Rising Dollar Profund Fund Market Value

RDPIX Fund  USD 31.62  0.11  0.35%   
Rising Dollar's market value is the price at which a share of Rising Dollar trades on a public exchange. It measures the collective expectations of Rising Dollar Profund investors about its performance. Rising Dollar is trading at 31.62 as of the 18th of January 2025; that is 0.35 percent up since the beginning of the trading day. The fund's open price was 31.51.
With this module, you can estimate the performance of a buy and hold strategy of Rising Dollar Profund and determine expected loss or profit from investing in Rising Dollar over a given investment horizon. Check out Rising Dollar Correlation, Rising Dollar Volatility and Rising Dollar Alpha and Beta module to complement your research on Rising Dollar.
Symbol

Please note, there is a significant difference between Rising Dollar's value and its price as these two are different measures arrived at by different means. Investors typically determine if Rising Dollar is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Rising Dollar's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Rising Dollar '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 Rising Dollar'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 Rising Dollar.
0.00
12/19/2024
No Change 0.00  0.0 
In 31 days
01/18/2025
0.00
If you would invest  0.00  in Rising Dollar on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Rising Dollar Profund or generate 0.0% return on investment in Rising Dollar over 30 days. Rising Dollar is related to or competes with Short Real, Short Real, Ultrashort Mid-cap, Ultrashort Mid-cap, Technology Ultrasector, Technology Ultrasector, and Large Cap. The fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns c... More

Rising Dollar 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 Rising Dollar'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 Rising Dollar Profund upside and downside potential and time the market with a certain degree of confidence.

Rising Dollar Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Rising Dollar's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rising Dollar's standard deviation. In reality, there are many statistical measures that can use Rising Dollar historical prices to predict the future Rising Dollar's volatility.
Hype
Prediction
LowEstimatedHigh
31.1931.6232.05
Details
Intrinsic
Valuation
LowRealHigh
30.9731.4031.83
Details

Rising Dollar Profund Backtested Returns

At this stage we consider Rising Mutual Fund to be very steady. Rising Dollar Profund maintains Sharpe Ratio (i.e., Efficiency) of 0.22, which implies the entity had a 0.22% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Rising Dollar Profund, which you can use to evaluate the volatility of the fund. Please check Rising Dollar's Semi Deviation of 0.1301, coefficient of variation of 418.51, and Risk Adjusted Performance of 0.1899 to confirm if the risk estimate we provide is consistent with the expected return of 0.0949%. The fund holds a Beta of -0.0818, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Rising Dollar are expected to decrease at a much lower rate. During the bear market, Rising Dollar is likely to outperform the market.

Auto-correlation

    
  0.21  

Weak predictability

Rising Dollar Profund has weak predictability. Overlapping area represents the amount of predictability between Rising Dollar time series from 19th of December 2024 to 3rd of January 2025 and 3rd of January 2025 to 18th 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 Rising Dollar Profund price movement. The serial correlation of 0.21 indicates that over 21.0% of current Rising Dollar price fluctuation can be explain by its past prices.
Correlation Coefficient0.21
Spearman Rank Test0.35
Residual Average0.0
Price Variance0.02

Rising Dollar Profund lagged returns against current returns

Autocorrelation, which is Rising Dollar 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 Rising Dollar's mutual fund expected returns. We can calculate the autocorrelation of Rising Dollar returns to help us make a trade decision. For example, suppose you find that Rising Dollar 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  

Rising Dollar 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 Rising Dollar mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rising Dollar mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rising Dollar mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Rising Dollar Lagged Returns

When evaluating Rising Dollar's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rising Dollar mutual fund have on its future price. Rising Dollar 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, Rising Dollar autocorrelation shows the relationship between Rising Dollar mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Rising Dollar Profund.
   Regressed Prices   
       Timeline  

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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 Rising Mutual Fund

Rising Dollar financial ratios help investors to determine whether Rising 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 Rising with respect to the benefits of owning Rising Dollar security.
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