ProFunds UltraSector Backtesting

ProFunds UltraSector Mobile Telecom Inv -- USA Fund  

USD 63.27  1.14  1.83%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of ProFunds UltraSector Mobile Telecom Inv and determine expected loss or profit from investing in ProFunds UltraSector over given investment horizon. See also ProFunds UltraSector Hype Analysis, ProFunds UltraSector Correlation, Portfolio Optimization, ProFunds UltraSector Volatility as well as analyze ProFunds UltraSector Alpha and Beta and ProFunds UltraSector Performance
 Time Horizon     30 Days    Login   to change

ProFunds UltraSector 'What if' Analysis

February 22, 2018
No Change 0.00  0.0%
In 31 days
March 24, 2018
If you would invest  0.00  in ProFunds UltraSector on February 22, 2018 and sell it all today you would earn a total of 0.00 from holding ProFunds UltraSector Mobile Telecom Inv or generate 0.0% return on investment in ProFunds UltraSector over 30 days. ProFunds UltraSector is related to or competes with Rydex NASDAQ, ProFunds Semiconductor, ProFunds UltraBull, Direxion Mthly, ProFunds Bull, and ProFunds Bull. The investment seeks daily investment results, before fees and expenses, that correspond to one and one-half times the d...

ProFunds UltraSector Upside/Downside Indicators


ProFunds UltraSector Market Premium Indicators

ProFunds UltraSector lagged returns against current returns

 Current and Lagged Values 

ProFunds UltraSector regressed lagged prices vs. current prices

 Current vs Lagged Prices 

ProFunds UltraSector Backtested Returns

Macroaxis considers ProFunds UltraSector not too risky given 1 month investment horizon. ProFunds UltraSector maintains Sharpe Ratio (i.e. Efficiency) of 0.1564 which implies ProFunds UltraSector had 0.1564% of return per unit of risk over the last 1 month. Our philosophy towards forecasting volatility of a fund is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for ProFunds UltraSector which you can use to evaluate future volatility of the fund. Please employ ProFunds UltraSector Coefficient Of Variation of 3,214 and Risk Adjusted Performance of 0.063178 to confirm if our risk estimates are consistent with your expectations. The fund holds Beta of -0.0233 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.. Although it is vital to follow to ProFunds UltraSector current trending patterns, it is good to be conservative about what you can actually do with the information regarding equity existing price patterns. The philosophy towards forecasting future performance of any fund is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By analyzing ProFunds UltraSector technical indicators you can presently evaluate if the expected return of 0.2529% will be sustainable into the future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.69) 

Very good reverse predictability

ProFunds UltraSector Mobile Telecom Inv has very good reverse predictability. Overlapping area represents the amount of predictability between ProFunds UltraSector time series from February 22, 2018 to March 9, 2018 and March 9, 2018 to March 24, 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 -0.69 indicates that around 69.0% 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.
Correlation Coefficient -0.69
Spearman Rank Test -0.65
Price Variance 1.03
Lagged Price Variance 7.74

ProFunds UltraSector Lagged Returns

 Regressed Prices 

ProFunds UltraSector Performance vs DOW

The median price of ProFunds UltraSector for the period between Thu, Feb 22, 2018 and Sat, Mar 24, 2018 is 0.0 with a coefficient of variation of 149.83. The daily time series for the period is distributed with a sample standard deviation of 31.66, arithmetic mean of 21.13, and mean deviation of 28.82. The Fund did not receive any noticable media coverage during the period.
 Price Growth (%)