Mid Cap Value Profund Fund Market Value
| MLPIX Fund | USD 101.65 0.90 0.89% |
| Symbol | Mid-cap |
Mid-cap Value '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 Value'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 Value.
| 05/04/2022 |
| 04/23/2024 |
If you would invest 0.00 in Mid-cap Value on May 4, 2022 and sell it all today you would earn a total of 0.00 from holding Mid Cap Value Profund or generate 0.0% return on investment in Mid-cap Value over 720 days. Mid-cap Value is related to or competes with Short Real, Short Real, Ultrashort Mid, Ultrashort Mid-cap, Technology Ultrasector, Technology Ultrasector, and Large Cap. The fund invests in financial instruments that the fund Advisors believes, in combination, should track the performance ... More
Mid-cap Value 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 Value'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 Value Profund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.17 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 4.6 | |||
| Value At Risk | (1.63) | |||
| Potential Upside | 1.24 |
Mid-cap Value Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mid-cap Value's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mid-cap Value's standard deviation. In reality, there are many statistical measures that can use Mid-cap Value historical prices to predict the future Mid-cap Value's volatility.| Risk Adjusted Performance | 0.0179 | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0088 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mid-cap Value'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.
Mid Cap Value Backtested Returns
Mid Cap Value has Sharpe Ratio of -0.0074, which conveys that the entity had a -0.0074% return per unit of risk over the last 3 months. Mid-cap Value exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mid-cap Value's Mean Deviation of 0.7074, risk adjusted performance of 0.0179, and Downside Deviation of 1.17 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 1.37, 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 Value will likely underperform.
Auto-correlation | 0.37 |
Below average predictability
Mid Cap Value Profund has below average predictability. Overlapping area represents the amount of predictability between Mid-cap Value time series from 4th of May 2022 to 29th of April 2023 and 29th of April 2023 to 23rd of April 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 Value price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Mid-cap Value price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 29.9 |
Mid Cap Value lagged returns against current returns
Autocorrelation, which is Mid-cap Value 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 Value's mutual fund expected returns. We can calculate the autocorrelation of Mid-cap Value returns to help us make a trade decision. For example, suppose you find that Mid-cap Value 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 Value 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 Value mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mid-cap Value 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 Value mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mid-cap Value Lagged Returns
When evaluating Mid-cap Value's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mid-cap Value mutual fund have on its future price. Mid-cap Value 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 Value autocorrelation shows the relationship between Mid-cap Value mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mid Cap Value Profund.
Regressed Prices |
| Timeline |
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Mid-cap Value technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.