Ultrashort International Profund Fund Market Value
| UXPIX Fund | USD 18.66 0.08 0.43% |
| Symbol | Ultrashort |
Ultrashort International '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 Ultrashort International'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 Ultrashort International.
| 10/01/2024 |
| 12/30/2024 |
If you would invest 0.00 in Ultrashort International on October 1, 2024 and sell it all today you would earn a total of 0.00 from holding Ultrashort International Profund or generate 0.0% return on investment in Ultrashort International over 90 days. Ultrashort International is related to or competes with Touchstone Small, Tax-managed, Artisan Small, Kinetics Small, Ab Small, and Cardinal Small. The investment seeks daily investment results, before fees and expenses, that correspond to two times the inverse of the... More
Ultrashort International 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 Ultrashort International'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 Ultrashort International Profund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.26 | |||
| Information Ratio | 0.1603 | |||
| Maximum Drawdown | 6.82 | |||
| Value At Risk | (1.51) | |||
| Potential Upside | 3.04 |
Ultrashort International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ultrashort International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ultrashort International's standard deviation. In reality, there are many statistical measures that can use Ultrashort International historical prices to predict the future Ultrashort International's volatility.| Risk Adjusted Performance | 0.1497 | |||
| Jensen Alpha | 0.2714 | |||
| Total Risk Alpha | 0.2188 | |||
| Sortino Ratio | 0.1888 | |||
| Treynor Ratio | (0.51) |
Ultrashort International Backtested Returns
Ultrashort International appears to be very steady, given 3 months investment horizon. Ultrashort International owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.18, which indicates the fund had a 0.18% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Ultrashort International Profund, which you can use to evaluate the volatility of the fund. Please review Ultrashort International's Coefficient Of Variation of 549.51, semi deviation of 0.9445, and Risk Adjusted Performance of 0.1497 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of -0.51, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Ultrashort International are expected to decrease at a much lower rate. During the bear market, Ultrashort International is likely to outperform the market.
Auto-correlation | 0.19 |
Very weak predictability
Ultrashort International Profund has very weak predictability. Overlapping area represents the amount of predictability between Ultrashort International time series from 1st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Ultrashort International price movement. The serial correlation of 0.19 indicates that over 19.0% of current Ultrashort International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.28 |
Ultrashort International lagged returns against current returns
Autocorrelation, which is Ultrashort International 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 Ultrashort International's mutual fund expected returns. We can calculate the autocorrelation of Ultrashort International returns to help us make a trade decision. For example, suppose you find that Ultrashort International 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 |
Ultrashort International 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 Ultrashort International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ultrashort International mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ultrashort International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Ultrashort International Lagged Returns
When evaluating Ultrashort International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ultrashort International mutual fund have on its future price. Ultrashort International 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, Ultrashort International autocorrelation shows the relationship between Ultrashort International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ultrashort International 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 Ultrashort Mutual Fund
Ultrashort International financial ratios help investors to determine whether Ultrashort 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 Ultrashort with respect to the benefits of owning Ultrashort International security.
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