Davenport E Fund Market Value
| DAVPX Fund | USD 38.63 0.17 0.44% |
| Symbol | Davenport |
Davenport Core '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 Davenport Core'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 Davenport Core.
| 06/02/2024 |
| 11/29/2024 |
If you would invest 0.00 in Davenport Core on June 2, 2024 and sell it all today you would earn a total of 0.00 from holding Davenport E Fund or generate 0.0% return on investment in Davenport Core over 180 days. Davenport Core is related to or competes with Calamos Dynamic, Gamco Global, Absolute Convertible, Gabelli Convertible, and Rational/pier. Under normal circumstances, the fund will invest at least 80 percent of its net assets in common stocks More
Davenport Core 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 Davenport Core'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 Davenport E Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8866 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 4.04 | |||
| Value At Risk | (1.56) | |||
| Potential Upside | 1.26 |
Davenport Core Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Davenport Core's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Davenport Core's standard deviation. In reality, there are many statistical measures that can use Davenport Core historical prices to predict the future Davenport Core's volatility.| Risk Adjusted Performance | 0.1048 | |||
| Jensen Alpha | 0.0025 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.1184 |
Davenport E Fund Backtested Returns
At this stage we consider Davenport Mutual Fund to be very steady. Davenport E Fund secures Sharpe Ratio (or Efficiency) of 0.18, which denotes the fund had a 0.18% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Davenport E Fund, which you can use to evaluate the volatility of the entity. Please confirm Davenport Core's Downside Deviation of 0.8866, coefficient of variation of 733.35, and Mean Deviation of 0.5723 to check if the risk estimate we provide is consistent with the expected return of 0.13%. The fund shows a Beta (market volatility) of 0.82, which means possible diversification benefits within a given portfolio. As returns on the market increase, Davenport Core's returns are expected to increase less than the market. However, during the bear market, the loss of holding Davenport Core is expected to be smaller as well.
Auto-correlation | 0.50 |
Modest predictability
Davenport E Fund has modest predictability. Overlapping area represents the amount of predictability between Davenport Core time series from 2nd of June 2024 to 31st of August 2024 and 31st of August 2024 to 29th 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 Davenport E Fund price movement. The serial correlation of 0.5 indicates that about 50.0% of current Davenport Core price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.85 |
Davenport E Fund lagged returns against current returns
Autocorrelation, which is Davenport Core 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 Davenport Core's mutual fund expected returns. We can calculate the autocorrelation of Davenport Core returns to help us make a trade decision. For example, suppose you find that Davenport Core 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 |
Davenport Core 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 Davenport Core mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Davenport Core mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Davenport Core mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Davenport Core Lagged Returns
When evaluating Davenport Core's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Davenport Core mutual fund have on its future price. Davenport Core 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, Davenport Core autocorrelation shows the relationship between Davenport Core mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Davenport E Fund.
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 Davenport Mutual Fund
Davenport Core financial ratios help investors to determine whether Davenport 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 Davenport with respect to the benefits of owning Davenport Core security.
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