Industrials Ultrasector Profund Fund Market Value
| IDPIX Fund | USD 73.70 1.46 2.02% |
| Symbol | Industrials |
Industrials 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 Industrials 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 Industrials Ultrasector.
| 12/01/2023 |
| 11/25/2024 |
If you would invest 0.00 in Industrials Ultrasector on December 1, 2023 and sell it all today you would earn a total of 0.00 from holding Industrials Ultrasector Profund or generate 0.0% return on investment in Industrials Ultrasector over 360 days. Industrials Ultrasector is related to or competes with Short Real, Short Real, Ultrashort Mid-cap, Ultrashort Mid, Technology Ultrasector, Technology Ultrasector, and Large-cap Growth. The fund invests in financial instruments that the fund advisors believes, in combination, should produce daily returns ... More
Industrials 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 Industrials 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 Industrials Ultrasector Profund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.17 | |||
| Information Ratio | 0.0776 | |||
| Maximum Drawdown | 8.41 | |||
| Value At Risk | (1.79) | |||
| Potential Upside | 2.48 |
Industrials Ultrasector Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Industrials Ultrasector's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Industrials Ultrasector's standard deviation. In reality, there are many statistical measures that can use Industrials Ultrasector historical prices to predict the future Industrials Ultrasector's volatility.| Risk Adjusted Performance | 0.1358 | |||
| Jensen Alpha | 0.0328 | |||
| Total Risk Alpha | 0.0091 | |||
| Sortino Ratio | 0.0925 | |||
| Treynor Ratio | 0.141 |
Industrials Ultrasector Backtested Returns
Industrials Ultrasector appears to be very steady, given 3 months investment horizon. Industrials Ultrasector holds Efficiency (Sharpe) Ratio of 0.16, which attests that the entity had a 0.16% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Industrials Ultrasector, which you can use to evaluate the volatility of the entity. Please utilize Industrials Ultrasector's Market Risk Adjusted Performance of 0.151, risk adjusted performance of 0.1358, and Downside Deviation of 1.17 to validate if our risk estimates are consistent with your expectations. The fund retains a Market Volatility (i.e., Beta) of 1.63, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Industrials Ultrasector will likely underperform.
Auto-correlation | 0.81 |
Very good predictability
Industrials Ultrasector Profund has very good predictability. Overlapping area represents the amount of predictability between Industrials Ultrasector time series from 1st of December 2023 to 29th of May 2024 and 29th of May 2024 to 25th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Industrials Ultrasector price movement. The serial correlation of 0.81 indicates that around 81.0% of current Industrials Ultrasector price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 20.77 |
Industrials Ultrasector lagged returns against current returns
Autocorrelation, which is Industrials 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 Industrials Ultrasector's mutual fund expected returns. We can calculate the autocorrelation of Industrials Ultrasector returns to help us make a trade decision. For example, suppose you find that Industrials 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 |
Industrials 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 Industrials Ultrasector mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Industrials 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 Industrials Ultrasector mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Industrials Ultrasector Lagged Returns
When evaluating Industrials Ultrasector's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Industrials Ultrasector mutual fund have on its future price. Industrials 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, Industrials Ultrasector autocorrelation shows the relationship between Industrials Ultrasector mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Industrials 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 Industrials Mutual Fund
Industrials Ultrasector financial ratios help investors to determine whether Industrials 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 Industrials with respect to the benefits of owning Industrials Ultrasector security.
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
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| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings |