Macroaxis considers ProFunds UltraSector to be not too risky. ProFunds UltraSector
maintains Sharpe Ratio (i.e. Efficiency) of -0.1576 which implies ProFunds UltraSector
had -0.1576% 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 741.21 and Risk Adjusted Performance of 0.045706 to confirm risk estimate we provide. The fund holds Beta of 1.0109 which implies ProFunds UltraSector returns are very sensitive to returns on the market. as market goes up or down, ProFunds UltraSector is expected to follow.. 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.
|15 days auto-correlation|| 0.24 |
ProFunds UltraSector Mobile Telecom Svc has weak predictability. Overlapping area represents the amount of predictability between ProFunds UltraSector time series from August 21, 2018 to September 5, 2018 and September 5, 2018 to September 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 0.24 indicates that over 24.0% of current ProFunds UltraSector price fluctuation can be explain by its past prices.
|Spearman Rank Test||0.12|