Financials Ultrasector Profund Fund Market Value
| FNPSX Fund | USD 35.79 0.31 0.87% |
| Symbol | Financials |
Financials Ultrasector '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 Financials Ultrasector'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 Financials Ultrasector.
| 12/24/2024 |
| 01/23/2025 |
If you would invest 0.00 in Financials Ultrasector on December 24, 2024 and sell it all today you would earn a total of 0.00 from holding Financials Ultrasector Profund or generate 0.0% return on investment in Financials Ultrasector over 30 days. Financials Ultrasector is related to or competes with Nasdaq-100(r), Nasdaq-100(r), Nasdaq-100(r), Ultra Nasdaq-100, Ultranasdaq-100 Profund, Monthly Rebalance, and Monthly Rebalance. The fund invests in financial instruments that the fund advisors believes, in combination, should produce daily returns ... More
Financials Ultrasector 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 Financials Ultrasector'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 Financials Ultrasector Profund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.63 | |||
| Information Ratio | 0.0392 | |||
| Maximum Drawdown | 13.76 | |||
| Value At Risk | (2.48) | |||
| Potential Upside | 2.05 |
Financials Ultrasector Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Financials Ultrasector's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Financials Ultrasector's standard deviation. In reality, there are many statistical measures that can use Financials Ultrasector historical prices to predict the future Financials Ultrasector's volatility.| Risk Adjusted Performance | 0.0549 | |||
| Jensen Alpha | 0.0809 | |||
| Total Risk Alpha | 0.0419 | |||
| Sortino Ratio | 0.0434 | |||
| Treynor Ratio | 0.1627 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Financials Ultrasector's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Financials Ultrasector Backtested Returns
At this stage we consider Financials Mutual Fund to be very steady. Financials Ultrasector secures Sharpe Ratio (or Efficiency) of 0.088, which denotes the fund had a 0.088 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Financials Ultrasector Profund, which you can use to evaluate the volatility of the entity. Please confirm Financials Ultrasector's Mean Deviation of 1.13, coefficient of variation of 1699.59, and Downside Deviation of 1.63 to check if the risk estimate we provide is consistent with the expected return of 0.17%. The fund shows a Beta (market volatility) of 0.59, which means possible diversification benefits within a given portfolio. As returns on the market increase, Financials Ultrasector's returns are expected to increase less than the market. However, during the bear market, the loss of holding Financials Ultrasector is expected to be smaller as well.
Auto-correlation | -0.63 |
Very good reverse predictability
Financials Ultrasector Profund has very good reverse predictability. Overlapping area represents the amount of predictability between Financials Ultrasector time series from 24th of December 2024 to 8th of January 2025 and 8th of January 2025 to 23rd of January 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 Financials Ultrasector price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current Financials Ultrasector price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 1.53 |
Financials Ultrasector lagged returns against current returns
Autocorrelation, which is Financials Ultrasector 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 Financials Ultrasector's mutual fund expected returns. We can calculate the autocorrelation of Financials Ultrasector returns to help us make a trade decision. For example, suppose you find that Financials Ultrasector 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 |
Financials Ultrasector 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 Financials Ultrasector mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Financials Ultrasector mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Financials Ultrasector mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Financials Ultrasector Lagged Returns
When evaluating Financials Ultrasector's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Financials Ultrasector mutual fund have on its future price. Financials Ultrasector 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, Financials Ultrasector autocorrelation shows the relationship between Financials Ultrasector mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Financials Ultrasector Profund.
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 Financials Mutual Fund
Financials Ultrasector financial ratios help investors to determine whether Financials 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 Financials with respect to the benefits of owning Financials Ultrasector security.
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon |