Profunds Short Bitcoin Fund Analysis
| BITIX Fund | USD 28.10 1.13 4.19% |
Profunds Short Bitcoin is fairly valued with Real Value of 27.65 and Hype Value of 28.1. The main objective of Profunds Short fund analysis is to determine its intrinsic value, which is an estimate of what Profunds Short Bitcoin is worth, separate from its market price. There are two main types of Profunds Mutual Fund analysis: fundamental analysis and technical analysis. Fundamental analysis focuses on the financial and economic stability of Profunds Short Bitcoin. On the other hand, technical analysis, focuses on the price and volume data of Profunds Mutual Fund to identify patterns and trends that may indicate its future price movements.
The Profunds Short mutual fund is traded in the USA on NMFQS Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in the USA.
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Profunds Mutual Fund Analysis Notes
It is possible that Profunds Short Bitcoin fund was delisted, renamed or otherwise removed from the exchange. For more info on Profunds Short Bitcoin please contact the company at 888-776-3637.Profunds Short Bitcoin Investment Alerts
| Profunds Short generated a negative expected return over the last 90 days | |
| Profunds Short has high historical volatility and very poor performance |
Technical Drivers
As of the 22nd of December, Profunds Short holds the Coefficient Of Variation of (527.53), variance of 11.69, and Risk Adjusted Performance of (0.14). Profunds Short Bitcoin technical analysis gives you tools to exploit past prices in attempt to determine a pattern that determines the direction of the fund's future prices.Profunds Short Bitcoin Price Movement Analysis
The output start index for this execution was nineteen with a total number of output elements of fourty-two. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Profunds Short middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Profunds Short Bitcoin. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.
Profunds Short Predictive Daily Indicators
Profunds Short intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Profunds Short mutual fund daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.04 | |||
| Day Median Price | 28.1 | |||
| Day Typical Price | 28.1 | |||
| Price Action Indicator | 0.57 | |||
| Period Momentum Indicator | 1.13 | |||
| Relative Strength Index | 31.26 |
Profunds Short Forecast Models
Profunds Short's time-series forecasting models are one of many Profunds Short's mutual fund analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Profunds Short's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.About Profunds Mutual Fund Analysis
Mutual Fund analysis is the technique used by a trader or investor to examine and evaluate how Profunds Short prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Profunds shares will generate the highest return on investment. We also built our fund analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Fund such as Profunds Short. By using and applying Profunds Mutual Fund analysis, traders can create a robust methodology for identifying Profunds entry and exit points for their positions.
The index is designed to measure the performance of a single bitcoin traded in USD and seeks to provide a proxy for the bitcoin market. The index price is a composite of U.S. dollar-bitcoin trading activities reported by certain digital asset trading platforms that are evaluated based on a variety of different criteria, including the trading platforms oversight and governance controls, liquidity, capital controls, data transparency and data integrity. The fund is non-diversified.
Be your own money manager
As an investor, your ultimate goal is to build wealth. Optimizing your investment portfolio is an essential element in this goal. Using our mutual fund analysis tools, you can find out how much better you can do when adding Profunds Short to your portfolios without increasing risk or reducing expected return.Did you try this?
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Theme RatingsDetermine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance |
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Other Information on Investing in Profunds Mutual Fund
Profunds Short 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 Short security.
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