Driehaus Event Driven Fund Market Value
| DEVDX Fund | USD 12.95 0.03 0.23% |
| Symbol | Driehaus |
Driehaus Event '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 Driehaus Event'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 Driehaus Event.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Driehaus Event on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Driehaus Event Driven or generate 0.0% return on investment in Driehaus Event over 30 days. Driehaus Event is related to or competes with Riverpark Strategic, Riverpark Strategic, Wasatch Frontier, Touchstone Focused, and Wasatch International. The fund is actively managed by using techniques intended to provide positive returns over full-market cycles More
Driehaus Event 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 Driehaus Event'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 Driehaus Event Driven upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3259 | |||
| Information Ratio | (0.30) | |||
| Maximum Drawdown | 1.48 | |||
| Value At Risk | (0.46) | |||
| Potential Upside | 0.4751 |
Driehaus Event Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Driehaus Event's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Driehaus Event's standard deviation. In reality, there are many statistical measures that can use Driehaus Event historical prices to predict the future Driehaus Event's volatility.| Risk Adjusted Performance | 0.0846 | |||
| Jensen Alpha | 1.0E-4 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.28) | |||
| Treynor Ratio | 0.1213 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Driehaus Event'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.
Driehaus Event Driven Backtested Returns
At this stage we consider Driehaus Mutual Fund to be very steady. Driehaus Event Driven secures Sharpe Ratio (or Efficiency) of 0.1, which denotes the fund had a 0.1% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Driehaus Event Driven, which you can use to evaluate the volatility of the entity. Please confirm Driehaus Event's Mean Deviation of 0.2454, coefficient of variation of 768.29, and Downside Deviation of 0.3259 to check if the risk estimate we provide is consistent with the expected return of 0.0304%. The fund shows a Beta (market volatility) of 0.24, which means not very significant fluctuations relative to the market. As returns on the market increase, Driehaus Event's returns are expected to increase less than the market. However, during the bear market, the loss of holding Driehaus Event is expected to be smaller as well.
Auto-correlation | 0.06 |
Virtually no predictability
Driehaus Event Driven has virtually no predictability. Overlapping area represents the amount of predictability between Driehaus Event time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Driehaus Event Driven price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Driehaus Event price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Driehaus Event Driven lagged returns against current returns
Autocorrelation, which is Driehaus Event 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 Driehaus Event's mutual fund expected returns. We can calculate the autocorrelation of Driehaus Event returns to help us make a trade decision. For example, suppose you find that Driehaus Event 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 |
Driehaus Event 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 Driehaus Event mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Driehaus Event mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Driehaus Event mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Driehaus Event Lagged Returns
When evaluating Driehaus Event's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Driehaus Event mutual fund have on its future price. Driehaus Event 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, Driehaus Event autocorrelation shows the relationship between Driehaus Event mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Driehaus Event Driven.
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 Driehaus Mutual Fund
Driehaus Event financial ratios help investors to determine whether Driehaus 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 Driehaus with respect to the benefits of owning Driehaus Event security.
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