Ultra Short Income Fund Market Value
| MUAIX Fund | USD 9.99 0.00 0.00% |
| Symbol | Ultra |
Ultra 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 Ultra 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 Ultra Short.
| 08/19/2023 |
| 12/11/2024 |
If you would invest 0.00 in Ultra Short on August 19, 2023 and sell it all today you would earn a total of 0.00 from holding Ultra Short Income or generate 0.0% return on investment in Ultra Short over 480 days. Ultra Short is related to or competes with SCOR PK, Morningstar Unconstrained, Via Renewables, Bondbloxx ETF, Spring Valley, 70082LAB3, and Bondbloxx ETF. The fund invests primarily in liquid, high quality U.S More
Ultra 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 Ultra 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 Ultra Short Income upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (1.20) | |||
| Maximum Drawdown | 0.5058 | |||
| Potential Upside | 0.1013 |
Ultra Short Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ultra Short's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ultra Short's standard deviation. In reality, there are many statistical measures that can use Ultra Short historical prices to predict the future Ultra Short's volatility.| Risk Adjusted Performance | 0.0783 | |||
| Jensen Alpha | 0.0091 | |||
| Total Risk Alpha | (0.01) | |||
| Treynor Ratio | (1.35) |
Ultra Short Income Backtested Returns
At this stage we consider Ultra Mutual Fund to be very steady. Ultra Short Income owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.21, which indicates the fund had a 0.21% return per unit of risk over the last 3 months. We have found eighteen technical indicators for Ultra Short Income, which you can use to evaluate the volatility of the fund. Please validate Ultra Short's Coefficient Of Variation of 481.42, risk adjusted performance of 0.0783, and Variance of 0.0078 to confirm if the risk estimate we provide is consistent with the expected return of 0.0192%. The entity has a beta of -0.0062, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ultra Short are expected to decrease at a much lower rate. During the bear market, Ultra Short is likely to outperform the market.
Auto-correlation | 0.98 |
Excellent predictability
Ultra Short Income has excellent predictability. Overlapping area represents the amount of predictability between Ultra Short time series from 19th of August 2023 to 15th of April 2024 and 15th of April 2024 to 11th of December 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 Ultra Short Income price movement. The serial correlation of 0.98 indicates that 98.0% of current Ultra Short price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.98 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Ultra Short Income lagged returns against current returns
Autocorrelation, which is Ultra 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 Ultra Short's mutual fund expected returns. We can calculate the autocorrelation of Ultra Short returns to help us make a trade decision. For example, suppose you find that Ultra 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 |
Ultra 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 Ultra Short mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ultra 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 Ultra Short mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Ultra Short Lagged Returns
When evaluating Ultra Short's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ultra Short mutual fund have on its future price. Ultra 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, Ultra Short autocorrelation shows the relationship between Ultra Short mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ultra Short Income.
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 Ultra Mutual Fund
Ultra Short financial ratios help investors to determine whether Ultra 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 Ultra with respect to the benefits of owning Ultra Short security.
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