Ultramid Cap Profund Ultramid Cap Fund Market Value
| UMPIX Fund | USD 63.63 1.57 2.41% |
| Symbol | Ultramid-cap |
Ultramid-cap 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 Ultramid-cap 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 Ultramid-cap Profund.
| 01/28/2025 |
| 02/27/2025 |
If you would invest 0.00 in Ultramid-cap Profund on January 28, 2025 and sell it all today you would earn a total of 0.00 from holding Ultramid Cap Profund Ultramid Cap or generate 0.0% return on investment in Ultramid-cap Profund over 30 days. Ultramid-cap Profund is related to or competes with Ab Municipal, Virtus Seix, Aig Government, Old Westbury, Intermediate-term, and Inverse Government. The fund invests in financial instruments that the fund Advisors believes, in combination, should produce daily returns ... More
Ultramid-cap 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 Ultramid-cap 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 Ultramid Cap Profund Ultramid Cap upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 11.05 | |||
| Value At Risk | (2.52) | |||
| Potential Upside | 2.9 |
Ultramid-cap Profund Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ultramid-cap Profund's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ultramid-cap Profund's standard deviation. In reality, there are many statistical measures that can use Ultramid-cap Profund historical prices to predict the future Ultramid-cap Profund's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | (0.09) |
Ultramid Cap Profund Backtested Returns
Ultramid Cap Profund owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.16, which indicates the fund had a -0.16 % return per unit of risk over the last 3 months. Ultramid Cap Profund Ultramid Cap exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Ultramid-cap Profund's Coefficient Of Variation of (1,540), risk adjusted performance of (0.04), and Variance of 3.57 to confirm the risk estimate we provide. The entity has a beta of 1.53, 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, Ultramid-cap Profund will likely underperform.
Auto-correlation | 0.36 |
Below average predictability
Ultramid Cap Profund Ultramid Cap has below average predictability. Overlapping area represents the amount of predictability between Ultramid-cap 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 Ultramid Cap Profund price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Ultramid-cap Profund price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 5.81 |
Ultramid Cap Profund lagged returns against current returns
Autocorrelation, which is Ultramid-cap 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 Ultramid-cap Profund's mutual fund expected returns. We can calculate the autocorrelation of Ultramid-cap Profund returns to help us make a trade decision. For example, suppose you find that Ultramid-cap 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 |
Ultramid-cap 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 Ultramid-cap Profund mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ultramid-cap 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 Ultramid-cap Profund mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Ultramid-cap Profund Lagged Returns
When evaluating Ultramid-cap Profund's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ultramid-cap Profund mutual fund have on its future price. Ultramid-cap 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, Ultramid-cap Profund autocorrelation shows the relationship between Ultramid-cap Profund mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ultramid Cap Profund Ultramid Cap.
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 Ultramid-cap Mutual Fund
Ultramid-cap Profund financial ratios help investors to determine whether Ultramid-cap 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 Ultramid-cap with respect to the benefits of owning Ultramid-cap Profund security.
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