Davenport Insider Buying Fund Market Value
| DBUYX Fund | 11.58 0.08 0.69% |
| Symbol | Davenport |
Davenport Insider '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 Insider'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 Insider.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Davenport Insider on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Davenport Insider Buying or generate 0.0% return on investment in Davenport Insider over 30 days. Davenport Insider is related to or competes with Davenport Small, Davenport Value, T Rowe, Emerging Markets, Telecommunications, Special Opportunities, and Usaa Nasdaq. Under normal circumstances, the fund will generally invest in common stocks of companies that show strong capital apprec... More
Davenport Insider 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 Insider'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 Insider Buying upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7459 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 3.5 | |||
| Value At Risk | (1.06) | |||
| Potential Upside | 1.18 |
Davenport Insider Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Davenport Insider's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Davenport Insider's standard deviation. In reality, there are many statistical measures that can use Davenport Insider historical prices to predict the future Davenport Insider's volatility.| Risk Adjusted Performance | 0.0591 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.0566 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Davenport Insider'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.
Davenport Insider Buying Backtested Returns
At this stage we consider Davenport Mutual Fund to be very steady. Davenport Insider Buying secures Sharpe Ratio (or Efficiency) of 0.15, which denotes the fund had a 0.15% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Davenport Insider Buying, which you can use to evaluate the volatility of the entity. Please confirm Davenport Insider's Mean Deviation of 0.6173, coefficient of variation of 1297.58, and Downside Deviation of 0.7459 to check if the risk estimate we provide is consistent with the expected return of 0.11%. The fund shows a Beta (market volatility) of 0.89, which means possible diversification benefits within a given portfolio. Davenport Insider returns are very sensitive to returns on the market. As the market goes up or down, Davenport Insider is expected to follow.
Auto-correlation | 0.82 |
Very good predictability
Davenport Insider Buying has very good predictability. Overlapping area represents the amount of predictability between Davenport Insider time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th of December 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 Insider Buying price movement. The serial correlation of 0.82 indicates that around 82.0% of current Davenport Insider price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Davenport Insider Buying lagged returns against current returns
Autocorrelation, which is Davenport Insider 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 Insider's mutual fund expected returns. We can calculate the autocorrelation of Davenport Insider returns to help us make a trade decision. For example, suppose you find that Davenport Insider 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 Insider 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 Insider mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Davenport Insider 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 Insider mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Davenport Insider Lagged Returns
When evaluating Davenport Insider's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Davenport Insider mutual fund have on its future price. Davenport Insider 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 Insider autocorrelation shows the relationship between Davenport Insider mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Davenport Insider Buying.
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 Insider 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 Insider security.
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