Ultralatin America Profund Fund Quote
| UBPSX Fund | USD 16.45 0.40 2.37% |
Performance0 of 100
| Odds Of DistressLess than 23
|
Ultralatin America is trading at 16.45 as of the 15th of April 2024; that is -2.37% down since the beginning of the trading day. The fund's open price was 16.85. Ultralatin America has about a 23 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. Equity ratings for Ultralatin America Profund are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of April 2022 and ending today, the 15th of April 2024. Click here to learn more.
The fund invests in financial instruments that the fund Advisors believes, in combination, should produce daily returns consistent with the Daily Target. The index is designed to track the performance of a basket of companies that are domiciled in Latin America and who also have level II or III ADR program, New York Shares or Global Registered Shares listed with the NYSE or Nasdaq. More on Ultralatin America Profund
Moving against Ultralatin Mutual Fund
| 0.44 | LGPIX | Large Cap Growth | PairCorr |
| 0.43 | TEPIX | Technology Ultrasector | PairCorr |
| 0.43 | TEPSX | Technology Ultrasector | PairCorr |
| 0.43 | LGPSX | Profunds Large Cap | PairCorr |
| 0.43 | UJPIX | Ultrajapan Profund | PairCorr |
| 0.43 | UJPSX | Ultrajapan Profund | PairCorr |
Ultralatin 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. Ultralatin America's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Ultralatin America or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Fund Concentration | ProFunds Funds, Large Value Funds, Trading--Leveraged Equity Funds, Trading--Leveraged Equity, ProFunds (View all Sectors) |
| Update Date | 31st of March 2024 |
Ultralatin America Profund [UBPSX] is traded in USA and was established 15th of April 2024. Ultralatin America is listed under ProFunds category by Fama And French industry classification. The fund is listed under Trading--Leveraged Equity category and is part of ProFunds family. This fund at this time has accumulated 35.28 M in net assets with no minimum investment requirementsUltralatin America is currently producing year-to-date (YTD) return of 52.24% with the current yeild of 0.05%, while the total return for the last 3 years was 12.8%.
Check Ultralatin America 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 Ultralatin 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 Ultralatin 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 Ultralatin America Profund 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 Ultralatin America Profund Mutual Fund Constituents
| AMX | America Movil SAB | Stock | Communication Services |
| BCH | Banco De Chile | Stock | Financials |
| FMX | Fomento Economico Mexicano | Stock | Consumer Staples |
Ultralatin America Target Price Odds Analysis
Based on a normal probability distribution, the odds of Ultralatin America jumping above the current price in 90 days from now is close to 99%. The Ultralatin America Profund probability density function shows the probability of Ultralatin America mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon the mutual fund has a beta coefficient of 2.003. This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Ultralatin America will likely underperform. Additionally, ultralatin America Profund 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 Ultralatin America to move above the current price in 90 days from now is close to 99 (This Ultralatin America Profund probability density function shows the probability of Ultralatin Mutual Fund to fall within a particular range of prices over 90 days) .
Ultralatin America Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Ultralatin America market risk premium is the additional return an investor will receive from holding Ultralatin America 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 Ultralatin America. 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 Ultralatin America's alpha and beta are two of the key measurements used to evaluate Ultralatin America's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 1.68 | |||
| Standard Deviation | 2.18 | |||
| Variance | 4.77 | |||
| Risk Adjusted Performance | (0.03) |
Ultralatin America Against Markets
Picking the right benchmark for Ultralatin America 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 Ultralatin America 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 Ultralatin America is critical whether you are bullish or bearish towards Ultralatin America Profund at a given time. Please also check how Ultralatin America'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 Ultralatin America 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?
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ETF CategoriesList of ETF categories grouped based on various criteria, such as the investment strategy or type of investments |
| All Next | Launch Module |
How to buy Ultralatin Mutual Fund?
Before investing in Ultralatin America, 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 Ultralatin America. To buy Ultralatin America fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Ultralatin America. 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 Ultralatin America fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Ultralatin America Profund 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 Ultralatin America Profund 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 Ultralatin America Profund, 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 Ultralatin America Profund?
The danger of trading Ultralatin America Profund 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 Ultralatin America 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 Ultralatin America. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Ultralatin America 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Ultralatin America Profund. 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 state. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..