Delaware Small Cap Fund Market Value
| DCCCX Fund | USD 26.77 0.09 0.34% |
| Symbol | Delaware |
Delaware Small '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 Delaware Small'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 Delaware Small.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Delaware Small on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Delaware Small Cap or generate 0.0% return on investment in Delaware Small over 30 days. Delaware Small is related to or competes with Blrc Sgy, Ambrus Core, Versatile Bond, Artisan High, Barings Active, and Sterling Capital. The fund invests primarily in stocks of small companies that its investment manager believes have a combination of attra... More
Delaware Small 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 Delaware Small'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 Delaware Small Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9842 | |||
| Information Ratio | 0.0127 | |||
| Maximum Drawdown | 7.24 | |||
| Value At Risk | (1.51) | |||
| Potential Upside | 1.91 |
Delaware Small Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Delaware Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Delaware Small's standard deviation. In reality, there are many statistical measures that can use Delaware Small historical prices to predict the future Delaware Small's volatility.| Risk Adjusted Performance | 0.0951 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0158 | |||
| Treynor Ratio | 0.0965 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Delaware Small'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.
Delaware Small Cap Backtested Returns
At this stage we consider Delaware Mutual Fund to be very steady. Delaware Small Cap secures Sharpe Ratio (or Efficiency) of 0.12, which denotes the fund had a 0.12% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Delaware Small Cap, which you can use to evaluate the volatility of the entity. Please confirm Delaware Small's Downside Deviation of 0.9842, coefficient of variation of 836.66, and Mean Deviation of 0.8577 to check if the risk estimate we provide is consistent with the expected return of 0.15%. The fund shows a Beta (market volatility) of 1.41, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Delaware Small will likely underperform.
Auto-correlation | 0.83 |
Very good predictability
Delaware Small Cap has very good predictability. Overlapping area represents the amount of predictability between Delaware Small time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Delaware Small Cap price movement. The serial correlation of 0.83 indicates that around 83.0% of current Delaware Small price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.28 |
Delaware Small Cap lagged returns against current returns
Autocorrelation, which is Delaware Small 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 Delaware Small's mutual fund expected returns. We can calculate the autocorrelation of Delaware Small returns to help us make a trade decision. For example, suppose you find that Delaware Small 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 |
Delaware Small 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 Delaware Small mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Delaware Small mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Delaware Small mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Delaware Small Lagged Returns
When evaluating Delaware Small's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Delaware Small mutual fund have on its future price. Delaware Small 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, Delaware Small autocorrelation shows the relationship between Delaware Small mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Delaware Small Cap.
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 Delaware Mutual Fund
Delaware Small financial ratios help investors to determine whether Delaware 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 Delaware with respect to the benefits of owning Delaware Small security.
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