ProFunds UltraSector Backtesting

ProFunds UltraSector Mobile Telecom Svc -- USA Fund  

USD 53.43  0.12  0.22%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of ProFunds UltraSector Mobile Telecom Svc 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
Investment Horizon     30 Days    Login   to change
SymbolX
Backtest

ProFunds UltraSector 'What if' Analysis

October 23, 2017
0.00
No Change 0.00  0.0%
In 31 days
November 22, 2017
0.00
If you would invest  0.00  in ProFunds UltraSector on October 23, 2017 and sell it all today you would earn a total of 0.00 from holding ProFunds UltraSector Mobile Telecom Svc or generate 0.0% return on investment in ProFunds UltraSector over 30 days. ProFunds UltraSector is related to or competes with Rydex Nova, Rydex Nova, Rydex NASDAQ, Rydex NASDAQ, Rydex Mid, and Direxion Mthly. 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

Macroaxis considers ProFunds UltraSector to be not too volatile. ProFunds UltraSector maintains Sharpe Ratio (i.e. Efficiency) of -0.0739 which implies ProFunds UltraSector had -0.0739% 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 (1,325) and Risk Adjusted Performance of (0.020129) to confirm risk estimate we provide. The fund holds Beta of 2.496 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.. 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(0.78) 

Almost perfect reverse predictability

ProFunds UltraSector Mobile Telecom Svc has almost perfect reverse predictability. Overlapping area represents the amount of predictability between ProFunds UltraSector time series from October 23, 2017 to November 7, 2017 and November 7, 2017 to November 22, 2017. 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 -0.78 indicates that around 78.0% of current ProFunds UltraSector price fluctuation can be explain by its past prices. Given that ProFunds UltraSector Mobile Telecom Svc 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 -0.78
Spearman Rank Test -0.81
Price Variance 4.25
Lagged Price Variance 11.6

ProFunds UltraSector Lagged Returns

 Regressed Prices 
      Timeline 

ProFunds UltraSector Performance vs DOW

The median price of ProFunds UltraSector for the period between Mon, Oct 23, 2017 and Wed, Nov 22, 2017 is 53.43 with a coefficient of variation of 6.61. The daily time series for the period is distributed with a sample standard deviation of 3.51, arithmetic mean of 53.08, and mean deviation of 2.85. The Fund did not receive any noticable media coverage during the period.
Price Growth (%)  
      Timeline