Mid Cap Profund Mid Cap Fund Market Value
| MDPIX Fund | USD 135.00 0.27 0.20% |
| Symbol | Mid-cap |
Mid-cap Profund '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 Mid-cap Profund'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 Mid-cap Profund.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Mid-cap Profund on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Mid Cap Profund Mid Cap or generate 0.0% return on investment in Mid-cap Profund over 360 days. Mid-cap Profund is related to or competes with Short Real, Short Real, Ultrashort Mid-cap, Ultrashort Mid, Technology Ultrasector, Technology Ultrasector, and Large-cap Growth. The fund invests in financial instruments that the fund Advisors believes, in combination, should track the performance ... More
Mid-cap Profund 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 Mid-cap Profund'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 Mid Cap Profund Mid Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8894 | |||
| Information Ratio | 0.0138 | |||
| Maximum Drawdown | 5.21 | |||
| Value At Risk | (1.20) | |||
| Potential Upside | 1.72 |
Mid-cap Profund Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mid-cap Profund's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mid-cap Profund's standard deviation. In reality, there are many statistical measures that can use Mid-cap Profund historical prices to predict the future Mid-cap Profund's volatility.| Risk Adjusted Performance | 0.1061 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0158 | |||
| Treynor Ratio | 0.1097 |
Mid Cap Profund Backtested Returns
At this stage we consider Mid-cap Mutual Fund to be very steady. Mid Cap Profund has Sharpe Ratio of 0.18, which conveys that the entity had a 0.18% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Mid-cap Profund, which you can use to evaluate the volatility of the fund. Please verify Mid-cap Profund's Mean Deviation of 0.7095, downside deviation of 0.8894, and Risk Adjusted Performance of 0.1061 to check out if the risk estimate we provide is consistent with the expected return of 0.18%. The fund secures a Beta (Market Risk) of 1.17, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Mid-cap Profund will likely underperform.
Auto-correlation | 0.63 |
Good predictability
Mid Cap Profund Mid Cap has good predictability. Overlapping area represents the amount of predictability between Mid-cap Profund time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd 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 Mid Cap Profund price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Mid-cap Profund price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 23.71 |
Mid Cap Profund lagged returns against current returns
Autocorrelation, which is Mid-cap Profund 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 Mid-cap Profund's mutual fund expected returns. We can calculate the autocorrelation of Mid-cap Profund returns to help us make a trade decision. For example, suppose you find that Mid-cap Profund 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 |
Mid-cap Profund 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 Mid-cap Profund mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mid-cap Profund mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mid-cap Profund mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mid-cap Profund Lagged Returns
When evaluating Mid-cap Profund's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mid-cap Profund mutual fund have on its future price. Mid-cap Profund 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, Mid-cap Profund autocorrelation shows the relationship between Mid-cap Profund mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mid Cap Profund Mid Cap.
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 Mid-cap Mutual Fund
Mid-cap Profund financial ratios help investors to determine whether Mid-cap 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 Mid-cap with respect to the benefits of owning Mid-cap Profund security.
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