ProFunds UltraSector Backtesting

WCPSX -- USA Fund  

USD 56.01  3.18  6.02%

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.
 Time Horizon     30 Days    Login   to change
SymbolX
Backtest

ProFunds UltraSector 'What if' Analysis

May 21, 2018
0.00
No Change 0.00  0.0%
In 30 days
June 20, 2018
0.00
If you would invest  0.00  in ProFunds UltraSector on May 21, 2018 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 ProFunds Banks, ProFunds Bull, ProFunds Bull, Direxion Monthly, Rydex Russell, ProFunds Industrial, and ULTRALATIN AMERIC. 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 Backtested Returns

Macroaxis considers ProFunds UltraSector to be not too volatile. ProFunds UltraSector maintains Sharpe Ratio (i.e. Efficiency) of -0.0105 which implies ProFunds UltraSector had -0.0105% 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 to confirm risk estimate we provide. The fund holds Beta of 0.0 which implies the returns on MARKET and ProFunds UltraSector are completely uncorrelated. 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(0.03) 

Very weak reverse predictability

ProFunds UltraSector Mobile Telecom Svc has very weak reverse predictability. Overlapping area represents the amount of predictability between ProFunds UltraSector time series from May 21, 2018 to June 5, 2018 and June 5, 2018 to June 20, 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 -0.03 indicates that only 3.0% 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 -0.03
Spearman Rank Test 0.1
Price Variance 1.84
Lagged Price Variance 0.65

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 

Current Sentiment - WCPSX

ProFunds UltraSector Investor Sentiment
Macroaxis portfolio users are unemotional in their outlook on investing in ProFunds UltraSector Mobile Telecom Svc. What is your perspective on investing in ProFunds UltraSector Mobile Telecom Svc? Are you bullish or bearish?
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