Delaware Extended Duration Fund Market Value
| DEECX Fund | USD 14.49 0.06 0.42% |
| Symbol | Delaware |
Delaware Extended '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 Extended'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 Extended.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Delaware Extended on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Delaware Extended Duration or generate 0.0% return on investment in Delaware Extended over 30 days. Delaware Extended is related to or competes with Calamos Short-term, Federated Ohio, T Rowe, California Bond, T Rowe, and Jpmorgan Short-intermedia. Under normal circumstances, the fund will invest at least 80 percent of its net assets, plus the amount of any borrowing... More
Delaware Extended 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 Extended'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 Extended Duration upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 2.67 | |||
| Value At Risk | (1.04) | |||
| Potential Upside | 1.03 |
Delaware Extended Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Delaware Extended's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Delaware Extended's standard deviation. In reality, there are many statistical measures that can use Delaware Extended historical prices to predict the future Delaware Extended's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | 0.5362 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Delaware Extended'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 Extended Backtested Returns
Delaware Extended secures Sharpe Ratio (or Efficiency) of -0.0278, which denotes the fund had a -0.0278% return per unit of risk over the last 3 months. Delaware Extended Duration exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Delaware Extended's Standard Deviation of 0.6261, mean deviation of 0.4538, and Variance of 0.392 to check the risk estimate we provide. The fund shows a Beta (market volatility) of -0.0557, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Delaware Extended are expected to decrease at a much lower rate. During the bear market, Delaware Extended is likely to outperform the market.
Auto-correlation | 0.26 |
Poor predictability
Delaware Extended Duration has poor predictability. Overlapping area represents the amount of predictability between Delaware Extended time series from 30th of October 2024 to 14th of November 2024 and 14th of November 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 Delaware Extended price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Delaware Extended price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Delaware Extended lagged returns against current returns
Autocorrelation, which is Delaware Extended 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 Extended's mutual fund expected returns. We can calculate the autocorrelation of Delaware Extended returns to help us make a trade decision. For example, suppose you find that Delaware Extended 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 Extended 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 Extended mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Delaware Extended 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 Extended mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Delaware Extended Lagged Returns
When evaluating Delaware Extended's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Delaware Extended mutual fund have on its future price. Delaware Extended 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 Extended autocorrelation shows the relationship between Delaware Extended mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Delaware Extended Duration.
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 Extended 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 Extended security.
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios |