Consumer Services Ultrasector Fund Market Value

CYPIX Fund  USD 56.62  0.97  1.68%   
Consumer Services' market value is the price at which a share of Consumer Services trades on a public exchange. It measures the collective expectations of Consumer Services Ultrasector investors about its performance. Consumer Services is trading at 56.62 as of the 28th of March 2024; that is -1.68 percent decrease since the beginning of the trading day. The fund's open price was 57.59.
With this module, you can estimate the performance of a buy and hold strategy of Consumer Services Ultrasector and determine expected loss or profit from investing in Consumer Services over a given investment horizon. Check out Consumer Services Correlation, Consumer Services Volatility and Consumer Services Alpha and Beta module to complement your research on Consumer Services.
Symbol

Please note, there is a significant difference between Consumer Services' value and its price as these two are different measures arrived at by different means. Investors typically determine if Consumer Services is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Consumer Services' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Consumer Services '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 Consumer Services' 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 Consumer Services.
0.00
02/27/2024
No Change 0.00  0.0 
In 30 days
03/28/2024
0.00
If you would invest  0.00  in Consumer Services on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Consumer Services Ultrasector or generate 0.0% return on investment in Consumer Services over 30 days. Consumer Services is related to or competes with Short Real, Real Estate, Real Estate, Short Real, Ultrashort Mid, Ultrashort Mid, and Ultrabear Profund. The fund invests in financial instruments that the fund advisors believes, in combination, should produce daily returns ... More

Consumer Services 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 Consumer Services' 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 Consumer Services Ultrasector upside and downside potential and time the market with a certain degree of confidence.

Consumer Services Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Consumer Services' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Consumer Services' standard deviation. In reality, there are many statistical measures that can use Consumer Services historical prices to predict the future Consumer Services' volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Consumer Services' 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.
Hype
Prediction
LowEstimatedHigh
55.1856.6258.06
Details
Intrinsic
Valuation
LowRealHigh
50.2751.7162.28
Details
Naive
Forecast
LowNextHigh
57.0858.5259.96
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
56.0356.9457.86
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Consumer Services. Your research has to be compared to or analyzed against Consumer Services' peers to derive any actionable benefits. When done correctly, Consumer Services' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Consumer Services.

Consumer Services Backtested Returns

We consider Consumer Services very steady. Consumer Services secures Sharpe Ratio (or Efficiency) of 0.0281, which signifies that the fund had a 0.0281% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Consumer Services Ultrasector, which you can use to evaluate the volatility of the entity. Please confirm Consumer Services' Downside Deviation of 1.38, risk adjusted performance of 0.0239, and Mean Deviation of 1.14 to double-check if the risk estimate we provide is consistent with the expected return of 0.0404%. The fund shows a Beta (market volatility) of -0.0492, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Consumer Services are expected to decrease at a much lower rate. During the bear market, Consumer Services is likely to outperform the market.

Auto-correlation

    
  -0.87  

Excellent reverse predictability

Consumer Services Ultrasector has excellent reverse predictability. Overlapping area represents the amount of predictability between Consumer Services time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 Consumer Services price movement. The serial correlation of -0.87 indicates that approximately 87.0% of current Consumer Services price fluctuation can be explain by its past prices.
Correlation Coefficient-0.87
Spearman Rank Test-0.44
Residual Average0.0
Price Variance0.66

Consumer Services lagged returns against current returns

Autocorrelation, which is Consumer Services 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 Consumer Services' mutual fund expected returns. We can calculate the autocorrelation of Consumer Services returns to help us make a trade decision. For example, suppose you find that Consumer Services 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  

Consumer Services 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 Consumer Services mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Consumer Services mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Consumer Services mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Consumer Services Lagged Returns

When evaluating Consumer Services' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Consumer Services mutual fund have on its future price. Consumer Services 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, Consumer Services autocorrelation shows the relationship between Consumer Services mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Consumer Services Ultrasector.
   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 Consumer Services 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, Consumer Services' short interest history, or implied volatility extrapolated from Consumer Services options trading.

Pair Trading with Consumer Services

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Consumer Services position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Consumer Services will appreciate offsetting losses from the drop in the long position's value.

Moving against Consumer Mutual Fund

  0.78UIPIX Ultrashort Mid-capPairCorr
  0.74UIPSX Ultrashort Mid-capPairCorr
  0.59URPIX Ultrabear ProfundPairCorr
  0.59BRPIX Bear Profund BearPairCorr
  0.59BRPSX Bear Profund BearPairCorr
The ability to find closely correlated positions to Consumer Services could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Consumer Services when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Consumer Services - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Consumer Services Ultrasector to buy it.
The correlation of Consumer Services is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Consumer Services moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Consumer Services moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Consumer Services can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Check out Consumer Services Correlation, Consumer Services Volatility and Consumer Services Alpha and Beta module to complement your research on Consumer Services.
You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.

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When running Consumer Services' price analysis, check to measure Consumer Services' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Consumer Services is operating at the current time. Most of Consumer Services' value examination focuses on studying past and present price action to predict the probability of Consumer Services' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Consumer Services' price. Additionally, you may evaluate how the addition of Consumer Services to your portfolios can decrease your overall portfolio volatility.
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Consumer Services 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.
A focus of Consumer Services technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Consumer Services trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...