Ultramid Cap Profund Ultramid Cap Fund Market Value
| UMPSX Fund | USD 48.09 0.01 0.02% |
| Symbol | Ultramid |
Ultramid Cap '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 Ultramid Cap'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 Ultramid Cap.
| 07/12/2023 |
| 07/01/2025 |
If you would invest 0.00 in Ultramid Cap on July 12, 2023 and sell it all today you would earn a total of 0.00 from holding Ultramid Cap Profund Ultramid Cap or generate 0.0% return on investment in Ultramid Cap over 720 days. Ultramid Cap is related to or competes with Calvert High, Artisan High, Msift High, High-yield Fund, and Gmo High. The fund invests in financial instruments that the fund Advisors believes, in combination, should produce daily returns ... More
Ultramid Cap 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 Ultramid Cap'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 Ultramid Cap Profund Ultramid Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.0 | |||
| Information Ratio | 0.0152 | |||
| Maximum Drawdown | 27.0 | |||
| Value At Risk | (5.32) | |||
| Potential Upside | 4.73 |
Ultramid Cap Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ultramid Cap's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ultramid Cap's standard deviation. In reality, there are many statistical measures that can use Ultramid Cap historical prices to predict the future Ultramid Cap's volatility.| Risk Adjusted Performance | 0.0601 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.015 | |||
| Treynor Ratio | 0.0531 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ultramid Cap'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.
Ultramid Cap Profund Backtested Returns
At this stage we consider Ultramid Mutual Fund to be very steady. Ultramid Cap Profund owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.037, which indicates the fund had a 0.037 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Ultramid Cap Profund Ultramid Cap, which you can use to evaluate the volatility of the fund. Please validate Ultramid Cap's Coefficient Of Variation of 3032.67, risk adjusted performance of 0.0601, and Semi Deviation of 3.79 to confirm if the risk estimate we provide is consistent with the expected return of 0.15%. The entity has a beta of 2.27, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Ultramid Cap will likely underperform.
Auto-correlation | -0.58 |
Good reverse predictability
Ultramid Cap Profund Ultramid Cap has good reverse predictability. Overlapping area represents the amount of predictability between Ultramid Cap time series from 12th of July 2023 to 6th of July 2024 and 6th of July 2024 to 1st of July 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Ultramid Cap Profund price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Ultramid Cap price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 28.81 |
Ultramid Cap Profund lagged returns against current returns
Autocorrelation, which is Ultramid Cap 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 Ultramid Cap's mutual fund expected returns. We can calculate the autocorrelation of Ultramid Cap returns to help us make a trade decision. For example, suppose you find that Ultramid Cap 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 |
Ultramid Cap 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 Ultramid Cap mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ultramid Cap mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ultramid Cap mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Ultramid Cap Lagged Returns
When evaluating Ultramid Cap's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ultramid Cap mutual fund have on its future price. Ultramid Cap 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, Ultramid Cap autocorrelation shows the relationship between Ultramid Cap mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ultramid Cap Profund Ultramid Cap.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Ultramid Mutual Fund
Ultramid Cap financial ratios help investors to determine whether Ultramid Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Ultramid with respect to the benefits of owning Ultramid Cap security.
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