Ultrashort Japan Profund Fund Market Value

UKPIX Fund  USD 42.35  0.82  1.90%   
Ultrashort Japan's market value is the price at which a share of Ultrashort Japan trades on a public exchange. It measures the collective expectations of Ultrashort Japan Profund investors about its performance. Ultrashort Japan is trading at 42.35 as of the 5th of December 2024; that is 1.9 percent down since the beginning of the trading day. The fund's open price was 43.17.
With this module, you can estimate the performance of a buy and hold strategy of Ultrashort Japan Profund and determine expected loss or profit from investing in Ultrashort Japan over a given investment horizon. Check out Ultrashort Japan Correlation, Ultrashort Japan Volatility and Ultrashort Japan Alpha and Beta module to complement your research on Ultrashort Japan.
Symbol

Please note, there is a significant difference between Ultrashort Japan's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ultrashort Japan is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ultrashort Japan's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Ultrashort Japan '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 Japan'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 Japan.
0.00
12/16/2022
No Change 0.00  0.0 
In 1 year 11 months and 21 days
12/05/2024
0.00
If you would invest  0.00  in Ultrashort Japan on December 16, 2022 and sell it all today you would earn a total of 0.00 from holding Ultrashort Japan Profund or generate 0.0% return on investment in Ultrashort Japan over 720 days. Ultrashort Japan is related to or competes with Short Real, Short Real, Ultrashort Mid, Technology Ultrasector, Technology Ultrasector, Large-cap Growth, and Profunds-large Cap. The fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns c... More

Ultrashort Japan 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 Japan'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 Japan Profund upside and downside potential and time the market with a certain degree of confidence.

Ultrashort Japan Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Ultrashort Japan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ultrashort Japan's standard deviation. In reality, there are many statistical measures that can use Ultrashort Japan historical prices to predict the future Ultrashort Japan's volatility.
Hype
Prediction
LowEstimatedHigh
39.2042.3545.50
Details
Intrinsic
Valuation
LowRealHigh
36.7839.9343.08
Details
Naive
Forecast
LowNextHigh
40.6343.7746.92
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
43.3144.4045.48
Details

Ultrashort Japan Profund Backtested Returns

Ultrashort Japan Profund owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.13, which indicates the fund had a -0.13% return per unit of risk over the last 3 months. Ultrashort Japan Profund exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Ultrashort Japan's Risk Adjusted Performance of 0.001, variance of 10.84, and Coefficient Of Variation of (10,927) to confirm the risk estimate we provide. The entity has a beta of 0.36, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Ultrashort Japan's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ultrashort Japan is expected to be smaller as well.

Auto-correlation

    
  0.61  

Good predictability

Ultrashort Japan Profund has good predictability. Overlapping area represents the amount of predictability between Ultrashort Japan time series from 16th of December 2022 to 11th of December 2023 and 11th of December 2023 to 5th 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 Japan Profund price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Ultrashort Japan price fluctuation can be explain by its past prices.
Correlation Coefficient0.61
Spearman Rank Test0.48
Residual Average0.0
Price Variance39.76

Ultrashort Japan Profund lagged returns against current returns

Autocorrelation, which is Ultrashort Japan 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 Japan's mutual fund expected returns. We can calculate the autocorrelation of Ultrashort Japan returns to help us make a trade decision. For example, suppose you find that Ultrashort Japan 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 Japan 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 Japan mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ultrashort Japan 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 Japan mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Ultrashort Japan Lagged Returns

When evaluating Ultrashort Japan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ultrashort Japan mutual fund have on its future price. Ultrashort Japan 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 Japan autocorrelation shows the relationship between Ultrashort Japan mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ultrashort Japan 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 Japan 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 Japan security.
Technical Analysis
Check basic technical indicators and analysis based on most latest market data
Latest Portfolios
Quick portfolio dashboard that showcases your latest portfolios
Theme Ratings
Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance
Pattern Recognition
Use different Pattern Recognition models to time the market across multiple global exchanges