ProFunds UltraSector Backtesting

WCPSX -- USA Fund  

USD 63.00  2.98  4.52%

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.
Horizon     30 Days    Login   to change
SymbolX
Backtest

ProFunds UltraSector 'What if' Analysis

August 21, 2018
0.00
No Change 0.00  0.0%
In 31 days
September 20, 2018
0.00
If you would invest  0.00  in ProFunds UltraSector on August 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 UltraNASDAQ, Rydex NASDAQ, Rydex NASDAQ, Rydex NASDAQ, Rydex Nova, ProFunds Internet, and ProFunds Internet. 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

Information Ratio0.20
Maximum Drawdown5.25
Value At Risk3.98
Potential Upside1.57
  

ProFunds UltraSector Market Premium Indicators

Risk Adjusted Performance0.045706
Jensen Alpha0.32
Total Risk Alpha0.60
Treynor Ratio0.22

ProFunds UltraSector Backtested Returns

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.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.24 

Weak predictability

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.
Correlation Coefficient0.24
Spearman Rank Test0.12
Residual Average0.0
Price Variance1.05

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 

Did you try this?

Run Cryptocurrency Correlation Now

   

Cryptocurrency Correlation

Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins and exchanges
All  Next Launch Cryptocurrency Correlation

Also Currentnly Active

Purchased over 40 shares of
1 hour ago
Traded for 74.96
Purchased a lot of shares of
1 hour ago
Traded for 152.9
Purchased over 70 shares of
1 hour ago
Traded for 36.03
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. Please also try Analyst Recommendations module to analyst recommendations and target price estimates broken down by several categories.
Search macroaxis.com