Macroaxis considers ProFunds UltraSector to be not too risky. ProFunds UltraSector
maintains Sharpe Ratio (i.e. Efficiency) of -0.0529 which implies ProFunds UltraSector
had -0.0529% of return per unit of risk over the last 1 month. Macroaxis philosophy towards forecasting risk of any fund is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators
. ProFunds UltraSector exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to check ProFunds UltraSector Coefficient Of Variation
of 1,512 and Risk Adjusted Performance of 0.07 to confirm risk estimate we provide. The fund holds Beta of -0.0509 which implies as returns on market increase, returns on owning ProFunds UltraSector are expected to decrease at a much smaller rate. During bear market, ProFunds UltraSector is likely to outperform the market.. Even though it is essential to pay attention to ProFunds UltraSector current trending patterns, it is always good to be careful when utilizing equity existing price patterns. Macroaxis philosophy towards forecasting future performance of any fund is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. ProFunds UltraSector exposes twenty-one different technical indicators which can help you to evaluate its performance.
|15 days auto-correlation||(0.18) |
Insignificant reverse predictability
ProFunds UltraSector Mobile Telecom Inv has insignificant reverse predictability. Overlapping area represents the amount of predictability between ProFunds UltraSector time series from September 17, 2018 to October 2, 2018 and October 2, 2018 to October 17, 2018. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of ProFunds UltraSector price movement. The serial correlation of -0.18 indicates that over 18.0% of current ProFunds UltraSector price fluctuation can be explain by its past prices. Given that ProFunds UltraSector Mobile Telecom Inv has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of ProFunds UltraSector for similar time interval.
|Spearman Rank Test||-0.15|