ProFunds UltraSector Backtesting

ProFunds UltraSector Mobile Telecom Inv -- USA Fund  

USD 66.42  0.11  0.17%

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
SymbolX
Backtest

ProFunds UltraSector 'What if' Analysis

December 18, 2017
0.00
No Change 0.00  0.0%
In 30 days
January 17, 2018
0.00
If you would invest  0.00  in ProFunds UltraSector on December 18, 2017 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 UltraLatin, ProFunds Real, Intel, Travelers Companies, and 3M. 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 
      Timeline 

ProFunds UltraSector regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

ProFunds UltraSector Backtested Returns

We consider ProFunds UltraSector not too risky. ProFunds UltraSector maintains Sharpe Ratio (i.e. Efficiency) of 0.0427 which implies ProFunds UltraSector had 0.0427% 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 check ProFunds UltraSector Coefficient Of Variation of 8621.33, Semi Deviation of 1.97 and Risk Adjusted Performance of 0.0121 to confirm if risk estimate we provide are consistent with the epected return of 0.0665%. The fund holds Beta of 1.806 which implies as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, ProFunds UltraSector will likely underperform.. Although it is extremely important to respect ProFunds UltraSector current trending patterns, it is better to be realistic regarding the information on 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 0.0665% will be sustainable into the future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.17) 

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 December 18, 2017 to January 2, 2018 and January 2, 2018 to January 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 -0.17 indicates that over 17.0% 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 -0.17
Spearman Rank Test -0.47
Price Variance 1.06
Lagged Price Variance 0.94

ProFunds UltraSector Lagged Returns

 Regressed Prices 
      Timeline 

ProFunds UltraSector Performance vs DOW

The median price of ProFunds UltraSector for the period between Mon, Dec 18, 2017 and Wed, Jan 17, 2018 is 66.61 with a coefficient of variation of 1.79. The daily time series for the period is distributed with a sample standard deviation of 1.2, arithmetic mean of 66.75, and mean deviation of 0.96. The Fund did not receive any noticable media coverage during the period.
Price Growth (%)  
      Timeline