Ultrashort Small Cap Profund Fund Market Value
| UCPSX Fund | USD 43.55 0.41 0.95% |
| Symbol | Ultrashort |
Ultrashort Small '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 Ultrashort Small'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 Ultrashort Small.
| 07/23/2024 |
| 12/20/2024 |
If you would invest 0.00 in Ultrashort Small on July 23, 2024 and sell it all today you would earn a total of 0.00 from holding Ultrashort Small Cap Profund or generate 0.0% return on investment in Ultrashort Small over 150 days. Ultrashort Small is related to or competes with Short Real, Short Real, Technology Ultrasector, Technology Ultrasector, Large Cap, and Profunds Large. The fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns c... More
Ultrashort Small 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 Ultrashort Small'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 Ultrashort Small Cap Profund upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 14.94 | |||
| Value At Risk | (3.75) | |||
| Potential Upside | 3.28 |
Ultrashort Small Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ultrashort Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ultrashort Small's standard deviation. In reality, there are many statistical measures that can use Ultrashort Small historical prices to predict the future Ultrashort Small's volatility.| Risk Adjusted Performance | 0.006 | |||
| Jensen Alpha | 0.0571 | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | 0.0045 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ultrashort Small'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.
Ultrashort Small Cap Backtested Returns
At this stage we consider Ultrashort Mutual Fund to be very steady. Ultrashort Small Cap owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0059, which indicates the fund had a 0.0059% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Ultrashort Small Cap Profund, which you can use to evaluate the volatility of the fund. Please validate Ultrashort Small's Coefficient Of Variation of (75,489), variance of 7.17, and Risk Adjusted Performance of 0.006 to confirm if the risk estimate we provide is consistent with the expected return of 0.0158%. The entity has a beta of -3.02, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Ultrashort Small are expected to decrease by larger amounts. On the other hand, during market turmoil, Ultrashort Small is expected to outperform it.
Auto-correlation | 0.29 |
Poor predictability
Ultrashort Small Cap Profund has poor predictability. Overlapping area represents the amount of predictability between Ultrashort Small time series from 23rd of July 2024 to 6th of October 2024 and 6th of October 2024 to 20th of December 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 Ultrashort Small Cap price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Ultrashort Small price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 9.71 |
Ultrashort Small Cap lagged returns against current returns
Autocorrelation, which is Ultrashort Small 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 Ultrashort Small's mutual fund expected returns. We can calculate the autocorrelation of Ultrashort Small returns to help us make a trade decision. For example, suppose you find that Ultrashort Small 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 |
Ultrashort Small 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 Ultrashort Small mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ultrashort Small mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ultrashort Small mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Ultrashort Small Lagged Returns
When evaluating Ultrashort Small's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ultrashort Small mutual fund have on its future price. Ultrashort Small 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, Ultrashort Small autocorrelation shows the relationship between Ultrashort Small mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ultrashort Small Cap 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 Ultrashort Mutual Fund
Ultrashort Small financial ratios help investors to determine whether Ultrashort 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 Ultrashort with respect to the benefits of owning Ultrashort Small security.
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