Ultra Etf Market Value

RXL -  USA Etf  

USD 101.23  2.37  2.40%

Ultra Health's market value is the price at which a share of Ultra Health stock trades on a public exchange. It measures the collective expectations of Ultra Health Care investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Ultra Health Care and determine expected loss or profit from investing in Ultra Health over a given investment horizon. Additionally, take a look at Ultra Health Hype Analysis, Ultra Health Correlation, Portfolio Optimization, Ultra Health Volatility, as well as analyze Ultra Health Alpha and Beta and Ultra Health Performance.
Symbol
Backtest

The market value of Ultra Health Care is measured differently than its book value, which is the value of Ultra that is recorded on the company's balance sheet. Investors also form their own opinion of Ultra Health's value that differs from its market value or its book value, called intrinsic value, which is Ultra Health's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ultra Health's market value can be influenced by many factors that don't directly affect Ultra Health Care underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ultra Health's value and its price as these two are different measures arrived at by different means. Investors typically determine Ultra Health value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ultra Health'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 Health '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 Health's etf 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 Health.
0.00
04/26/2021
No Change 0.00  0.0 
In 3 months and 1 day
07/25/2021
0.00
If you would invest  0.00  in Ultra Health on April 26, 2021 and sell it all today you would earn a total of 0.00 from holding Ultra Health Care or generate 0.0% return on investment in Ultra Health over 90 days. Ultra Health is related to or competes with Ultra SP500. The investment seeks daily investment results, before fees and expenses, that correspond to two times the daily performa...

Ultra Health 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 Health's etf 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 Health Care upside and downside potential and time the market with a certain degree of confidence.

Ultra Health Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Ultra Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ultra Health's standard deviation. In reality, there are many statistical measures that can use Ultra Health historical prices to predict the future Ultra Health's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Ultra Health'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. Please use the tools below to analyze the current value of Ultra Health in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
100.88102.13103.38
Details
Intrinsic
Valuation
LowReal ValueHigh
98.0599.30111.35
Details
Naive
Forecast
LowNext ValueHigh
99.86101.11102.36
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
93.6097.47101.34
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Ultra Health. Your research has to be compared to or analyzed against Ultra Health's peers to derive any actionable benefits. When done correctly, Ultra Health's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Ultra Health Care.

Ultra Health Care Backtested Returns

Ultra Health appears to be very steady, given 3 months investment horizon. Ultra Health Care owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.16, which indicates the etf had 0.16% of return per unit of risk over the last 3 months. Our standpoint towards measuring the volatility of an etf is to use all available market data together with etf-specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Ultra Health Care, which you can use to evaluate the future volatility of the etf. Please review Ultra Health's Semi Deviation of 0.9483, coefficient of variation of 610.25, and Risk Adjusted Performance of 0.1264 to confirm if our risk estimates are consistent with your expectations.
The entity has a beta of 0.9928, which indicates possible diversification benefits within a given portfolio. Let's try to break down what Ultra's beta means in this case. Ultra Health returns are very sensitive to returns on the market. As the market goes up or down, Ultra Health is expected to follow. Although it is extremely important to respect Ultra Health Care current price movements, it is better to be realistic regarding the information on equity historical returns. The philosophy towards measuring future performance of any etf is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By inspecting Ultra Health Care technical indicators, you can presently evaluate if the expected return of 0.2% will be sustainable into the future.
AdviceVolatility TrendExposureCorrelations

Auto-correlation

    
  (0.02)   

Very weak reverse predictability

Ultra Health Care has very weak reverse predictability. Overlapping area represents the amount of predictability between Ultra Health time series from 26th of April 2021 to 10th of June 2021 and 10th of June 2021 to 25th of July 2021. 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 Health Care price movement. The serial correlation of -0.02 indicates that only 2.0% of current Ultra Health price fluctuation can be explain by its past prices. Given that Ultra Health Care has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Ultra Health for similar time interval.
Correlation Coefficient-0.02
Spearman Rank Test-0.22
Residual Average0.0
Price Variance10.6

Ultra Health Care lagged returns against current returns

Autocorrelation, which is Ultra Health etf'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 Health's etf expected returns. We can calculate the autocorrelation of Ultra Health returns to help us make a trade decision. For example, suppose you find that Ultra Health etf has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
 Current and Lagged Values 
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      Timeline 

Ultra Health 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 Health etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ultra Health etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ultra Health etf over time.
 Current vs Lagged Prices 
Share
      Timeline 

Ultra Health Lagged Returns

When evaluating Ultra Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ultra Health etf have on its future price. Ultra Health 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 Health autocorrelation shows the relationship between Ultra Health etf current value and its past values and can show if there is a momentum factor associated with investing in Ultra Health Care.
 Regressed Prices 
Share
      Timeline 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Ultra Health without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Additionally, take a look at Ultra Health Hype Analysis, Ultra Health Correlation, Portfolio Optimization, Ultra Health Volatility, as well as analyze Ultra Health Alpha and Beta and Ultra Health Performance. Note that the Ultra Health Care information on this page should be used as a complementary analysis to other Ultra Health's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

Complementary Tools for Ultra Etf analysis

When running Ultra Health Care price analysis, check to measure Ultra Health'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 Health is operating at the current time. Most of Ultra Health's value examination focuses on studying past and present price action to predict the probability of Ultra Health's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Ultra Health's price. Additionally, you may evaluate how the addition of Ultra Health to your portfolios can decrease your overall portfolio volatility.
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Ultra Health technical etf 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, stock market cycles, or different charting patterns.
A focus of Ultra Health technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Ultra Health 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...