Profunds Ultrashort Nasdaq 100 Fund Market Value
| USPIX Fund | USD 28.43 1.49 4.98% |
| Symbol | Profunds |
Profunds Ultrashort '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 Profunds Ultrashort'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 Profunds Ultrashort.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Profunds Ultrashort on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Profunds Ultrashort Nasdaq 100 or generate 0.0% return on investment in Profunds Ultrashort over 90 days. Profunds Ultrashort is related to or competes with Nuveen Nwq, Alternative Asset, Oppenheimer Global, Calvert Moderate, The Hartford, Franklin Moderate, and Upright Assets. The fund invests in financial instruments that the fund Advisors believes, in combination, should produce daily returns ... More
Profunds Ultrashort 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 Profunds Ultrashort'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 Profunds Ultrashort Nasdaq 100 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.42 | |||
| Information Ratio | 0.1448 | |||
| Maximum Drawdown | 11.85 | |||
| Value At Risk | (3.31) | |||
| Potential Upside | 5.62 |
Profunds Ultrashort Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Profunds Ultrashort's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Profunds Ultrashort's standard deviation. In reality, there are many statistical measures that can use Profunds Ultrashort historical prices to predict the future Profunds Ultrashort's volatility.| Risk Adjusted Performance | 0.1022 | |||
| Jensen Alpha | 0.0988 | |||
| Total Risk Alpha | 0.6474 | |||
| Sortino Ratio | 0.1677 | |||
| Treynor Ratio | (0.16) |
Profunds Ultrashort Backtested Returns
Profunds Ultrashort appears to be very steady, given 3 months investment horizon. Profunds Ultrashort maintains Sharpe Ratio (i.e., Efficiency) of 0.14, which implies the entity had a 0.14 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Profunds Ultrashort, which you can use to evaluate the volatility of the fund. Please evaluate Profunds Ultrashort's Semi Deviation of 2.2, coefficient of variation of 913.62, and Risk Adjusted Performance of 0.1022 to confirm if our risk estimates are consistent with your expectations. The fund holds a Beta of -1.81, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Profunds Ultrashort are expected to decrease by larger amounts. On the other hand, during market turmoil, Profunds Ultrashort is expected to outperform it.
Auto-correlation | -0.21 |
Weak reverse predictability
Profunds Ultrashort Nasdaq 100 has weak reverse predictability. Overlapping area represents the amount of predictability between Profunds Ultrashort time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 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 Profunds Ultrashort price movement. The serial correlation of -0.21 indicates that over 21.0% of current Profunds Ultrashort price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 4.8 |
Profunds Ultrashort lagged returns against current returns
Autocorrelation, which is Profunds Ultrashort 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 Profunds Ultrashort's mutual fund expected returns. We can calculate the autocorrelation of Profunds Ultrashort returns to help us make a trade decision. For example, suppose you find that Profunds Ultrashort 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 |
Profunds Ultrashort 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 Profunds Ultrashort mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Profunds Ultrashort mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Profunds Ultrashort mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Profunds Ultrashort Lagged Returns
When evaluating Profunds Ultrashort's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Profunds Ultrashort mutual fund have on its future price. Profunds Ultrashort 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, Profunds Ultrashort autocorrelation shows the relationship between Profunds Ultrashort mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Profunds Ultrashort Nasdaq 100.
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 Profunds Mutual Fund
Profunds Ultrashort financial ratios help investors to determine whether Profunds 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 Profunds with respect to the benefits of owning Profunds Ultrashort security.
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