Utilities Ultrasector Profund Fund Market Value
| UTPSX Fund | USD 65.44 0.26 0.40% |
| 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.
| 02/11/2025 |
| 03/13/2025 |
If you would invest 0.00 in Utilities Ultrasector on February 11, 2025 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 Rational Dividend, Arrow Managed, and Iaadx. The fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns c... 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 | 0.0649 | |||
| Maximum Drawdown | 7.39 | |||
| Value At Risk | (3.38) | |||
| Potential Upside | 2.86 |
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 | 0.0016 | |||
| Jensen Alpha | 0.0539 | |||
| Total Risk Alpha | 0.2404 | |||
| Treynor Ratio | (0.03) |
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 close to zero, which indicates the fund had a close to zero % return per unit of risk over the last 3 months. Utilities Ultrasector Profund exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Utilities Ultrasector's Variance of 2.86, coefficient of variation of (23,714), and Risk Adjusted Performance of 0.0016 to confirm the risk estimate we provide. The entity has a beta of 0.56, 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 | -0.7 |
Very good reverse predictability
Utilities Ultrasector Profund has very good reverse predictability. Overlapping area represents the amount of predictability between Utilities Ultrasector time series from 11th of February 2025 to 26th of February 2025 and 26th of February 2025 to 13th 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 Utilities Ultrasector price movement. The serial correlation of -0.7 indicates that around 70.0% of current Utilities Ultrasector price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 1.99 |
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 |
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 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.
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