Rising Dollar Profund Fund Market Value
| RDPSX Fund | USD 26.62 0.22 0.82% |
| Symbol | Rising |
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.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Rising Dollar on October 30, 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 American Funds, Target Retirement, Blackrock Moderate, Franklin Lifesmart, Calvert Moderate, Transamerica Cleartrack, and Qs Moderate. 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.
| Downside Deviation | 0.4004 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 2.3 | |||
| Value At Risk | (0.52) | |||
| Potential Upside | 0.5736 |
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.| Risk Adjusted Performance | 0.1683 | |||
| Jensen Alpha | 0.0681 | |||
| Total Risk Alpha | 0.0225 | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.6464 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Rising Dollar'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.
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 0.19, which implies the entity had a 0.19% 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 0.1231, coefficient of variation of 431.92, and Risk Adjusted Performance of 0.1683 to confirm if the risk estimate we provide is consistent with the expected return of 0.0765%. The fund holds a Beta of 0.13, which implies not very significant fluctuations relative to the market. As returns on the market increase, Rising Dollar's returns are expected to increase less than the market. However, during the bear market, the loss of holding Rising Dollar is expected to be smaller as well.
Auto-correlation | -0.24 |
Weak reverse predictability
Rising Dollar Profund has weak reverse predictability. Overlapping area represents the amount of predictability between Rising Dollar time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Rising Dollar Profund price movement. The serial correlation of -0.24 indicates that over 24.0% of current Rising Dollar price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
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 |
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 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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