Ultraemerging Markets Profund Fund Market Value
| UUPIX Fund | USD 48.29 0.60 1.26% |
| Symbol | Ultraemerging |
Ultraemerging Markets '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 Ultraemerging Markets' 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 Ultraemerging Markets.
| 12/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Ultraemerging Markets on December 5, 2024 and sell it all today you would earn a total of 0.00 from holding Ultraemerging Markets Profund or generate 0.0% return on investment in Ultraemerging Markets over 30 days. Ultraemerging Markets is related to or competes with Ab Small, Ab Small, Glg Intl, Ancora/thelen Small-mid, Fisher Investments, Aston/crosswind Small, and Cardinal Small. The fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns c... More
Ultraemerging Markets 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 Ultraemerging Markets' 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 Ultraemerging Markets Profund upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 10.27 | |||
| Value At Risk | (4.75) | |||
| Potential Upside | 2.53 |
Ultraemerging Markets Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ultraemerging Markets' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ultraemerging Markets' standard deviation. In reality, there are many statistical measures that can use Ultraemerging Markets historical prices to predict the future Ultraemerging Markets' volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.42) | |||
| Total Risk Alpha | (0.45) | |||
| Treynor Ratio | (1.60) |
Ultraemerging Markets Backtested Returns
Ultraemerging Markets owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.19, which indicates the fund had a -0.19% return per unit of risk over the last 3 months. Ultraemerging Markets Profund exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Ultraemerging Markets' Variance of 4.82, coefficient of variation of (537.24), and Risk Adjusted Performance of (0.14) to confirm the risk estimate we provide. The entity has a beta of 0.26, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Ultraemerging Markets' returns are expected to increase less than the market. However, during the bear market, the loss of holding Ultraemerging Markets is expected to be smaller as well.
Auto-correlation | 0.56 |
Modest predictability
Ultraemerging Markets Profund has modest predictability. Overlapping area represents the amount of predictability between Ultraemerging Markets time series from 5th of December 2024 to 20th of December 2024 and 20th of December 2024 to 4th 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 Ultraemerging Markets price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Ultraemerging Markets price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 1.44 |
Ultraemerging Markets lagged returns against current returns
Autocorrelation, which is Ultraemerging Markets 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 Ultraemerging Markets' mutual fund expected returns. We can calculate the autocorrelation of Ultraemerging Markets returns to help us make a trade decision. For example, suppose you find that Ultraemerging Markets 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 |
Ultraemerging Markets 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 Ultraemerging Markets mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ultraemerging Markets mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ultraemerging Markets mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Ultraemerging Markets Lagged Returns
When evaluating Ultraemerging Markets' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ultraemerging Markets mutual fund have on its future price. Ultraemerging Markets 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, Ultraemerging Markets autocorrelation shows the relationship between Ultraemerging Markets mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ultraemerging Markets 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.| S | SentinelOne | |
| CRM | Salesforce | |
| MSFT | Microsoft |
Other Information on Investing in Ultraemerging Mutual Fund
Ultraemerging Markets financial ratios help investors to determine whether Ultraemerging 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 Ultraemerging with respect to the benefits of owning Ultraemerging Markets security.
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios |