Davenport Equity Opportunities Fund Market Value
| DEOPX Fund | USD 26.71 0.49 1.87% |
| Symbol | Davenport |
Davenport Equity '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 Equity'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 Equity.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in Davenport Equity on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding Davenport Equity Opportunities or generate 0.0% return on investment in Davenport Equity over 180 days. Davenport Equity is related to or competes with Davenport Small, Davenport Core, Davenport Balanced, Davenport Insider, Davenport Value, Prudential Jennison. Under normal circumstances, at least 80 percent of the funds net assets will be invested in common stocks and shares of ... More
Davenport Equity 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 Equity'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 Equity Opportunities upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8312 | |||
| Information Ratio | 0.0418 | |||
| Maximum Drawdown | 4.64 | |||
| Value At Risk | (1.19) | |||
| Potential Upside | 1.69 |
Davenport Equity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Davenport Equity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Davenport Equity's standard deviation. In reality, there are many statistical measures that can use Davenport Equity historical prices to predict the future Davenport Equity's volatility.| Risk Adjusted Performance | 0.1388 | |||
| Jensen Alpha | 0.0305 | |||
| Total Risk Alpha | 0.0125 | |||
| Sortino Ratio | 0.0471 | |||
| Treynor Ratio | 0.147 |
Davenport Equity Opp Backtested Returns
At this stage we consider Davenport Mutual Fund to be very steady. Davenport Equity Opp secures Sharpe Ratio (or Efficiency) of 0.2, which denotes the fund had a 0.2% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Davenport Equity Opportunities, which you can use to evaluate the volatility of the entity. Please confirm Davenport Equity's Downside Deviation of 0.8312, coefficient of variation of 557.87, and Mean Deviation of 0.7042 to check if the risk estimate we provide is consistent with the expected return of 0.19%. The fund shows a Beta (market volatility) of 1.07, which means a somewhat significant risk relative to the market. Davenport Equity returns are very sensitive to returns on the market. As the market goes up or down, Davenport Equity is expected to follow.
Auto-correlation | 0.47 |
Average predictability
Davenport Equity Opportunities has average predictability. Overlapping area represents the amount of predictability between Davenport Equity time series from 30th of May 2024 to 28th of August 2024 and 28th of August 2024 to 26th 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 Davenport Equity Opp price movement. The serial correlation of 0.47 indicates that about 47.0% of current Davenport Equity price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.57 |
Davenport Equity Opp lagged returns against current returns
Autocorrelation, which is Davenport Equity 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 Equity's mutual fund expected returns. We can calculate the autocorrelation of Davenport Equity returns to help us make a trade decision. For example, suppose you find that Davenport Equity 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 Equity 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 Equity mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Davenport Equity 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 Equity mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Davenport Equity Lagged Returns
When evaluating Davenport Equity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Davenport Equity mutual fund have on its future price. Davenport Equity 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 Equity autocorrelation shows the relationship between Davenport Equity mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Davenport Equity Opportunities.
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 Equity 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 Equity security.
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