Utilities Ultrasector Profund Fund Market Value
| UTPSX Fund | USD 64.77 1.08 1.64% |
| Symbol | Utilities |
Utilities Ultrasector '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 Utilities Ultrasector'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 Utilities Ultrasector.
| 12/07/2024 |
| 01/06/2025 |
If you would invest 0.00 in Utilities Ultrasector on December 7, 2024 and sell it all today you would earn a total of 0.00 from holding Utilities Ultrasector Profund or generate 0.0% return on investment in Utilities Ultrasector over 30 days. Utilities Ultrasector is related to or competes with Short Real, Short Real, Ultrashort Mid-cap, Ultrashort Mid-cap, Technology Ultrasector, Technology Ultrasector, and Large Cap. The fund invests in financial instruments that the fund Advisors believes, in combination, should produce daily returns ... More
Utilities Ultrasector 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 Utilities Ultrasector'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 Utilities Ultrasector Profund upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 6.63 | |||
| Value At Risk | (3.24) | |||
| Potential Upside | 2.64 |
Utilities Ultrasector Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Utilities Ultrasector's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Utilities Ultrasector's standard deviation. In reality, there are many statistical measures that can use Utilities Ultrasector historical prices to predict the future Utilities Ultrasector's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | (0.27) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Utilities Ultrasector'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.
Utilities Ultrasector Backtested Returns
Utilities Ultrasector owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.044, which indicates the fund had a -0.044% return per unit of risk over the last 3 months. Utilities Ultrasector Profund exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Utilities Ultrasector's Risk Adjusted Performance of (0.06), variance of 2.45, and Coefficient Of Variation of (1,304) to confirm the risk estimate we provide. The entity has a beta of 0.48, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Utilities Ultrasector's returns are expected to increase less than the market. However, during the bear market, the loss of holding Utilities Ultrasector is expected to be smaller as well.
Auto-correlation | -0.4 |
Poor reverse predictability
Utilities Ultrasector Profund has poor reverse predictability. Overlapping area represents the amount of predictability between Utilities Ultrasector time series from 7th of December 2024 to 22nd of December 2024 and 22nd of December 2024 to 6th 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 Utilities Ultrasector price movement. The serial correlation of -0.4 indicates that just about 40.0% of current Utilities Ultrasector price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.23 |
Utilities Ultrasector lagged returns against current returns
Autocorrelation, which is Utilities Ultrasector 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 Utilities Ultrasector's mutual fund expected returns. We can calculate the autocorrelation of Utilities Ultrasector returns to help us make a trade decision. For example, suppose you find that Utilities Ultrasector 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 |
Utilities Ultrasector 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 Utilities Ultrasector mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Utilities Ultrasector mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Utilities Ultrasector mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Utilities Ultrasector Lagged Returns
When evaluating Utilities Ultrasector's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Utilities Ultrasector mutual fund have on its future price. Utilities Ultrasector 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, Utilities Ultrasector autocorrelation shows the relationship between Utilities Ultrasector mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Utilities Ultrasector Profund.
Regressed Prices |
| Timeline |
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Other Information on Investing in Utilities Mutual Fund
Utilities Ultrasector financial ratios help investors to determine whether Utilities 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 Utilities with respect to the benefits of owning Utilities Ultrasector security.
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing |