Oil Gas Ultrasector Fund Quote
| ENPSX Fund | USD 41.00 0.58 1.39% |
Performance18 of 100
| Odds Of DistressLess than 17
|
Oil Gas is trading at 41.00 as of the 28th of April 2024; that is -1.39 percent decrease since the beginning of the trading day. The fund's open price was 41.58. Oil Gas has less than a 17 % chance of experiencing some financial distress in the next two years of operation and had a solid performance during the last 90 days. Equity ratings for Oil Gas Ultrasector are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 29th of March 2024 and ending today, the 28th 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 constructed and maintained by SP Dow Jones Indices LLC. The index represents the energy sector of the SP 500 Index. More on Oil Gas Ultrasector
Moving against Oil Mutual Fund
| 0.68 | UIPIX | Ultrashort Mid Cap | PairCorr |
| 0.67 | GVPIX | Us Government Plus | PairCorr |
Oil 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. Oil Gas' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Oil Gas or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Thematic Idea | Energy Funds (View all Themes) |
| Fund Concentration | ProFunds Funds, Large Value Funds, Trading--Leveraged Equity Funds, Energy Funds, Trading--Leveraged Equity, ProFunds, Large Value, Trading--Leveraged Equity (View all Sectors) |
| Update Date | 31st of March 2024 |
Oil Gas Ultrasector [ENPSX] is traded in USA and was established 28th of April 2024. Oil Gas 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. The entity is thematically classified as Energy Funds. This fund currently has accumulated 25.64 M in assets under management (AUM) with no minimum investment requirementsOil Gas Ultrasector is currently producing year-to-date (YTD) return of 19.56%, while the total return for the last 3 years was 38.08%.
Check Oil Gas 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 Oil 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 Oil 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 Oil Gas Ultrasector 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 Oil Gas Ultrasector Mutual Fund Constituents
| HAL | Halliburton | Stock | Energy |
| COP | ConocoPhillips | Stock | Energy |
| CVX | Chevron Corp | Stock | Energy |
| EOG | EOG Resources | Stock | Energy |
| KMI | Kinder Morgan | Stock | Energy |
| MPC | Marathon Petroleum Corp | Stock | Energy |
| OXY | Occidental Petroleum | Stock | Energy |
Oil Gas Target Price Odds Analysis
Based on a normal probability distribution, the odds of Oil Gas jumping above the current price in 90 days from now is about 13.14%. The Oil Gas Ultrasector probability density function shows the probability of Oil Gas mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Oil Gas has a beta of 0.8955 suggesting Oil Gas Ultrasector market returns are sensitive to returns on the market. As the market goes up or down, Oil Gas is expected to follow. Additionally, oil Gas Ultrasector has an alpha of 0.2792, implying that it can generate a 0.28 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Oil Gas to move above the current price in 90 days from now is about 13.14 (This Oil Gas Ultrasector probability density function shows the probability of Oil Mutual Fund to fall within a particular range of prices over 90 days) .
Oil Gas Ultrasector Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Oil Gas market risk premium is the additional return an investor will receive from holding Oil Gas 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 Oil Gas. 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 Oil Gas' alpha and beta are two of the key measurements used to evaluate Oil Gas' performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 1.02 | |||
| Semi Deviation | 0.8862 | |||
| Standard Deviation | 1.31 | |||
| Variance | 1.73 |
Oil Gas Against Markets
Picking the right benchmark for Oil Gas 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 Oil Gas 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 Oil Gas is critical whether you are bullish or bearish towards Oil Gas Ultrasector at a given time. Please also check how Oil Gas' 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 Oil Gas 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 Portfolio File Import Now
Portfolio File ImportQuickly import all of your third-party portfolios from your local drive in csv format |
| All Next | Launch Module |
How to buy Oil Mutual Fund?
Before investing in Oil Gas, 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 Oil Gas. To buy Oil Gas fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Oil Gas. 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 Oil Gas fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Oil Gas Ultrasector 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 Oil Gas Ultrasector 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 Oil Gas Ultrasector, 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 Oil Gas Ultrasector?
The danger of trading Oil Gas Ultrasector 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 Oil Gas 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 Oil Gas. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Oil Gas Ultrasector 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Oil Gas Ultrasector. 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 Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.