Dws Communications Fund Market Value
| COMSX Fund | 38.80 0.17 0.44% |
| Symbol | DWS |
Dws Communications '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 Dws Communications' 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 Dws Communications.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Dws Communications on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Dws Communications or generate 0.0% return on investment in Dws Communications over 30 days. Dws Communications is related to or competes with T Rowe, Multimedia Portfolio, Morningstar Unconstrained, Thrivent High, High-yield Municipal, Via Renewables, and T Rowe. The fund invests at least 80 percent of net assets, plus the amount of any borrowings for investment purposes , in secur... More
Dws Communications 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 Dws Communications' 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 Dws Communications upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9448 | |||
| Information Ratio | 0.0808 | |||
| Maximum Drawdown | 3.88 | |||
| Value At Risk | (1.44) | |||
| Potential Upside | 1.58 |
Dws Communications Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dws Communications' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dws Communications' standard deviation. In reality, there are many statistical measures that can use Dws Communications historical prices to predict the future Dws Communications' volatility.| Risk Adjusted Performance | 0.1464 | |||
| Jensen Alpha | 0.1616 | |||
| Total Risk Alpha | 0.0576 | |||
| Sortino Ratio | 0.0728 | |||
| Treynor Ratio | (1.78) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dws Communications' 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.
Dws Communications Backtested Returns
At this stage we consider DWS Mutual Fund to be very steady. Dws Communications secures Sharpe Ratio (or Efficiency) of 0.19, which denotes the fund had a 0.19% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Dws Communications, which you can use to evaluate the volatility of the entity. Please confirm Dws Communications' Coefficient Of Variation of 518.79, mean deviation of 0.6221, and Downside Deviation of 0.9448 to check if the risk estimate we provide is consistent with the expected return of 0.17%. The fund shows a Beta (market volatility) of -0.0867, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Dws Communications are expected to decrease at a much lower rate. During the bear market, Dws Communications is likely to outperform the market.
Auto-correlation | 0.25 |
Poor predictability
Dws Communications has poor predictability. Overlapping area represents the amount of predictability between Dws Communications time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd of November 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 Dws Communications price movement. The serial correlation of 0.25 indicates that over 25.0% of current Dws Communications price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Dws Communications lagged returns against current returns
Autocorrelation, which is Dws Communications 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 Dws Communications' mutual fund expected returns. We can calculate the autocorrelation of Dws Communications returns to help us make a trade decision. For example, suppose you find that Dws Communications 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 |
Dws Communications 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 Dws Communications mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dws Communications mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dws Communications mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Dws Communications Lagged Returns
When evaluating Dws Communications' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dws Communications mutual fund have on its future price. Dws Communications 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, Dws Communications autocorrelation shows the relationship between Dws Communications mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Dws Communications.
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 DWS Mutual Fund
Dws Communications financial ratios help investors to determine whether DWS 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 DWS with respect to the benefits of owning Dws Communications security.
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities |