Europe 30 Profund Fund Market Value
| UEPSX Fund | USD 16.72 0.25 1.52% |
| Symbol | Europe |
Europe 30 '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 Europe 30'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 Europe 30.
| 05/04/2022 |
| 04/23/2024 |
If you would invest 0.00 in Europe 30 on May 4, 2022 and sell it all today you would earn a total of 0.00 from holding Europe 30 Profund or generate 0.0% return on investment in Europe 30 over 720 days. Europe 30 is related to or competes with Fs Managed, Short Duration, Ab Bond, Guidepath Managed, Fidelity Sai, and Atac Inflation. The fund invests in securities that ProFund Advisors believes, in combination, should track the performance of the index More
Europe 30 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 Europe 30'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 Europe 30 Profund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7385 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 3.09 | |||
| Value At Risk | (1.06) | |||
| Potential Upside | 1.1 |
Europe 30 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Europe 30's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Europe 30's standard deviation. In reality, there are many statistical measures that can use Europe 30 historical prices to predict the future Europe 30's volatility.| Risk Adjusted Performance | 0.0603 | |||
| Jensen Alpha | 0.059 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (2.78) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Europe 30'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.
Europe 30 Profund Backtested Returns
We consider Europe 30 very steady. Europe 30 Profund secures Sharpe Ratio (or Efficiency) of 0.096, which denotes the fund had a 0.096% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Europe 30 Profund, which you can use to evaluate the volatility of the entity. Please confirm Europe 30's Coefficient Of Variation of 1041.41, mean deviation of 0.5334, and Downside Deviation of 0.7385 to check if the risk estimate we provide is consistent with the expected return of 0.0674%. The fund shows a Beta (market volatility) of -0.0206, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Europe 30 are expected to decrease at a much lower rate. During the bear market, Europe 30 is likely to outperform the market.
Auto-correlation | 0.49 |
Average predictability
Europe 30 Profund has average predictability. Overlapping area represents the amount of predictability between Europe 30 time series from 4th of May 2022 to 29th of April 2023 and 29th of April 2023 to 23rd of April 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 Europe 30 Profund price movement. The serial correlation of 0.49 indicates that about 49.0% of current Europe 30 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.6 |
Europe 30 Profund lagged returns against current returns
Autocorrelation, which is Europe 30 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 Europe 30's mutual fund expected returns. We can calculate the autocorrelation of Europe 30 returns to help us make a trade decision. For example, suppose you find that Europe 30 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 |
Europe 30 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 Europe 30 mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Europe 30 mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Europe 30 mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Europe 30 Lagged Returns
When evaluating Europe 30's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Europe 30 mutual fund have on its future price. Europe 30 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, Europe 30 autocorrelation shows the relationship between Europe 30 mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Europe 30 Profund.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Europe 30 in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Europe 30's short interest history, or implied volatility extrapolated from Europe 30 options trading.
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.Check out Europe 30 Correlation, Europe 30 Volatility and Europe 30 Alpha and Beta module to complement your research on Europe 30. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Europe 30 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.