Banks Ultrasector Profund Fund Market Value
BKPIX Fund | USD 56.66 1.35 2.33% |
Symbol | BANKS |
Banks Ultrasector '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 Banks Ultrasector'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 Banks Ultrasector.
10/14/2023 |
| 03/07/2025 |
If you would invest 0.00 in Banks Ultrasector on October 14, 2023 and sell it all today you would earn a total of 0.00 from holding Banks Ultrasector Profund or generate 0.0% return on investment in Banks Ultrasector over 510 days. Banks Ultrasector is related to or competes with Vy(r) Clarion, Aew Real, Short Real, and Voya Real. The investment seeks daily investment results, before fees and expenses, that correspond to one and one-half times the d... More
Banks Ultrasector 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 Banks Ultrasector'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 Banks Ultrasector Profund upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | (0.08) | |||
Maximum Drawdown | 10.44 | |||
Value At Risk | (3.36) | |||
Potential Upside | 2.4 |
Banks Ultrasector Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Banks Ultrasector's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Banks Ultrasector's standard deviation. In reality, there are many statistical measures that can use Banks Ultrasector historical prices to predict the future Banks Ultrasector's volatility.Risk Adjusted Performance | (0.09) | |||
Jensen Alpha | (0.19) | |||
Total Risk Alpha | (0.03) | |||
Treynor Ratio | (0.31) |
Banks Ultrasector Profund Backtested Returns
Banks Ultrasector Profund secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the fund had a -0.12 % return per unit of risk over the last 3 months. Banks Ultrasector Profund exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Banks Ultrasector's Mean Deviation of 1.58, risk adjusted performance of (0.09), and Standard Deviation of 2.14 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.87, which signifies possible diversification benefits within a given portfolio. Banks Ultrasector returns are very sensitive to returns on the market. As the market goes up or down, Banks Ultrasector is expected to follow.
Auto-correlation | 0.63 |
Good predictability
Banks Ultrasector Profund has good predictability. Overlapping area represents the amount of predictability between Banks Ultrasector time series from 14th of October 2023 to 25th of June 2024 and 25th of June 2024 to 7th of March 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 Banks Ultrasector Profund price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Banks Ultrasector price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.63 | |
Spearman Rank Test | 0.42 | |
Residual Average | 0.0 | |
Price Variance | 39.54 |
Banks Ultrasector Profund lagged returns against current returns
Autocorrelation, which is Banks Ultrasector 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 Banks Ultrasector's mutual fund expected returns. We can calculate the autocorrelation of Banks Ultrasector returns to help us make a trade decision. For example, suppose you find that Banks Ultrasector 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 |
Banks Ultrasector 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 Banks Ultrasector mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Banks Ultrasector mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Banks Ultrasector mutual fund over time.
Current vs Lagged Prices |
Timeline |
Banks Ultrasector Lagged Returns
When evaluating Banks Ultrasector's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Banks Ultrasector mutual fund have on its future price. Banks Ultrasector 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, Banks Ultrasector autocorrelation shows the relationship between Banks Ultrasector mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Banks Ultrasector Profund.
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 BANKS Mutual Fund
Banks Ultrasector financial ratios help investors to determine whether BANKS 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 BANKS with respect to the benefits of owning Banks Ultrasector security.
Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. |