Ultra Nasdaq 100 Profunds Fund Market Value
| UOPIX Fund | USD 118.62 0.34 0.29% |
| Symbol | Ultra |
Ultra Nasdaq-100 '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 Ultra Nasdaq-100'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 Ultra Nasdaq-100.
| 01/03/2025 |
| 02/02/2025 |
If you would invest 0.00 in Ultra Nasdaq-100 on January 3, 2025 and sell it all today you would earn a total of 0.00 from holding Ultra Nasdaq 100 Profunds or generate 0.0% return on investment in Ultra Nasdaq-100 over 30 days. Ultra Nasdaq-100 is related to or competes with Ultrabull Profund, Profunds Ultrashort, Ultrasmall-cap Profund, Ultramid Cap, and Internet Ultrasector. The fund invests in financial instruments that the fund Advisors believes, in combination, should produce daily returns ... More
Ultra Nasdaq-100 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 Ultra Nasdaq-100'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 Ultra Nasdaq 100 Profunds upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.51 | |||
| Information Ratio | 0.0312 | |||
| Maximum Drawdown | 12.64 | |||
| Value At Risk | (4.81) | |||
| Potential Upside | 3.32 |
Ultra Nasdaq-100 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ultra Nasdaq-100's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ultra Nasdaq-100's standard deviation. In reality, there are many statistical measures that can use Ultra Nasdaq-100 historical prices to predict the future Ultra Nasdaq-100's volatility.| Risk Adjusted Performance | 0.0602 | |||
| Jensen Alpha | 0.0984 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0298 | |||
| Treynor Ratio | 0.2189 |
Ultra Nasdaq 100 Backtested Returns
Ultra Nasdaq-100 appears to be very steady, given 3 months investment horizon. Ultra Nasdaq 100 owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0971, which indicates the fund had a 0.0971 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Ultra Nasdaq 100 Profunds, which you can use to evaluate the volatility of the fund. Please review Ultra Nasdaq-100's Risk Adjusted Performance of 0.0602, semi deviation of 2.4, and Coefficient Of Variation of 1561.51 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of 0.66, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Ultra Nasdaq-100's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ultra Nasdaq-100 is expected to be smaller as well.
Auto-correlation | 0.61 |
Good predictability
Ultra Nasdaq 100 Profunds has good predictability. Overlapping area represents the amount of predictability between Ultra Nasdaq-100 time series from 3rd of January 2025 to 18th of January 2025 and 18th of January 2025 to 2nd of February 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 Ultra Nasdaq 100 price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Ultra Nasdaq-100 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 6.43 |
Ultra Nasdaq 100 lagged returns against current returns
Autocorrelation, which is Ultra Nasdaq-100 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 Ultra Nasdaq-100's mutual fund expected returns. We can calculate the autocorrelation of Ultra Nasdaq-100 returns to help us make a trade decision. For example, suppose you find that Ultra Nasdaq-100 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 |
Ultra Nasdaq-100 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 Ultra Nasdaq-100 mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ultra Nasdaq-100 mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ultra Nasdaq-100 mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Ultra Nasdaq-100 Lagged Returns
When evaluating Ultra Nasdaq-100's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ultra Nasdaq-100 mutual fund have on its future price. Ultra Nasdaq-100 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, Ultra Nasdaq-100 autocorrelation shows the relationship between Ultra Nasdaq-100 mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ultra Nasdaq 100 Profunds.
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 Ultra Mutual Fund
Ultra Nasdaq-100 financial ratios help investors to determine whether Ultra 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 Ultra with respect to the benefits of owning Ultra Nasdaq-100 security.
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