Internet Ultrasector Profund Fund Market Value
| INPSX Fund | USD 35.09 0.50 1.45% |
| Symbol | Internet |
Internet 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 Internet 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 Internet Ultrasector.
| 02/29/2024 |
| 11/25/2024 |
If you would invest 0.00 in Internet Ultrasector on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding Internet Ultrasector Profund or generate 0.0% return on investment in Internet Ultrasector over 270 days. Internet Ultrasector is related to or competes with Internet Ultrasector, Ultranasdaq-100 Profund, Semiconductor Ultrasector, Biotechnology Ultrasector, and Nasdaq-100(r). The fund invests in financial instruments that the fund advisors believes, in combination, should produce daily returns ... More
Internet 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 Internet 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 Internet Ultrasector Profund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.71 | |||
| Information Ratio | 0.173 | |||
| Maximum Drawdown | 8.12 | |||
| Value At Risk | (2.41) | |||
| Potential Upside | 2.56 |
Internet Ultrasector Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Internet Ultrasector's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Internet Ultrasector's standard deviation. In reality, there are many statistical measures that can use Internet Ultrasector historical prices to predict the future Internet Ultrasector's volatility.| Risk Adjusted Performance | 0.2006 | |||
| Jensen Alpha | 0.2165 | |||
| Total Risk Alpha | 0.1456 | |||
| Sortino Ratio | 0.1618 | |||
| Treynor Ratio | 0.2651 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Internet 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.
Internet Ultrasector Backtested Returns
Internet Ultrasector appears to be very steady, given 3 months investment horizon. Internet Ultrasector holds Efficiency (Sharpe) Ratio of 0.25, which attests that the entity had a 0.25% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Internet Ultrasector, which you can use to evaluate the volatility of the entity. Please utilize Internet Ultrasector's Market Risk Adjusted Performance of 0.2751, risk adjusted performance of 0.2006, and Downside Deviation of 1.71 to validate if our risk estimates are consistent with your expectations. The fund retains a Market Volatility (i.e., Beta) of 1.5, 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, Internet Ultrasector will likely underperform.
Auto-correlation | -0.07 |
Very weak reverse predictability
Internet Ultrasector Profund has very weak reverse predictability. Overlapping area represents the amount of predictability between Internet Ultrasector time series from 29th of February 2024 to 13th of July 2024 and 13th of July 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 Internet Ultrasector price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Internet Ultrasector price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 7.83 |
Internet Ultrasector lagged returns against current returns
Autocorrelation, which is Internet 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 Internet Ultrasector's mutual fund expected returns. We can calculate the autocorrelation of Internet Ultrasector returns to help us make a trade decision. For example, suppose you find that Internet 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 |
Internet 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 Internet Ultrasector mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Internet 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 Internet Ultrasector mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Internet Ultrasector Lagged Returns
When evaluating Internet Ultrasector's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Internet Ultrasector mutual fund have on its future price. Internet 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, Internet Ultrasector autocorrelation shows the relationship between Internet Ultrasector mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Internet 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 Internet Mutual Fund
Internet Ultrasector financial ratios help investors to determine whether Internet 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 Internet with respect to the benefits of owning Internet Ultrasector security.
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