Ultrainternational Profund Ultrainternational Fund Market Value
| UNPSX Fund | USD 15.02 0.12 0.81% |
| Symbol | Ultrainternational |
Ultrainternational '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 Ultrainternational'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 Ultrainternational.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Ultrainternational on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Ultrainternational Profund Ultrainternational or generate 0.0% return on investment in Ultrainternational over 720 days. Ultrainternational is related to or competes with Short Real, Short Real, Ultrashort Mid-cap, Ultrashort Mid, Technology Ultrasector, Technology Ultrasector, and Large-cap Growth. The fund invests in financial instruments that the fund Advisors believes, in combination, should produce daily returns ... More
Ultrainternational 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 Ultrainternational'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 Ultrainternational Profund Ultrainternational upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 7.98 | |||
| Value At Risk | (3.37) | |||
| Potential Upside | 3.0 |
Ultrainternational Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ultrainternational's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ultrainternational's standard deviation. In reality, there are many statistical measures that can use Ultrainternational historical prices to predict the future Ultrainternational's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.45) | |||
| Treynor Ratio | (0.18) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ultrainternational'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.
Ultrainternational Backtested Returns
Ultrainternational owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.14, which indicates the fund had a -0.14% return per unit of risk over the last 3 months. Ultrainternational Profund Ultrainternational exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Ultrainternational's Coefficient Of Variation of (1,032), variance of 2.93, and Risk Adjusted Performance of (0.07) to confirm the risk estimate we provide. The entity has a beta of 0.95, which indicates possible diversification benefits within a given portfolio. Ultrainternational returns are very sensitive to returns on the market. As the market goes up or down, Ultrainternational is expected to follow.
Auto-correlation | 0.00 |
No correlation between past and present
Ultrainternational Profund Ultrainternational has no correlation between past and present. Overlapping area represents the amount of predictability between Ultrainternational time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 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 Ultrainternational price movement. The serial correlation of 0.0 indicates that just 0.0% of current Ultrainternational price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.85 |
Ultrainternational lagged returns against current returns
Autocorrelation, which is Ultrainternational 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 Ultrainternational's mutual fund expected returns. We can calculate the autocorrelation of Ultrainternational returns to help us make a trade decision. For example, suppose you find that Ultrainternational 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 |
Ultrainternational 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 Ultrainternational mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ultrainternational mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ultrainternational mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Ultrainternational Lagged Returns
When evaluating Ultrainternational's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ultrainternational mutual fund have on its future price. Ultrainternational 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, Ultrainternational autocorrelation shows the relationship between Ultrainternational mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ultrainternational Profund Ultrainternational.
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 Ultrainternational Mutual Fund
Ultrainternational financial ratios help investors to determine whether Ultrainternational 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 Ultrainternational with respect to the benefits of owning Ultrainternational security.
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk |