ProFunds UltraSector Backtesting

WCPIX -- USA Fund  

USD 77.83  0.000002  0.00%

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.
Horizon     30 Days    Login   to change
SymbolX
Backtest

ProFunds UltraSector 'What if' Analysis

September 17, 2018
0.00
No Change 0.00  0.0%
In 31 days
October 17, 2018
0.00
If you would invest  0.00  in ProFunds UltraSector on September 17, 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 ProFunds UltraNASDAQ, ProFunds UltraNASDAQ, Rydex NASDAQ, Rydex NASDAQ, Rydex NASDAQ, Rydex Nova, and ProFunds Internet. 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

Information Ratio0.038926
Maximum Drawdown8.19
Value At Risk4.02
Potential Upside1.66
  

ProFunds UltraSector Market Premium Indicators

Risk Adjusted Performance0.07
Jensen Alpha0.14
Total Risk Alpha0.024556
Treynor Ratio2.75

ProFunds UltraSector Backtested Returns

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.
Advice Volatility Trend Exposure Correlations
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.
Correlation Coefficient-0.18
Spearman Rank Test-0.15
Residual Average0.0
Price Variance1.42

ProFunds UltraSector lagged returns against current returns

 Current and Lagged Values 
      Timeline 

ProFunds UltraSector regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

ProFunds UltraSector Lagged Returns

 Regressed Prices 
      Timeline 

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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. Please also try Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
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