Ultrabull Profund Ultrabull Fund Market Value
| ULPSX Fund | USD 98.63 3.27 3.21% |
| Symbol | Ultrabull |
Ultrabull Profund '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 Ultrabull Profund'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 Ultrabull Profund.
| 01/28/2025 |
| 02/27/2025 |
If you would invest 0.00 in Ultrabull Profund on January 28, 2025 and sell it all today you would earn a total of 0.00 from holding Ultrabull Profund Ultrabull or generate 0.0% return on investment in Ultrabull Profund over 30 days. Ultrabull Profund is related to or competes with Red Oak, Global Technology, Baron Select, Technology Ultrasector, T Rowe, Blackrock Science, and Firsthand Technology. The fund invests in financial instruments that the fund Advisors believes, in combination, should produce daily returns ... More
Ultrabull Profund 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 Ultrabull Profund'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 Ultrabull Profund Ultrabull upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 7.53 | |||
| Value At Risk | (3.09) | |||
| Potential Upside | 2.18 |
Ultrabull Profund Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ultrabull Profund's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ultrabull Profund's standard deviation. In reality, there are many statistical measures that can use Ultrabull Profund historical prices to predict the future Ultrabull Profund's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | (0.05) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ultrabull Profund'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.
Ultrabull Profund Backtested Returns
Ultrabull Profund owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0638, which indicates the fund had a -0.0638 % return per unit of risk over the last 3 months. Ultrabull Profund Ultrabull exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Ultrabull Profund's Coefficient Of Variation of (3,866), variance of 2.83, and Risk Adjusted Performance of (0.01) to confirm the risk estimate we provide. The entity has a beta of 1.15, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Ultrabull Profund will likely underperform.
Auto-correlation | -0.4 |
Poor reverse predictability
Ultrabull Profund Ultrabull has poor reverse predictability. Overlapping area represents the amount of predictability between Ultrabull Profund time series from 28th of January 2025 to 12th of February 2025 and 12th of February 2025 to 27th of February 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 Ultrabull Profund price movement. The serial correlation of -0.4 indicates that just about 40.0% of current Ultrabull Profund price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 9.89 |
Ultrabull Profund lagged returns against current returns
Autocorrelation, which is Ultrabull Profund 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 Ultrabull Profund's mutual fund expected returns. We can calculate the autocorrelation of Ultrabull Profund returns to help us make a trade decision. For example, suppose you find that Ultrabull Profund 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 |
Ultrabull Profund 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 Ultrabull Profund mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ultrabull Profund mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ultrabull Profund mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Ultrabull Profund Lagged Returns
When evaluating Ultrabull Profund's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ultrabull Profund mutual fund have on its future price. Ultrabull Profund 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, Ultrabull Profund autocorrelation shows the relationship between Ultrabull Profund mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ultrabull Profund Ultrabull.
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 Ultrabull Mutual Fund
Ultrabull Profund financial ratios help investors to determine whether Ultrabull 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 Ultrabull with respect to the benefits of owning Ultrabull Profund security.
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