Ultrashort China Profund Fund Market Value
| UHPSX Fund | USD 3.55 0.01 0.28% |
| Symbol | ULTRASHORT |
Ultrashort China '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 China'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 China.
| 12/25/2024 |
| 01/24/2025 |
If you would invest 0.00 in Ultrashort China on December 25, 2024 and sell it all today you would earn a total of 0.00 from holding Ultrashort China Profund or generate 0.0% return on investment in Ultrashort China over 30 days. Ultrashort China is related to or competes with Mesirow Financial, Gmo High, Artisan High, Ab High, Prudential High, Msift High, and Ab High. The fund invests in financial instruments that the fund Advisors believes, in combination, should produce daily returns ... More
Ultrashort China 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 China'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 China Profund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.68 | |||
| Information Ratio | 0.0547 | |||
| Maximum Drawdown | 28.23 | |||
| Value At Risk | (6.86) | |||
| Potential Upside | 7.32 |
Ultrashort China Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ultrashort China's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ultrashort China's standard deviation. In reality, there are many statistical measures that can use Ultrashort China historical prices to predict the future Ultrashort China's volatility.| Risk Adjusted Performance | 0.064 | |||
| Jensen Alpha | 0.3106 | |||
| Total Risk Alpha | 0.0815 | |||
| Sortino Ratio | 0.0508 | |||
| Treynor Ratio | (0.30) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ultrashort China'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 China Profund Backtested Returns
Ultrashort China appears to be risky, given 3 months investment horizon. Ultrashort China Profund owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0832, which indicates the fund had a 0.0832 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Ultrashort China Profund, which you can use to evaluate the volatility of the fund. Please review Ultrashort China's Semi Deviation of 4.36, coefficient of variation of 1520.74, and Risk Adjusted Performance of 0.064 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of -0.91, which indicates possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Ultrashort China are expected to decrease slowly. On the other hand, during market turmoil, Ultrashort China is expected to outperform it slightly.
Auto-correlation | -0.7 |
Very good reverse predictability
Ultrashort China Profund has very good reverse predictability. Overlapping area represents the amount of predictability between Ultrashort China time series from 25th of December 2024 to 9th of January 2025 and 9th of January 2025 to 24th of January 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 Ultrashort China Profund price movement. The serial correlation of -0.7 indicates that around 70.0% of current Ultrashort China price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Ultrashort China Profund lagged returns against current returns
Autocorrelation, which is Ultrashort China 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 China's mutual fund expected returns. We can calculate the autocorrelation of Ultrashort China returns to help us make a trade decision. For example, suppose you find that Ultrashort China 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 China 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 China mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ultrashort China 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 China mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Ultrashort China Lagged Returns
When evaluating Ultrashort China's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ultrashort China mutual fund have on its future price. Ultrashort China 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 China autocorrelation shows the relationship between Ultrashort China mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ultrashort China 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 China 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 China security.
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. |