Does Short Precious have anything left?
|By Vlad Skutelnik|
risk ideas short precious profunds trading--inverse commodities
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.
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.
|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|
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