Ultralatin America Profund Fund Market Value
| UBPSX Fund | USD 17.47 0.73 4.36% |
| Symbol | Ultralatin |
Ultralatin America '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 Ultralatin America'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 Ultralatin America.
| 10/07/2022 |
| 04/29/2024 |
If you would invest 0.00 in Ultralatin America on October 7, 2022 and sell it all today you would earn a total of 0.00 from holding Ultralatin America Profund or generate 0.0% return on investment in Ultralatin America over 570 days. Ultralatin America is related to or competes with Atac Inflation, Simt Multi, Fs Managed, Lord Abbett, Loomis Sayles, and Guggenheim Managed. The fund invests in financial instruments that the fund Advisors believes, in combination, should produce daily returns ... More
Ultralatin America 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 Ultralatin America'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 Ultralatin America Profund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.27 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 10.11 | |||
| Value At Risk | (3.71) | |||
| Potential Upside | 3.49 |
Ultralatin America Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ultralatin America's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ultralatin America's standard deviation. In reality, there are many statistical measures that can use Ultralatin America historical prices to predict the future Ultralatin America's volatility.| Risk Adjusted Performance | 0.0108 | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0014 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ultralatin America'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.
Ultralatin America Backtested Returns
Ultralatin America owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0169, which indicates the fund had a -0.0169% return per unit of risk over the last 3 months. Ultralatin America Profund exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Ultralatin America's Risk Adjusted Performance of 0.0108, coefficient of variation of 17111.58, and Semi Deviation of 2.2 to confirm the risk estimate we provide. The entity has a beta of 2.12, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Ultralatin America will likely underperform.
Auto-correlation | -0.01 |
Very weak reverse predictability
Ultralatin America Profund has very weak reverse predictability. Overlapping area represents the amount of predictability between Ultralatin America time series from 7th of October 2022 to 19th of July 2023 and 19th of July 2023 to 29th 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 Ultralatin America price movement. The serial correlation of -0.01 indicates that just 1.0% of current Ultralatin America price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 2.6 |
Ultralatin America lagged returns against current returns
Autocorrelation, which is Ultralatin America 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 Ultralatin America's mutual fund expected returns. We can calculate the autocorrelation of Ultralatin America returns to help us make a trade decision. For example, suppose you find that Ultralatin America 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 |
Ultralatin America 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 Ultralatin America mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ultralatin America mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ultralatin America mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Ultralatin America Lagged Returns
When evaluating Ultralatin America's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ultralatin America mutual fund have on its future price. Ultralatin America 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, Ultralatin America autocorrelation shows the relationship between Ultralatin America mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ultralatin America Profund.
Regressed Prices |
| Timeline |
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 Ultralatin America Correlation, Ultralatin America Volatility and Ultralatin America Alpha and Beta module to complement your research on Ultralatin America. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Ultralatin America 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.