ProFunds UltraSector Backtesting

WCPIX -- USA Fund  

USD 73.09  0.30  0.41%

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

June 17, 2018
No Change 0.00  0.0%
In 31 days
July 17, 2018
If you would invest  0.00  in ProFunds UltraSector on June 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, Rydex NASDAQ, Rydex Nova, ProFunds Internet, Rydex SP, Direxion Mthly, and TECHNOLOGY ULTRAS. 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 Ratio0.2424
Maximum Drawdown5.6
Value At Risk1.22
Potential Upside3.98

ProFunds UltraSector Market Premium Indicators

Risk Adjusted Performance0.2039
Jensen Alpha0.4576
Total Risk Alpha0.1835
Treynor Ratio1.4

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 0.3545 which implies ProFunds UltraSector had 0.3545% 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. By analyzing ProFunds UltraSector technical indicators you can presently evaluate if the expected return of 0.5465% is justified by implied risk. Please employ ProFunds UltraSector Coefficient Of Variation of 305.36 and Risk Adjusted Performance of 0.2039 to confirm if our risk estimates are consistent with your expectations. The fund holds Beta of 0.3592 which implies as returns on market increase, ProFunds UltraSector returns are expected to increase less than the market. However during bear market, the loss on holding ProFunds UltraSector will be expected to be smaller as well.. 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. We have found twenty-one technical indicators for ProFunds UltraSector which you can use to evaluate performance of the fund.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.77 

Good predictability

ProFunds UltraSector Mobile Telecom Inv has good predictability. Overlapping area represents the amount of predictability between ProFunds UltraSector time series from June 17, 2018 to July 2, 2018 and July 2, 2018 to July 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 0.77 indicates that around 77.0% of current ProFunds UltraSector price fluctuation can be explain by its past prices.
Correlation Coefficient 0.77
Spearman Rank Test 0.78
Price Variance 1.82
Lagged Price Variance 3.55

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 Lagged Returns

 Regressed Prices 

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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 Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.