Ultra Fund I Fund Market Value

Ultra Fund's market value is the price at which a share of Ultra Fund trades on a public exchange. It measures the collective expectations of Ultra Fund I investors about its performance.
With this module, you can estimate the performance of a buy and hold strategy of Ultra Fund I and determine expected loss or profit from investing in Ultra Fund over a given investment horizon. Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
Symbol

Please note, there is a significant difference between Ultra Fund's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ultra Fund is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ultra Fund's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Ultra Fund 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Ultra Fund's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Ultra Fund.
0.00
04/09/2022
No Change 0.00  0.0 
In 1 year 11 months and 21 days
03/29/2024
0.00
If you would invest  0.00  in Ultra Fund on April 9, 2022 and sell it all today you would earn a total of 0.00 from holding Ultra Fund I or generate 0.0% return on investment in Ultra Fund over 720 days. Ultra Fund is related to or competes with Icon Financial, Fidelity Advisor, Mesirow Financial, Financials Ultrasector, Financial Services, and Transamerica Financial. The fund normally invests in stocks of companies that the adviser believes will increase in value over time More

Ultra Fund Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Ultra Fund's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Ultra Fund I upside and downside potential and time the market with a certain degree of confidence.

Ultra Fund Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Ultra Fund's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ultra Fund's standard deviation. In reality, there are many statistical measures that can use Ultra Fund historical prices to predict the future Ultra Fund's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ultra Fund's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
86.8387.7788.71
Details
Intrinsic
Valuation
LowRealHigh
81.2682.2096.55
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Ultra Fund. Your research has to be compared to or analyzed against Ultra Fund's peers to derive any actionable benefits. When done correctly, Ultra Fund's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Ultra Fund I.

Ultra Fund I Backtested Returns

Ultra Fund appears to be very steady, given 3 months investment horizon. Ultra Fund I owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.21, which indicates the fund had a 0.21% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Ultra Fund I, which you can use to evaluate the volatility of the fund. Please review Ultra Fund's Coefficient Of Variation of 470.02, risk adjusted performance of 0.1223, and Semi Deviation of 0.4512 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of -0.076, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ultra Fund are expected to decrease at a much lower rate. During the bear market, Ultra Fund is likely to outperform the market.

Auto-correlation

    
  -0.11  

Insignificant reverse predictability

Ultra Fund I has insignificant reverse predictability. Overlapping area represents the amount of predictability between Ultra Fund time series from 9th of April 2022 to 4th of April 2023 and 4th of April 2023 to 29th of March 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Ultra Fund I price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Ultra Fund price fluctuation can be explain by its past prices.
Correlation Coefficient-0.11
Spearman Rank Test-0.23
Residual Average0.0
Price Variance45.61

Ultra Fund I lagged returns against current returns

Autocorrelation, which is Ultra Fund mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Ultra Fund's mutual fund expected returns. We can calculate the autocorrelation of Ultra Fund returns to help us make a trade decision. For example, suppose you find that Ultra Fund has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

Ultra Fund regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Ultra Fund mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ultra Fund mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ultra Fund mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Ultra Fund Lagged Returns

When evaluating Ultra Fund's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ultra Fund mutual fund have on its future price. Ultra Fund autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Ultra Fund autocorrelation shows the relationship between Ultra Fund mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ultra Fund I.
   Regressed Prices   
       Timeline  

Currently Active Assets on Macroaxis

Check out Ultra Fund Correlation, Ultra Fund Volatility and Ultra Fund Alpha and Beta module to complement your research on Ultra Fund.
You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.

Complementary Tools for Ultra Mutual Fund analysis

When running Ultra Fund's price analysis, check to measure Ultra Fund's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ultra Fund is operating at the current time. Most of Ultra Fund's value examination focuses on studying past and present price action to predict the probability of Ultra Fund's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ultra Fund's price. Additionally, you may evaluate how the addition of Ultra Fund to your portfolios can decrease your overall portfolio volatility.
Sign In To Macroaxis
Sign in to explore Macroaxis' wealth optimization platform and fintech modules
Money Flow Index
Determine momentum by analyzing Money Flow Index and other technical indicators
Economic Indicators
Top statistical indicators that provide insights into how an economy is performing
Analyst Advice
Analyst recommendations and target price estimates broken down by several categories
Volatility Analysis
Get historical volatility and risk analysis based on latest market data
Premium Stories
Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
Competition Analyzer
Analyze and compare many basic indicators for a group of related or unrelated entities
Watchlist Optimization
Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm
Ultra Fund technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
A focus of Ultra Fund technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Ultra Fund trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...