Delaware Tax Free Orado Fund Market Value
| DCOIX Fund | USD 10.56 0.03 0.28% |
| Symbol | Delaware |
Delaware Tax-free '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 Tax-free'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 Tax-free.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Delaware Tax-free on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Delaware Tax Free Orado or generate 0.0% return on investment in Delaware Tax-free over 30 days. Delaware Tax-free is related to or competes with Optimum Small-mid, Optimum Small-mid, Ivy Apollo, Optimum Fixed, Ivy Asset, Ivy Small, and Optimum Large. Under normal circumstances, the fund will invest at least 80 percent of its net assets, plus the amount of any borrowing... More
Delaware Tax-free 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 Tax-free'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 Tax Free Orado upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4919 | |||
| Information Ratio | (0.39) | |||
| Maximum Drawdown | 1.83 | |||
| Value At Risk | (0.47) | |||
| Potential Upside | 0.3842 |
Delaware Tax-free Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Delaware Tax-free's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Delaware Tax-free's standard deviation. In reality, there are many statistical measures that can use Delaware Tax-free historical prices to predict the future Delaware Tax-free's volatility.| Risk Adjusted Performance | 0.0411 | |||
| Jensen Alpha | 0.027 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.23) | |||
| Treynor Ratio | (0.10) |
Delaware Tax Free Backtested Returns
At this stage we consider Delaware Mutual Fund to be very steady. Delaware Tax Free secures Sharpe Ratio (or Efficiency) of 0.0513, which denotes the fund had a 0.0513% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Delaware Tax Free Orado, which you can use to evaluate the volatility of the entity. Please confirm Delaware Tax-free's Mean Deviation of 0.1766, downside deviation of 0.4919, and Coefficient Of Variation of 1345.12 to check if the risk estimate we provide is consistent with the expected return of 0.0153%. The fund shows a Beta (market volatility) of -0.12, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Delaware Tax-free are expected to decrease at a much lower rate. During the bear market, Delaware Tax-free is likely to outperform the market.
Auto-correlation | 0.63 |
Good predictability
Delaware Tax Free Orado has good predictability. Overlapping area represents the amount of predictability between Delaware Tax-free time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Delaware Tax Free price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Delaware Tax-free price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.9 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Delaware Tax Free lagged returns against current returns
Autocorrelation, which is Delaware Tax-free 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 Tax-free's mutual fund expected returns. We can calculate the autocorrelation of Delaware Tax-free returns to help us make a trade decision. For example, suppose you find that Delaware Tax-free 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 Tax-free 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 Tax-free mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Delaware Tax-free 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 Tax-free mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Delaware Tax-free Lagged Returns
When evaluating Delaware Tax-free's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Delaware Tax-free mutual fund have on its future price. Delaware Tax-free 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 Tax-free autocorrelation shows the relationship between Delaware Tax-free mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Delaware Tax Free Orado.
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 Tax-free 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 Tax-free security.
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