Profunds Ultrashort Nasdaq 100 Fund Market Value
| USPSX Fund | USD 25.35 0.19 0.74% |
| Symbol | Profunds |
Profunds Ultrashort '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 Profunds Ultrashort'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 Profunds Ultrashort.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Profunds Ultrashort on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Profunds Ultrashort Nasdaq 100 or generate 0.0% return on investment in Profunds Ultrashort over 30 days. Profunds Ultrashort is related to or competes with Old Westbury, Extended Market, Semiconductor Ultrasector, Pnc Emerging, Aqr Long-short, Small Cap, and T Rowe. The fund invests in financial instruments that the fund Advisors believes, in combination, should produce daily returns ... More
Profunds Ultrashort 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 Profunds Ultrashort'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 Profunds Ultrashort Nasdaq 100 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 11.87 | |||
| Value At Risk | (3.06) | |||
| Potential Upside | 4.8 |
Profunds Ultrashort Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Profunds Ultrashort's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Profunds Ultrashort's standard deviation. In reality, there are many statistical measures that can use Profunds Ultrashort historical prices to predict the future Profunds Ultrashort's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.38) | |||
| Treynor Ratio | (0.48) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Profunds Ultrashort'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.
Profunds Ultrashort Backtested Returns
Profunds Ultrashort maintains Sharpe Ratio (i.e., Efficiency) of -0.0734, which implies the entity had a -0.0734% return per unit of risk over the last 3 months. Profunds Ultrashort exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Profunds Ultrashort's Coefficient Of Variation of (2,100), risk adjusted performance of (0.03), and Variance of 5.17 to confirm the risk estimate we provide. The fund holds a Beta of 0.25, which implies not very significant fluctuations relative to the market. As returns on the market increase, Profunds Ultrashort's returns are expected to increase less than the market. However, during the bear market, the loss of holding Profunds Ultrashort is expected to be smaller as well.
Auto-correlation | 0.42 |
Average predictability
Profunds Ultrashort Nasdaq 100 has average predictability. Overlapping area represents the amount of predictability between Profunds Ultrashort 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 Profunds Ultrashort price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Profunds Ultrashort price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.35 |
Profunds Ultrashort lagged returns against current returns
Autocorrelation, which is Profunds Ultrashort 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 Profunds Ultrashort's mutual fund expected returns. We can calculate the autocorrelation of Profunds Ultrashort returns to help us make a trade decision. For example, suppose you find that Profunds Ultrashort 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 |
Profunds Ultrashort 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 Profunds Ultrashort mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Profunds Ultrashort mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Profunds Ultrashort mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Profunds Ultrashort Lagged Returns
When evaluating Profunds Ultrashort's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Profunds Ultrashort mutual fund have on its future price. Profunds Ultrashort 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, Profunds Ultrashort autocorrelation shows the relationship between Profunds Ultrashort mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Profunds Ultrashort Nasdaq 100.
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 Profunds Mutual Fund
Profunds Ultrashort financial ratios help investors to determine whether Profunds 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 Profunds with respect to the benefits of owning Profunds Ultrashort security.
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