Davis Opportunity Fund Market Value
| DGOCX Fund | USD 32.43 0.04 0.12% |
| Symbol | Davis |
Davis Opportunity '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 Davis Opportunity'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 Davis Opportunity.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Davis Opportunity on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Davis Opportunity Fund or generate 0.0% return on investment in Davis Opportunity over 540 days. Davis Opportunity is related to or competes with Scharf Fund, Locorr Dynamic, Multimedia Portfolio, Cutler Equity, Ultra-short Fixed, and The Gabelli. The funds investment adviser uses the Davis Investment Discipline to invest Davis Opportunity Funds portfolio principall... More
Davis Opportunity 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 Davis Opportunity'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 Davis Opportunity Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9381 | |||
| Information Ratio | 0.0282 | |||
| Maximum Drawdown | 4.79 | |||
| Value At Risk | (1.45) | |||
| Potential Upside | 1.56 |
Davis Opportunity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Davis Opportunity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Davis Opportunity's standard deviation. In reality, there are many statistical measures that can use Davis Opportunity historical prices to predict the future Davis Opportunity's volatility.| Risk Adjusted Performance | 0.1225 | |||
| Jensen Alpha | 0.0165 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | 0.0293 | |||
| Treynor Ratio | 0.1305 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Davis Opportunity'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.
Davis Opportunity Backtested Returns
At this stage we consider Davis Mutual Fund to be very steady. Davis Opportunity secures Sharpe Ratio (or Efficiency) of 0.17, which denotes the fund had a 0.17% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Davis Opportunity Fund, which you can use to evaluate the volatility of the entity. Please confirm Davis Opportunity's Mean Deviation of 0.7344, coefficient of variation of 636.86, and Downside Deviation of 0.9381 to check if the risk estimate we provide is consistent with the expected return of 0.16%. The fund shows a Beta (market volatility) of 1.09, which means a somewhat significant risk relative to the market. Davis Opportunity returns are very sensitive to returns on the market. As the market goes up or down, Davis Opportunity is expected to follow.
Auto-correlation | 0.42 |
Average predictability
Davis Opportunity Fund has average predictability. Overlapping area represents the amount of predictability between Davis Opportunity time series from 8th of June 2023 to 4th of March 2024 and 4th of March 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 Davis Opportunity price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Davis Opportunity price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 1.23 |
Davis Opportunity lagged returns against current returns
Autocorrelation, which is Davis Opportunity 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 Davis Opportunity's mutual fund expected returns. We can calculate the autocorrelation of Davis Opportunity returns to help us make a trade decision. For example, suppose you find that Davis Opportunity 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 |
Davis Opportunity 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 Davis Opportunity mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Davis Opportunity mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Davis Opportunity mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Davis Opportunity Lagged Returns
When evaluating Davis Opportunity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Davis Opportunity mutual fund have on its future price. Davis Opportunity 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, Davis Opportunity autocorrelation shows the relationship between Davis Opportunity mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Davis Opportunity Fund.
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 Davis Mutual Fund
Davis Opportunity financial ratios help investors to determine whether Davis 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 Davis with respect to the benefits of owning Davis Opportunity security.
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