bitcoin lagged returns against current returns
Autocorrelation, which is Profunds Short mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Profunds Short's mutual fund expected returns. We can calculate the autocorrelation of Profunds Short returns to help us make a trade decision. For example, suppose you find that Profunds Short has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Profunds Short regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Profunds Short mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Profunds Short mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Profunds Short mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Profunds Short Lagged Returns
When evaluating Profunds Short's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Profunds Short mutual fund have on its future price. Profunds Short autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Profunds Short autocorrelation shows the relationship between Profunds Short mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Profunds Short Bitcoin.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.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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