We consider ProFunds UltraSector not too volatile. ProFunds UltraSector
maintains Sharpe Ratio (i.e. Efficiency) of 0.0767 which implies ProFunds UltraSector
had 0.0767% of return per unit of risk over the last 2 months. Our philosophy towards forecasting volatility of a fund is to use all available market data together with fund 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 1390.24, Semi Deviation
of 2.93 and Risk Adjusted Performance
of 0.0961 to confirm if risk estimate we provide are consistent with the epected return of 0.1974%. The fund holds Beta of -0.4536 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.. 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 0.1974% will be sustainable into the future.
Modest reverse predictability
ProFunds UltraSector Mobile Telecom Svc has modest reverse predictability. Overlapping area represents the amount of predictability between ProFunds UltraSector time series from October 15, 2018 to November 14, 2018 and November 14, 2018 to December 14, 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 -0.5 indicates that about 50.0% 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.