Driehaus Micro Cap Fund Market Value
| DMCRX Fund | USD 15.52 0.32 2.11% |
| Symbol | Driehaus |
Driehaus Micro '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 Micro'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 Micro.
| 12/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in Driehaus Micro on December 29, 2023 and sell it all today you would earn a total of 0.00 from holding Driehaus Micro Cap or generate 0.0% return on investment in Driehaus Micro over 330 days. Driehaus Micro is related to or competes with Driehaus Emerging, Driehaus Small, Driehaus Emerging, Driehaus Emerging, Driehaus International, and Driehaus Small/mid. The fund uses a growth style of investment in equity securities, including common stocks and other equity securities of ... More
Driehaus Micro 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 Micro'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 Micro Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.51 | |||
| Information Ratio | 0.092 | |||
| Maximum Drawdown | 7.69 | |||
| Value At Risk | (2.27) | |||
| Potential Upside | 3.15 |
Driehaus Micro Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Driehaus Micro's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Driehaus Micro's standard deviation. In reality, there are many statistical measures that can use Driehaus Micro historical prices to predict the future Driehaus Micro's volatility.| Risk Adjusted Performance | 0.1369 | |||
| Jensen Alpha | 0.0586 | |||
| Total Risk Alpha | 0.0132 | |||
| Sortino Ratio | 0.1002 | |||
| Treynor Ratio | 0.154 |
Driehaus Micro Cap Backtested Returns
Driehaus Micro appears to be very steady, given 3 months investment horizon. Driehaus Micro Cap secures Sharpe Ratio (or Efficiency) of 0.15, which denotes the fund had a 0.15% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Driehaus Micro Cap, which you can use to evaluate the volatility of the entity. Please utilize Driehaus Micro's Mean Deviation of 1.26, coefficient of variation of 582.79, and Downside Deviation of 1.51 to check if our risk estimates are consistent with your expectations. The fund shows a Beta (market volatility) of 1.77, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Driehaus Micro will likely underperform.
Auto-correlation | 0.57 |
Modest predictability
Driehaus Micro Cap has modest predictability. Overlapping area represents the amount of predictability between Driehaus Micro time series from 29th of December 2023 to 11th of June 2024 and 11th of June 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 Micro Cap price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Driehaus Micro price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.61 |
Driehaus Micro Cap lagged returns against current returns
Autocorrelation, which is Driehaus Micro 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 Micro's mutual fund expected returns. We can calculate the autocorrelation of Driehaus Micro returns to help us make a trade decision. For example, suppose you find that Driehaus Micro 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 Micro 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 Micro mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Driehaus Micro 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 Micro mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Driehaus Micro Lagged Returns
When evaluating Driehaus Micro's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Driehaus Micro mutual fund have on its future price. Driehaus Micro 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 Micro autocorrelation shows the relationship between Driehaus Micro mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Driehaus Micro Cap.
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 Micro 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 Micro security.
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