Pharmaceuticals Ultrasector Profund Fund Market Value
| PHPIX Fund | USD 22.50 1.27 5.34% |
| Symbol | Pharmaceuticals |
Pharmaceuticals 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 Pharmaceuticals 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 Pharmaceuticals Ultrasector.
| 03/05/2025 |
| 04/04/2025 |
If you would invest 0.00 in Pharmaceuticals Ultrasector on March 5, 2025 and sell it all today you would earn a total of 0.00 from holding Pharmaceuticals Ultrasector Profund or generate 0.0% return on investment in Pharmaceuticals Ultrasector over 30 days. Pharmaceuticals Ultrasector is related to or competes with Short Real, Short Real, Ultrashort Mid, 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
Pharmaceuticals 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 Pharmaceuticals 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 Pharmaceuticals Ultrasector Profund upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0328 | |||
| Maximum Drawdown | 11.19 | |||
| Value At Risk | (2.63) | |||
| Potential Upside | 2.63 |
Pharmaceuticals Ultrasector Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pharmaceuticals Ultrasector's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pharmaceuticals Ultrasector's standard deviation. In reality, there are many statistical measures that can use Pharmaceuticals Ultrasector historical prices to predict the future Pharmaceuticals Ultrasector's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | 0.1452 | |||
| Treynor Ratio | (0.35) |
Pharmaceuticals Ultrasector Backtested Returns
Pharmaceuticals Ultrasector maintains Sharpe Ratio (i.e., Efficiency) of -0.0555, which implies the entity had a -0.0555 % return per unit of risk over the last 3 months. Pharmaceuticals Ultrasector exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pharmaceuticals Ultrasector's Risk Adjusted Performance of (0.06), variance of 3.29, and Coefficient Of Variation of (1,946) to confirm the risk estimate we provide. The fund holds a Beta of 0.3, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pharmaceuticals Ultrasector's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pharmaceuticals Ultrasector is expected to be smaller as well.
Auto-correlation | 0.21 |
Weak predictability
Pharmaceuticals Ultrasector Profund has weak predictability. Overlapping area represents the amount of predictability between Pharmaceuticals Ultrasector time series from 5th of March 2025 to 20th of March 2025 and 20th of March 2025 to 4th of April 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 Pharmaceuticals Ultrasector price movement. The serial correlation of 0.21 indicates that over 21.0% of current Pharmaceuticals Ultrasector price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.75 |
Pharmaceuticals Ultrasector lagged returns against current returns
Autocorrelation, which is Pharmaceuticals 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 Pharmaceuticals Ultrasector's mutual fund expected returns. We can calculate the autocorrelation of Pharmaceuticals Ultrasector returns to help us make a trade decision. For example, suppose you find that Pharmaceuticals 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 |
Pharmaceuticals 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 Pharmaceuticals Ultrasector mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pharmaceuticals 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 Pharmaceuticals Ultrasector mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pharmaceuticals Ultrasector Lagged Returns
When evaluating Pharmaceuticals Ultrasector's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pharmaceuticals Ultrasector mutual fund have on its future price. Pharmaceuticals 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, Pharmaceuticals Ultrasector autocorrelation shows the relationship between Pharmaceuticals Ultrasector mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pharmaceuticals Ultrasector Profund.
Regressed Prices |
| Timeline |
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Other Information on Investing in Pharmaceuticals Mutual Fund
Pharmaceuticals Ultrasector financial ratios help investors to determine whether Pharmaceuticals 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 Pharmaceuticals with respect to the benefits of owning Pharmaceuticals Ultrasector security.
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