Ddj Opportunistic High Fund Market Value
| DDJRX Fund | USD 7.28 0.01 0.14% |
| Symbol | DDJ |
Ddj Opportunistic '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 Ddj Opportunistic'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 Ddj Opportunistic.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in Ddj Opportunistic on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding Ddj Opportunistic High or generate 0.0% return on investment in Ddj Opportunistic over 360 days. Ddj Opportunistic is related to or competes with Prnpl Inv, Polen Global, Polen Global, Polen International, Polen International, Polen Growth, and Polen Growth. The fund invests in fixed- and floating-rate high yield fixed income securities with a focus on middle market issuers in... More
Ddj Opportunistic 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 Ddj Opportunistic'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 Ddj Opportunistic High upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1835 | |||
| Information Ratio | (0.96) | |||
| Maximum Drawdown | 0.5548 | |||
| Value At Risk | (0.14) | |||
| Potential Upside | 0.1391 |
Ddj Opportunistic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ddj Opportunistic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ddj Opportunistic's standard deviation. In reality, there are many statistical measures that can use Ddj Opportunistic historical prices to predict the future Ddj Opportunistic's volatility.| Risk Adjusted Performance | 0.0995 | |||
| Jensen Alpha | 0.0052 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0.59) | |||
| Treynor Ratio | 0.1996 |
Ddj Opportunistic High Backtested Returns
At this stage we consider DDJ Mutual Fund to be very steady. Ddj Opportunistic High 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-seven technical indicators for Ddj Opportunistic High, which you can use to evaluate the volatility of the entity. Please confirm Ddj Opportunistic's Mean Deviation of 0.0823, coefficient of variation of 486.33, and Standard Deviation of 0.1125 to check if the risk estimate we provide is consistent with the expected return of 0.0192%. The fund shows a Beta (market volatility) of 0.0658, which means not very significant fluctuations relative to the market. As returns on the market increase, Ddj Opportunistic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ddj Opportunistic is expected to be smaller as well.
Auto-correlation | 0.94 |
Excellent predictability
Ddj Opportunistic High has excellent predictability. Overlapping area represents the amount of predictability between Ddj Opportunistic time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th 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 Ddj Opportunistic High price movement. The serial correlation of 0.94 indicates that approximately 94.0% of current Ddj Opportunistic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.94 | |
| Spearman Rank Test | 0.96 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Ddj Opportunistic High lagged returns against current returns
Autocorrelation, which is Ddj Opportunistic 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 Ddj Opportunistic's mutual fund expected returns. We can calculate the autocorrelation of Ddj Opportunistic returns to help us make a trade decision. For example, suppose you find that Ddj Opportunistic 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 |
Ddj Opportunistic 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 Ddj Opportunistic mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ddj Opportunistic mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ddj Opportunistic mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Ddj Opportunistic Lagged Returns
When evaluating Ddj Opportunistic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ddj Opportunistic mutual fund have on its future price. Ddj Opportunistic 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, Ddj Opportunistic autocorrelation shows the relationship between Ddj Opportunistic mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ddj Opportunistic High.
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 DDJ Mutual Fund
Ddj Opportunistic financial ratios help investors to determine whether DDJ 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 DDJ with respect to the benefits of owning Ddj Opportunistic security.
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