Ultrashort Mid Cap Profund Fund Market Value
| UIPSX Fund | USD 23.83 0.81 3.29% |
| Symbol | Ultrashort |
Ultrashort Mid-cap '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 Ultrashort Mid-cap'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 Ultrashort Mid-cap.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Ultrashort Mid-cap on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Ultrashort Mid Cap Profund or generate 0.0% return on investment in Ultrashort Mid-cap over 30 days. Ultrashort Mid-cap is related to or competes with Valic Company, Dimensional 2010, Qs Moderate, Saat Moderate, Franklin Lifesmart, and T Rowe. The fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns c... More
Ultrashort Mid-cap 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 Ultrashort Mid-cap'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 Ultrashort Mid Cap Profund upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 13.58 | |||
| Value At Risk | (3.42) | |||
| Potential Upside | 2.46 |
Ultrashort Mid-cap Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ultrashort Mid-cap's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ultrashort Mid-cap's standard deviation. In reality, there are many statistical measures that can use Ultrashort Mid-cap historical prices to predict the future Ultrashort Mid-cap's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | 0.0012 | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | 0.0849 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ultrashort Mid-cap'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.
Ultrashort Mid Cap Backtested Returns
Ultrashort Mid Cap owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0897, which indicates the fund had a -0.0897% return per unit of risk over the last 3 months. Ultrashort Mid Cap Profund exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Ultrashort Mid-cap's Risk Adjusted Performance of (0.07), coefficient of variation of (1,042), and Variance of 3.88 to confirm the risk estimate we provide. The entity has a beta of -2.35, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Ultrashort Mid-cap are expected to decrease by larger amounts. On the other hand, during market turmoil, Ultrashort Mid-cap is expected to outperform it.
Auto-correlation | 0.29 |
Poor predictability
Ultrashort Mid Cap Profund has poor predictability. Overlapping area represents the amount of predictability between Ultrashort Mid-cap time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Ultrashort Mid Cap price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Ultrashort Mid-cap price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.32 |
Ultrashort Mid Cap lagged returns against current returns
Autocorrelation, which is Ultrashort Mid-cap 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 Ultrashort Mid-cap's mutual fund expected returns. We can calculate the autocorrelation of Ultrashort Mid-cap returns to help us make a trade decision. For example, suppose you find that Ultrashort Mid-cap 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 |
Ultrashort Mid-cap 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 Ultrashort Mid-cap mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ultrashort Mid-cap mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ultrashort Mid-cap mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Ultrashort Mid-cap Lagged Returns
When evaluating Ultrashort Mid-cap's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ultrashort Mid-cap mutual fund have on its future price. Ultrashort Mid-cap 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, Ultrashort Mid-cap autocorrelation shows the relationship between Ultrashort Mid-cap mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ultrashort Mid 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 Ultrashort Mutual Fund
Ultrashort Mid-cap financial ratios help investors to determine whether Ultrashort 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 Ultrashort with respect to the benefits of owning Ultrashort Mid-cap security.
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