Short Precious Story

SPPIX -- USA Fund  

USD 30.50  1.52  5.25%

Macroaxis News
By Vlad Skutelnik
This article is geared to all Short Precious investors as well as to investors considering exiting their position in the fund. I will inspect why investors should continue to be optimistic in the fund outlook. Short Precious Metals chance of financial distress is under 3.00 % . Assuming 30 trading days horizon, Short Precious is expected to under-perform the market. In addition to that, the company is 2.2 times more volatile than its market benchmark. It trades about -0.13 of its total potential returns per unit of risk. The market is currently generating roughly -0.05 per unit of volatility. We found eleven available drivers for Short Precious Metals ProFund I which can be compared to its competition. Please use Short Precious Total Asset and Minimum Initial Investment to make a decision on weather Short Precious Metals is priced fairly. Use Short Precious to protect your portfolios against small markets fluctuations. The fund experiences unexpected downward movement. The market is reacting to new fundamentals. Check odds of Short Precious to be traded at $27.54 in 30 days.
Does Short Precious have anything left?

The entity dividends can provide a clue to current valuation of the fund. Short Precious Metals is not expected to issue dividends this year as it trying to preserve or re-invest any of the funds available for distribution to stakeholders.

The recent Short Precious price drops has created some momentum for investors as it was traded today as low as 28.69 and as high as 28.69 per share. The fund administrators and managers were unable to exploit market volatilities in July. However, diversifying your overall positions with Short Precious Metals ProFund I can protect your principal portfolio during market swings. The fund standard deviation of daily returns for 30 days (very short) investing horizon is currently 2.2757. The current volatility is consistent with the ongoing market swings in July 2019 as well as with Short Precious Metals unsystematic, company specific events. Short Precious makes 15k minimum initial investment. Short Precious is selling for 28.69. This is 3.69 percent decrease. Today lowest is 28.69.

To summarize, I belive Short Precious is currently undervalued. It Follows market closely and projects very low odds of distress in the next two years. Our ongoing 'Buy vs. Hold vs. Sell' recommendation on the fund is Hold.

About Contributor

Vlad Skutelnik
   Vlad Skutelnik is a Macroaxis Contributor. Vlad covers stocks, funds, cryptocurrencies, and ETFs that are traded in North America focusing primarily on fundamentals, valuation and market volatility. He has many years of experience in fintech, predictive investment analytics, and risk management. View Profile
This story should be regarded as informational only and should not be considered as solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Vlad Skutelnik do not own shares of Short Precious Metals ProFund I. Please refer to our Terms of Use for any information regarding our disclosure principles.

Story Momentum

This story impact on price volatility cannot be determined at this time. Please check this story after some time to allow current data to be analyzed.

Compare Short Precious

Compare Short Precious To Peers

Total Asset

Total Asset Comparative Analysis

  Total Asset 
      Short Precious Comparables 
Short Precious is rated below average in total asset among similar funds. Total Asset is everything that a business owns. It is the sum of current and long-term assets owned by a firm at a given time. These assets are listed on a balance sheet and typically valued based on their purchasing prices, not the current market value.
Also please take a look at Short Precious Hype Analysis, Short Precious Correlation and Short Precious Performance. Please also try Fundamentals Matrix module to view fundamentals matrix and analyze how accounts are interrelated and interconnected with each other.