Delaware Healthcare Fund Market Value
| DLHCX Fund | USD 24.90 0.29 1.18% |
| Symbol | Delaware |
Delaware Healthcare '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 Healthcare'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 Healthcare.
| 12/07/2022 |
| 11/26/2024 |
If you would invest 0.00 in Delaware Healthcare on December 7, 2022 and sell it all today you would earn a total of 0.00 from holding Delaware Healthcare Fund or generate 0.0% return on investment in Delaware Healthcare over 720 days. Delaware Healthcare is related to or competes with Optimum Small, Optimum Small, Ivy Apollo, Optimum Fixed, Ivy Asset, Optimum International, and Optimum Large. Under normal circumstances, the fund will invest at least 80 percent of its assets, plus the amount of any borrowings fo... More
Delaware Healthcare 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 Healthcare'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 Healthcare Fund upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.32) | |||
| Maximum Drawdown | 4.35 | |||
| Value At Risk | (1.45) | |||
| Potential Upside | 0.9638 |
Delaware Healthcare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Delaware Healthcare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Delaware Healthcare's standard deviation. In reality, there are many statistical measures that can use Delaware Healthcare historical prices to predict the future Delaware Healthcare's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | (0.20) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Delaware Healthcare'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 Healthcare Backtested Returns
Delaware Healthcare secures Sharpe Ratio (or Efficiency) of -0.16, which denotes the fund had a -0.16% return per unit of risk over the last 3 months. Delaware Healthcare Fund exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Delaware Healthcare's Standard Deviation of 0.8047, mean deviation of 0.6239, and Variance of 0.6475 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.7, which means possible diversification benefits within a given portfolio. As returns on the market increase, Delaware Healthcare's returns are expected to increase less than the market. However, during the bear market, the loss of holding Delaware Healthcare is expected to be smaller as well.
Auto-correlation | -0.37 |
Poor reverse predictability
Delaware Healthcare Fund has poor reverse predictability. Overlapping area represents the amount of predictability between Delaware Healthcare time series from 7th of December 2022 to 2nd of December 2023 and 2nd of December 2023 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 Delaware Healthcare price movement. The serial correlation of -0.37 indicates that just about 37.0% of current Delaware Healthcare price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 2.02 |
Delaware Healthcare lagged returns against current returns
Autocorrelation, which is Delaware Healthcare 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 Healthcare's mutual fund expected returns. We can calculate the autocorrelation of Delaware Healthcare returns to help us make a trade decision. For example, suppose you find that Delaware Healthcare 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 Healthcare 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 Healthcare mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Delaware Healthcare 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 Healthcare mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Delaware Healthcare Lagged Returns
When evaluating Delaware Healthcare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Delaware Healthcare mutual fund have on its future price. Delaware Healthcare 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 Healthcare autocorrelation shows the relationship between Delaware Healthcare mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Delaware Healthcare 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 Delaware Mutual Fund
Delaware Healthcare 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 Healthcare security.
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing |