Semiconductor Ultrasector Profund Fund Market Value
| SMPSX Fund | USD 36.73 0.54 1.49% |
| Symbol | Semiconductor |
Semiconductor Ultrasector '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 Semiconductor Ultrasector'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 Semiconductor Ultrasector.
| 05/11/2025 |
| 08/09/2025 |
If you would invest 0.00 in Semiconductor Ultrasector on May 11, 2025 and sell it all today you would earn a total of 0.00 from holding Semiconductor Ultrasector Profund or generate 0.0% return on investment in Semiconductor Ultrasector over 90 days. Semiconductor Ultrasector is related to or competes with Dana Large, Nuveen Large, Fidelity Large, Guidemark Large, Qs Us, and Prudential Qma. The fund invests in financial instruments that the adviser believes, in combination, should produce daily returns consis... More
Semiconductor Ultrasector 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 Semiconductor Ultrasector'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 Semiconductor Ultrasector Profund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.03 | |||
| Information Ratio | 0.3146 | |||
| Maximum Drawdown | 12.73 | |||
| Value At Risk | (3.28) | |||
| Potential Upside | 4.79 |
Semiconductor Ultrasector Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Semiconductor Ultrasector's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Semiconductor Ultrasector's standard deviation. In reality, there are many statistical measures that can use Semiconductor Ultrasector historical prices to predict the future Semiconductor Ultrasector's volatility.| Risk Adjusted Performance | 0.2905 | |||
| Jensen Alpha | 0.9546 | |||
| Total Risk Alpha | 0.5347 | |||
| Sortino Ratio | 0.3839 | |||
| Treynor Ratio | (1.61) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Semiconductor Ultrasector'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.
Semiconductor Ultrasector Backtested Returns
Semiconductor Ultrasector appears to be very steady, given 3 months investment horizon. Semiconductor Ultrasector owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.33, which indicates the fund had a 0.33 % return per unit of risk over the last 3 months. By inspecting Semiconductor Ultrasector's technical indicators, you can evaluate if the expected return of 0.75% is justified by implied risk. Please review Semiconductor Ultrasector's Risk Adjusted Performance of 0.2905, coefficient of variation of 274.73, and Semi Deviation of 1.32 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of -0.55, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Semiconductor Ultrasector are expected to decrease at a much lower rate. During the bear market, Semiconductor Ultrasector is likely to outperform the market.
Auto-correlation | 0.85 |
Very good predictability
Semiconductor Ultrasector Profund has very good predictability. Overlapping area represents the amount of predictability between Semiconductor Ultrasector time series from 11th of May 2025 to 25th of June 2025 and 25th of June 2025 to 9th of August 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Semiconductor Ultrasector price movement. The serial correlation of 0.85 indicates that around 85.0% of current Semiconductor Ultrasector price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 3.08 |
Semiconductor Ultrasector lagged returns against current returns
Autocorrelation, which is Semiconductor Ultrasector 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 Semiconductor Ultrasector's mutual fund expected returns. We can calculate the autocorrelation of Semiconductor Ultrasector returns to help us make a trade decision. For example, suppose you find that Semiconductor Ultrasector 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 |
Semiconductor Ultrasector 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 Semiconductor Ultrasector mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Semiconductor Ultrasector mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Semiconductor Ultrasector mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Semiconductor Ultrasector Lagged Returns
When evaluating Semiconductor Ultrasector's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Semiconductor Ultrasector mutual fund have on its future price. Semiconductor Ultrasector 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, Semiconductor Ultrasector autocorrelation shows the relationship between Semiconductor Ultrasector mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Semiconductor Ultrasector 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.Other Information on Investing in Semiconductor Mutual Fund
Semiconductor Ultrasector financial ratios help investors to determine whether Semiconductor Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Semiconductor with respect to the benefits of owning Semiconductor Ultrasector security.
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