Driehaus Multi Asset Growth Fund Market Value
| DMAGX Fund | USD 17.08 0.05 0.29% |
| Symbol | Driehaus |
Driehaus Multi-asset '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 Multi-asset'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 Multi-asset.
| 12/03/2023 |
| 11/27/2024 |
If you would invest 0.00 in Driehaus Multi-asset on December 3, 2023 and sell it all today you would earn a total of 0.00 from holding Driehaus Multi Asset Growth or generate 0.0% return on investment in Driehaus Multi-asset over 360 days. Driehaus Multi-asset is related to or competes with Dimensional Retirement, Pro-blend(r) Moderate, Jp Morgan, Saat Moderate, American Funds, and Moderately Aggressive. Under normal market conditions, the fund invests substantially all of its net assets in emerging markets securities More
Driehaus Multi-asset 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 Multi-asset'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 Multi Asset Growth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8712 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 3.93 | |||
| Value At Risk | (1.43) | |||
| Potential Upside | 1.22 |
Driehaus Multi-asset Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Driehaus Multi-asset's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Driehaus Multi-asset's standard deviation. In reality, there are many statistical measures that can use Driehaus Multi-asset historical prices to predict the future Driehaus Multi-asset's volatility.| Risk Adjusted Performance | 0.1047 | |||
| Jensen Alpha | 0.0998 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (7.32) |
Driehaus Multi Asset Backtested Returns
At this stage we consider Driehaus Mutual Fund to be very steady. Driehaus Multi Asset secures Sharpe Ratio (or Efficiency) of 0.14, which denotes the fund had a 0.14% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Driehaus Multi Asset Growth, which you can use to evaluate the volatility of the entity. Please confirm Driehaus Multi-asset's Mean Deviation of 0.5801, downside deviation of 0.8712, and Coefficient Of Variation of 732.37 to check if the risk estimate we provide is consistent with the expected return of 0.11%. The fund shows a Beta (market volatility) of -0.0134, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Driehaus Multi-asset are expected to decrease at a much lower rate. During the bear market, Driehaus Multi-asset is likely to outperform the market.
Auto-correlation | 0.64 |
Good predictability
Driehaus Multi Asset Growth has good predictability. Overlapping area represents the amount of predictability between Driehaus Multi-asset time series from 3rd of December 2023 to 31st of May 2024 and 31st of May 2024 to 27th 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 Multi Asset price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Driehaus Multi-asset price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.29 |
Driehaus Multi Asset lagged returns against current returns
Autocorrelation, which is Driehaus Multi-asset 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 Multi-asset's mutual fund expected returns. We can calculate the autocorrelation of Driehaus Multi-asset returns to help us make a trade decision. For example, suppose you find that Driehaus Multi-asset 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 Multi-asset 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 Multi-asset mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Driehaus Multi-asset 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 Multi-asset mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Driehaus Multi-asset Lagged Returns
When evaluating Driehaus Multi-asset's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Driehaus Multi-asset mutual fund have on its future price. Driehaus Multi-asset 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 Multi-asset autocorrelation shows the relationship between Driehaus Multi-asset mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Driehaus Multi Asset Growth.
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 Multi-asset 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 Multi-asset security.
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account |