Short Small Cap Profund Fund Market Value
| SHPSX Fund | USD 45.54 0.33 0.73% |
| Symbol | Short |
Short Small '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 Short Small'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 Short Small.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Short Small on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Short Small Cap Profund or generate 0.0% return on investment in Short Small over 30 days. Short Small is related to or competes with Short Real, Short Real, Technology Ultrasector, Technology Ultrasector, Large-cap Growth, and Profunds-large Cap. The fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns c... More
Short Small 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 Short Small'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 Short Small Cap Profund upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 9.0 | |||
| Value At Risk | (2.08) | |||
| Potential Upside | 1.65 |
Short Small Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Short Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Short Small's standard deviation. In reality, there are many statistical measures that can use Short Small historical prices to predict the future Short Small's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | 0.0371 | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | 0.0941 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Short Small'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.
Short Small Cap Backtested Returns
Short Small Cap owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.12, which indicates the fund had a -0.12% return per unit of risk over the last 3 months. Short Small Cap Profund exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Short Small's Risk Adjusted Performance of (0.07), variance of 1.78, and Coefficient Of Variation of (1,007) to confirm the risk estimate we provide. The entity has a beta of -1.52, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Short Small are expected to decrease by larger amounts. On the other hand, during market turmoil, Short Small is expected to outperform it.
Auto-correlation | 0.35 |
Below average predictability
Short Small Cap Profund has below average predictability. Overlapping area represents the amount of predictability between Short Small time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Short Small Cap price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Short Small price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.77 |
Short Small Cap lagged returns against current returns
Autocorrelation, which is Short Small 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 Short Small's mutual fund expected returns. We can calculate the autocorrelation of Short Small returns to help us make a trade decision. For example, suppose you find that Short Small 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 |
Short Small 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 Short Small mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Short Small mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Short Small mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Short Small Lagged Returns
When evaluating Short Small's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Short Small mutual fund have on its future price. Short Small 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, Short Small autocorrelation shows the relationship between Short Small mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Short Small Cap 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 Short Mutual Fund
Short Small financial ratios help investors to determine whether Short 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 Short with respect to the benefits of owning Short Small security.
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