Perritt Ultra Microcap Fund Quote
| PREOX Fund | USD 16.10 0.08 0.50% |
Performance3 of 100
| Odds Of DistressLess than 22
|
Perritt Ultra is trading at 16.10 as of the 19th of April 2024; that is 0.50 percent increase since the beginning of the trading day. The fund's open price was 16.02. Perritt Ultra has about a 22 % chance of experiencing some form of financial distress in the next two years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Perritt Ultra Microcap are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 and ending today, the 19th of April 2024. Click here to learn more.
The fund normally invests at least 80 percent of its net assets in the common stocks of United States companies with market capitalizations that are below 300 million at the time of initial purchase, which the funds investment adviser refers to as micro-cap companies. More on Perritt Ultra Microcap
Moving together with Perritt Mutual Fund
| 0.8 | PRCGX | Perritt Microcap Opp | PairCorr |
| 0.88 | VSMAX | Vanguard Small Cap | PairCorr |
| 0.88 | VSCIX | Vanguard Small Cap | PairCorr |
| 0.88 | VSCPX | Vanguard Small Cap | PairCorr |
| 0.88 | NAESX | Vanguard Small Cap | PairCorr |
| 0.83 | FSSNX | Fidelity Small Cap | PairCorr |
Perritt Mutual Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Perritt Ultra's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Perritt Ultra or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Fund Concentration | Perritt Funds, Large Funds, Small Blend Funds, Small Blend, Perritt (View all Sectors) |
| Update Date | 31st of March 2024 |
| Expense Ratio Date | 28th of February 2023 |
| Fiscal Year End | October |
Perritt Ultra Microcap [PREOX] is traded in USA and was established 19th of April 2024. Perritt Ultra is listed under Perritt category by Fama And French industry classification. The fund is listed under Small Blend category and is part of Perritt family. This fund at this time has accumulated 11.55 M in assets with minimum initial investment of 1 K. Perritt Ultra Microcap is currently producing year-to-date (YTD) return of 2.8%, while the total return for the last 3 years was -2.73%.
Check Perritt Ultra Probability Of Bankruptcy
Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Perritt Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Perritt Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Perritt Ultra Microcap Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Perritt Ultra Microcap Mutual Fund Constituents
| LUNA | Luna Innovations Incorporated | Stock | Information Technology |
| IIN | IntriCon | Stock | Medical Instruments & Supplies |
| PCTI | PC Tel Inc | Stock | Information Technology |
| GENC | Gencor Industries | Stock | Industrials |
| KEQU | Kewaunee Scientific | Stock | Health Care |
| NSSC | NAPCO Security Technologies | Stock | Information Technology |
| ASUR | Asure Software | Stock | Information Technology |
Perritt Ultra Target Price Odds Analysis
Based on a normal probability distribution, the odds of Perritt Ultra jumping above the current price in 90 days from now is about 61.88%. The Perritt Ultra Microcap probability density function shows the probability of Perritt Ultra mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Perritt Ultra has a beta of 0.9289 indicating Perritt Ultra Microcap market returns are sensitive to returns on the market. As the market goes up or down, Perritt Ultra is expected to follow. Additionally, perritt Ultra Microcap has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Perritt Ultra to move above the current price in 90 days from now is about 61.88 (This Perritt Ultra Microcap probability density function shows the probability of Perritt Mutual Fund to fall within a particular range of prices over 90 days) .
Perritt Ultra Microcap Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Perritt Ultra market risk premium is the additional return an investor will receive from holding Perritt Ultra long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Perritt Ultra. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Perritt Ultra's alpha and beta are two of the key measurements used to evaluate Perritt Ultra's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.7799 | |||
| Semi Deviation | 0.8392 | |||
| Standard Deviation | 0.9451 | |||
| Variance | 0.8933 |
Perritt Ultra Against Markets
Picking the right benchmark for Perritt Ultra mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Perritt Ultra mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Perritt Ultra is critical whether you are bullish or bearish towards Perritt Ultra Microcap at a given time. Please also check how Perritt Ultra's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Perritt Ultra without increasing your portfolio risk or giving up the 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.Did you try this?
Run Price Exposure Probability Now
Price Exposure ProbabilityAnalyze equity upside and downside potential for a given time horizon across multiple markets |
| All Next | Launch Module |
How to buy Perritt Mutual Fund?
Before investing in Perritt Ultra, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Perritt Ultra. To buy Perritt Ultra fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Perritt Ultra. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Perritt Ultra fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Perritt Ultra Microcap fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Perritt Ultra Microcap fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Perritt Ultra Microcap, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Perritt Ultra Microcap?
The danger of trading Perritt Ultra Microcap is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Perritt Ultra is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Perritt Ultra. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Perritt Ultra Microcap is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Perritt Ultra Microcap. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in persons. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.