Bull Profund Investor Fund Market Value

BLPIX Fund  USD 65.72  0.58  0.87%   
Bull Profund's market value is the price at which a share of Bull Profund trades on a public exchange. It measures the collective expectations of Bull Profund Investor investors about its performance. Bull Profund is trading at 65.72 as of the 28th of March 2024; that is -0.87 percent down since the beginning of the trading day. The fund's open price was 66.3.
With this module, you can estimate the performance of a buy and hold strategy of Bull Profund Investor and determine expected loss or profit from investing in Bull Profund over a given investment horizon. Check out Bull Profund Correlation, Bull Profund Volatility and Bull Profund Alpha and Beta module to complement your research on Bull Profund.
Symbol

Please note, there is a significant difference between Bull Profund's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bull Profund is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bull Profund'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.

Bull Profund '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 Bull Profund'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 Bull Profund.
0.00
06/07/2022
No Change 0.00  0.0 
In 1 year 9 months and 23 days
03/28/2024
0.00
If you would invest  0.00  in Bull Profund on June 7, 2022 and sell it all today you would earn a total of 0.00 from holding Bull Profund Investor or generate 0.0% return on investment in Bull Profund over 660 days. Bull Profund is related to or competes with State Farm, Short Real, Real Estate, Real Estate, Short Real, Ultrashort Mid, and Ultrashort Mid. The fund invests in financial instruments that the fund Advisors believes, in combination, should track the performance ... More

Bull Profund 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 Bull Profund'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 Bull Profund Investor upside and downside potential and time the market with a certain degree of confidence.

Bull Profund Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Bull Profund's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bull Profund's standard deviation. In reality, there are many statistical measures that can use Bull Profund historical prices to predict the future Bull Profund's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bull Profund'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.
Hype
Prediction
LowEstimatedHigh
65.0365.7266.41
Details
Intrinsic
Valuation
LowRealHigh
62.6863.3772.29
Details
Naive
Forecast
LowNextHigh
65.1665.8566.53
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
65.6065.7865.96
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Bull Profund. Your research has to be compared to or analyzed against Bull Profund's peers to derive any actionable benefits. When done correctly, Bull Profund's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Bull Profund Investor.

Bull Profund Investor Backtested Returns

We consider Bull Profund very steady. Bull Profund Investor secures Sharpe Ratio (or Efficiency) of 0.21, which signifies that the fund had a 0.21% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Bull Profund Investor, which you can use to evaluate the volatility of the entity. Please confirm Bull Profund's Downside Deviation of 0.5859, risk adjusted performance of 0.13, and Mean Deviation of 0.5193 to double-check if the risk estimate we provide is consistent with the expected return of 0.14%. The fund shows a Beta (market volatility) of -0.059, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Bull Profund are expected to decrease at a much lower rate. During the bear market, Bull Profund is likely to outperform the market.

Auto-correlation

    
  0.41  

Average predictability

Bull Profund Investor has average predictability. Overlapping area represents the amount of predictability between Bull Profund time series from 7th of June 2022 to 3rd of May 2023 and 3rd of May 2023 to 28th of March 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Bull Profund Investor price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Bull Profund price fluctuation can be explain by its past prices.
Correlation Coefficient0.41
Spearman Rank Test0.22
Residual Average0.0
Price Variance14.69

Bull Profund Investor lagged returns against current returns

Autocorrelation, which is Bull Profund 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 Bull Profund's mutual fund expected returns. We can calculate the autocorrelation of Bull Profund returns to help us make a trade decision. For example, suppose you find that Bull Profund 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  

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

Bull Profund Lagged Returns

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

Pair Trading with Bull Profund

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Bull Profund position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Bull Profund will appreciate offsetting losses from the drop in the long position's value.

Moving together with Bull Mutual Fund

  0.98STFGX State Farm GrowthPairCorr

Moving against Bull Mutual Fund

  0.98URPIX Ultrabear ProfundPairCorr
  0.97BRPIX Bear Profund BearPairCorr
  0.97BRPSX Bear Profund BearPairCorr
  0.89UIPIX Ultrashort Mid-capPairCorr
  0.89UIPSX Ultrashort Mid-capPairCorr
The ability to find closely correlated positions to Bull Profund could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bull Profund when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bull Profund - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bull Profund Investor to buy it.
The correlation of Bull Profund is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bull Profund moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bull Profund Investor moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Bull Profund can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Check out Bull Profund Correlation, Bull Profund Volatility and Bull Profund Alpha and Beta module to complement your research on Bull Profund.
You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..

Complementary Tools for Bull Mutual Fund analysis

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