Ultrabull Profund Investor Fund Market Value
| ULPIX Fund | USD 147.74 1.54 1.05% |
| Symbol | Ultrabull |
Ultrabull Profund '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 Ultrabull Profund'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 Ultrabull Profund.
| 10/26/2024 |
| 01/24/2025 |
If you would invest 0.00 in Ultrabull Profund on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Ultrabull Profund Investor or generate 0.0% return on investment in Ultrabull Profund over 90 days. Ultrabull Profund is related to or competes with Fisher Large, Nuveen Nwq, Oppenheimer Global, Principal Lifetime, Enhanced, Franklin Moderate, and T Rowe. The investment seeks daily investment results, before fees and expenses, that correspond to two times the daily performa... More
Ultrabull Profund 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 Ultrabull Profund'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 Ultrabull Profund Investor upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.17 | |||
| Information Ratio | 0.0418 | |||
| Maximum Drawdown | 10.95 | |||
| Value At Risk | (3.08) | |||
| Potential Upside | 2.51 |
Ultrabull Profund Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ultrabull Profund's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ultrabull Profund's standard deviation. In reality, there are many statistical measures that can use Ultrabull Profund historical prices to predict the future Ultrabull Profund's volatility.| Risk Adjusted Performance | 0.0632 | |||
| Jensen Alpha | 0.0874 | |||
| Total Risk Alpha | 0.0327 | |||
| Sortino Ratio | 0.0352 | |||
| Treynor Ratio | 0.1608 |
Ultrabull Profund Backtested Returns
At this stage we consider Ultrabull Mutual Fund to be very steady. Ultrabull Profund owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0641, which indicates the fund had a 0.0641 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Ultrabull Profund Investor, which you can use to evaluate the volatility of the fund. Please validate Ultrabull Profund's Risk Adjusted Performance of 0.0632, semi deviation of 1.86, and Coefficient Of Variation of 1469.64 to confirm if the risk estimate we provide is consistent with the expected return of 0.12%. The entity has a beta of 0.71, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Ultrabull Profund's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ultrabull Profund is expected to be smaller as well.
Auto-correlation | -0.36 |
Poor reverse predictability
Ultrabull Profund Investor has poor reverse predictability. Overlapping area represents the amount of predictability between Ultrabull Profund time series from 26th of October 2024 to 10th of December 2024 and 10th of December 2024 to 24th 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 Ultrabull Profund price movement. The serial correlation of -0.36 indicates that just about 36.0% of current Ultrabull Profund price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 26.05 |
Ultrabull Profund lagged returns against current returns
Autocorrelation, which is Ultrabull Profund 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 Ultrabull Profund's mutual fund expected returns. We can calculate the autocorrelation of Ultrabull Profund returns to help us make a trade decision. For example, suppose you find that Ultrabull Profund 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 |
Ultrabull Profund 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 Ultrabull Profund mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ultrabull Profund mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ultrabull Profund mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Ultrabull Profund Lagged Returns
When evaluating Ultrabull Profund's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ultrabull Profund mutual fund have on its future price. Ultrabull Profund 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, Ultrabull Profund autocorrelation shows the relationship between Ultrabull Profund mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ultrabull Profund Investor.
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 Ultrabull Mutual Fund
Ultrabull Profund financial ratios help investors to determine whether Ultrabull 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 Ultrabull with respect to the benefits of owning Ultrabull Profund security.
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