ProFunds UltraSector Backtesting

WCPSX -- USA Fund  

USD 70.18  0.27  0.38%

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

ProFunds UltraSector 'What if' Analysis

October 15, 2018
No Change 0.00  0.0%
In 2 months and 2 days
December 14, 2018
If you would invest  0.00  in ProFunds UltraSector on October 15, 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 60 days. ProFunds UltraSector is related to or competes with ProFunds UltraNASDAQ, ProFunds UltraNASDAQ, Rydex Nova, Rydex NASDAQ, Rydex Nova, Rydex Mid, and Rydex Mid. 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

Downside Deviation3.34
Information Ratio0.0851
Maximum Drawdown15.24
Value At Risk(2.55)
Potential Upside3.9

ProFunds UltraSector Market Premium Indicators

Risk Adjusted Performance0.0961
Jensen Alpha0.1554
Total Risk Alpha0.2645
Sortino Ratio0.0656
Treynor Ratio(0.39)

ProFunds UltraSector Backtested Returns

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.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.50) 
correlation synergy

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.
Correlation Coefficient-0.5
Spearman Rank Test-0.61
Residual Average0.0
Price Variance5.64

ProFunds UltraSector lagged returns against current returns

 Current and Lagged Values 

ProFunds UltraSector regressed lagged prices vs. current prices

 Current vs Lagged Prices 

ProFunds UltraSector Lagged Returns

 Regressed Prices 

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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 Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .