Ultrashort Japan Profund Fund Market Value
| UKPSX Fund | USD 39.57 0.74 1.84% |
| Symbol | Ultrashort |
Ultrashort Japan '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 Japan'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 Japan.
| 02/29/2024 |
| 11/25/2024 |
If you would invest 0.00 in Ultrashort Japan on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding Ultrashort Japan Profund or generate 0.0% return on investment in Ultrashort Japan over 270 days. Ultrashort Japan is related to or competes with John Hancock, Prudential Jennison, Financials Ultrasector, Royce Global, and Gabelli Global. The fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns c... More
Ultrashort Japan 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 Japan'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 Japan Profund upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 16.23 | |||
| Value At Risk | (5.25) | |||
| Potential Upside | 5.53 |
Ultrashort Japan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ultrashort Japan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ultrashort Japan's standard deviation. In reality, there are many statistical measures that can use Ultrashort Japan historical prices to predict the future Ultrashort Japan's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | 0.2486 | |||
| Total Risk Alpha | (0.56) | |||
| Treynor Ratio | 0.0198 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ultrashort Japan'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 Japan Profund Backtested Returns
Ultrashort Japan Profund owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0089, which indicates the fund had a -0.0089% return per unit of risk over the last 3 months. Ultrashort Japan Profund exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Ultrashort Japan's Variance of 10.58, coefficient of variation of (8,377), and insignificant Risk Adjusted Performance to confirm the risk estimate we provide. The entity has a beta of -2.46, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Ultrashort Japan are expected to decrease by larger amounts. On the other hand, during market turmoil, Ultrashort Japan is expected to outperform it.
Auto-correlation | -0.09 |
Very weak reverse predictability
Ultrashort Japan Profund has very weak reverse predictability. Overlapping area represents the amount of predictability between Ultrashort Japan time series from 29th of February 2024 to 13th of July 2024 and 13th of July 2024 to 25th 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 Japan Profund price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Ultrashort Japan price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 13.89 |
Ultrashort Japan Profund lagged returns against current returns
Autocorrelation, which is Ultrashort Japan 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 Japan's mutual fund expected returns. We can calculate the autocorrelation of Ultrashort Japan returns to help us make a trade decision. For example, suppose you find that Ultrashort Japan 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 Japan 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 Japan mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ultrashort Japan 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 Japan mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Ultrashort Japan Lagged Returns
When evaluating Ultrashort Japan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ultrashort Japan mutual fund have on its future price. Ultrashort Japan 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 Japan autocorrelation shows the relationship between Ultrashort Japan mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ultrashort Japan 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 Japan 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 Japan security.
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