Ultralatin America Profund Fund Market Value
| UBPSX Fund | USD 12.79 0.24 1.84% |
| Symbol | Ultralatin |
Ultralatin America '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 Ultralatin America'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 Ultralatin America.
| 12/26/2022 |
| 12/15/2024 |
If you would invest 0.00 in Ultralatin America on December 26, 2022 and sell it all today you would earn a total of 0.00 from holding Ultralatin America Profund or generate 0.0% return on investment in Ultralatin America over 720 days. Ultralatin America is related to or competes with Artisan High, Jpmorgan High, Guggenheim High, Janus High, Blackrock High, and Fidelity Capital. The fund invests in financial instruments that the fund Advisors believes, in combination, should produce daily returns ... More
Ultralatin America 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 Ultralatin America'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 Ultralatin America Profund upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 8.63 | |||
| Value At Risk | (3.51) | |||
| Potential Upside | 3.48 |
Ultralatin America Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ultralatin America's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ultralatin America's standard deviation. In reality, there are many statistical measures that can use Ultralatin America historical prices to predict the future Ultralatin America's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | (0.38) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ultralatin America'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.
Ultralatin America Backtested Returns
Ultralatin America 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. Ultralatin America Profund exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Ultralatin America's Coefficient Of Variation of (1,083), risk adjusted performance of (0.06), and Variance of 4.37 to confirm the risk estimate we provide. The entity has a beta of 0.53, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Ultralatin America's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ultralatin America is expected to be smaller as well.
Auto-correlation | -0.69 |
Very good reverse predictability
Ultralatin America Profund has very good reverse predictability. Overlapping area represents the amount of predictability between Ultralatin America time series from 26th of December 2022 to 21st of December 2023 and 21st of December 2023 to 15th 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 Ultralatin America price movement. The serial correlation of -0.69 indicates that around 69.0% of current Ultralatin America price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 3.71 |
Ultralatin America lagged returns against current returns
Autocorrelation, which is Ultralatin America 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 Ultralatin America's mutual fund expected returns. We can calculate the autocorrelation of Ultralatin America returns to help us make a trade decision. For example, suppose you find that Ultralatin America 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 |
Ultralatin America 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 Ultralatin America mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ultralatin America mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ultralatin America mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Ultralatin America Lagged Returns
When evaluating Ultralatin America's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ultralatin America mutual fund have on its future price. Ultralatin America 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, Ultralatin America autocorrelation shows the relationship between Ultralatin America mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ultralatin America 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 Ultralatin Mutual Fund
Ultralatin America financial ratios help investors to determine whether Ultralatin 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 Ultralatin with respect to the benefits of owning Ultralatin America security.
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