Ultra Small Pany Market Fund Market Value
| BRSIX Fund | USD 13.00 0.10 0.76% |
| Symbol | Ultra |
Ultra Small '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 Ultra Small'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 Ultra Small.
| 11/29/2024 |
| 12/29/2024 |
If you would invest 0.00 in Ultra Small on November 29, 2024 and sell it all today you would earn a total of 0.00 from holding Ultra Small Pany Market or generate 0.0% return on investment in Ultra Small over 30 days. Ultra Small is related to or competes with Aggressive Investors, and Omni Small. The fund invests at least 80 percent of its net assets in ultra-small company stocks based on company size at the time o... More
Ultra Small 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 Ultra Small'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 Ultra Small Pany Market upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.49 | |||
| Information Ratio | 0.1149 | |||
| Maximum Drawdown | 9.6 | |||
| Value At Risk | (2.13) | |||
| Potential Upside | 2.36 |
Ultra Small Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ultra Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ultra Small's standard deviation. In reality, there are many statistical measures that can use Ultra Small historical prices to predict the future Ultra Small's volatility.| Risk Adjusted Performance | 0.1138 | |||
| Jensen Alpha | 0.1829 | |||
| Total Risk Alpha | 0.1485 | |||
| Sortino Ratio | 0.1121 | |||
| Treynor Ratio | 0.6942 |
Ultra Small Pany Backtested Returns
At this stage we consider Ultra Mutual Fund to be not too volatile. Ultra Small Pany owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the fund had a 0.12% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Ultra Small Pany Market, which you can use to evaluate the volatility of the fund. Please validate Ultra Small's Semi Deviation of 1.2, coefficient of variation of 729.57, and Risk Adjusted Performance of 0.1138 to confirm if the risk estimate we provide is consistent with the expected return of 0.17%. The entity has a beta of 0.27, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Ultra Small's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ultra Small is expected to be smaller as well.
Auto-correlation | 0.14 |
Insignificant predictability
Ultra Small Pany Market has insignificant predictability. Overlapping area represents the amount of predictability between Ultra Small time series from 29th of November 2024 to 14th of December 2024 and 14th of December 2024 to 29th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Ultra Small Pany price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Ultra Small price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Ultra Small Pany lagged returns against current returns
Autocorrelation, which is Ultra Small 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 Ultra Small's mutual fund expected returns. We can calculate the autocorrelation of Ultra Small returns to help us make a trade decision. For example, suppose you find that Ultra Small 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 |
Ultra Small 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 Ultra Small mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ultra Small mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ultra Small mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Ultra Small Lagged Returns
When evaluating Ultra Small's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ultra Small mutual fund have on its future price. Ultra Small 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, Ultra Small autocorrelation shows the relationship between Ultra Small mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ultra Small Pany Market.
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 Ultra Mutual Fund
Ultra Small financial ratios help investors to determine whether Ultra 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 Ultra with respect to the benefits of owning Ultra Small security.
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