Technology Ultrasector Profund Fund Market Value
| TEPSX Fund | USD 29.40 0.35 1.20% |
| Symbol | Technology |
Technology Ultrasector '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 Technology Ultrasector'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 Technology Ultrasector.
| 05/27/2025 |
| 06/26/2025 |
If you would invest 0.00 in Technology Ultrasector on May 27, 2025 and sell it all today you would earn a total of 0.00 from holding Technology Ultrasector Profund or generate 0.0% return on investment in Technology Ultrasector over 30 days. Technology Ultrasector is related to or competes with T Rowe, Balanced Fund, Iaadx, and T Rowe. The investment seeks daily investment results, before fees and expenses, that correspond to one and one-half times the d... More
Technology Ultrasector 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 Technology Ultrasector'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 Technology Ultrasector Profund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.94 | |||
| Information Ratio | 0.1132 | |||
| Maximum Drawdown | 27.33 | |||
| Value At Risk | (5.20) | |||
| Potential Upside | 4.42 |
Technology Ultrasector Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Technology Ultrasector's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Technology Ultrasector's standard deviation. In reality, there are many statistical measures that can use Technology Ultrasector historical prices to predict the future Technology Ultrasector's volatility.| Risk Adjusted Performance | 0.2127 | |||
| Jensen Alpha | 0.484 | |||
| Total Risk Alpha | 0.3875 | |||
| Sortino Ratio | 0.1118 | |||
| Treynor Ratio | (3.88) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Technology Ultrasector'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.
Technology Ultrasector Backtested Returns
Technology Ultrasector appears to be not too volatile, given 3 months investment horizon. Technology Ultrasector owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the fund had a 0.13 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Technology Ultrasector Profund, which you can use to evaluate the volatility of the fund. Please review Technology Ultrasector's Coefficient Of Variation of 794.97, risk adjusted performance of 0.2127, and Semi Deviation of 3.22 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of -0.12, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Technology Ultrasector are expected to decrease at a much lower rate. During the bear market, Technology Ultrasector is likely to outperform the market.
Auto-correlation | 0.79 |
Good predictability
Technology Ultrasector Profund has good predictability. Overlapping area represents the amount of predictability between Technology Ultrasector time series from 27th of May 2025 to 11th of June 2025 and 11th of June 2025 to 26th of June 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 Technology Ultrasector price movement. The serial correlation of 0.79 indicates that around 79.0% of current Technology Ultrasector price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.37 |
Technology Ultrasector lagged returns against current returns
Autocorrelation, which is Technology Ultrasector 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 Technology Ultrasector's mutual fund expected returns. We can calculate the autocorrelation of Technology Ultrasector returns to help us make a trade decision. For example, suppose you find that Technology Ultrasector 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 |
Technology Ultrasector 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 Technology Ultrasector mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Technology Ultrasector mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Technology Ultrasector mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Technology Ultrasector Lagged Returns
When evaluating Technology Ultrasector's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Technology Ultrasector mutual fund have on its future price. Technology Ultrasector 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, Technology Ultrasector autocorrelation shows the relationship between Technology Ultrasector mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Technology Ultrasector Profund.
Regressed Prices |
| Timeline |
Also Currently Popular
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| NVDA | NVIDIA | |
| MRVL | Marvell Technology Group |
Other Information on Investing in Technology Mutual Fund
Technology Ultrasector financial ratios help investors to determine whether Technology 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 Technology with respect to the benefits of owning Technology Ultrasector security.
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