Dfa Mn Municipal Fund Market Value
| DMNBX Fund | USD 9.85 0.01 0.10% |
| Symbol | DFA |
Dfa Mn '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 Dfa Mn'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 Dfa Mn.
| 12/03/2023 |
| 11/27/2024 |
If you would invest 0.00 in Dfa Mn on December 3, 2023 and sell it all today you would earn a total of 0.00 from holding Dfa Mn Municipal or generate 0.0% return on investment in Dfa Mn over 360 days. Dfa Mn is related to or competes with Angel Oak, Jhancock Short, Federated Short-intermedia, Quantitative, Rbc Short, and Franklin Federal. The fund seeks its investment objective by investing primarily in a universe of municipal securities issued by or on beh... More
Dfa Mn 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 Dfa Mn'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 Dfa Mn Municipal upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (2.52) | |||
| Maximum Drawdown | 0.2037 | |||
| Value At Risk | (0.10) | |||
| Potential Upside | 0.1017 |
Dfa Mn Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dfa Mn's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dfa Mn's standard deviation. In reality, there are many statistical measures that can use Dfa Mn historical prices to predict the future Dfa Mn's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.01) | |||
| Treynor Ratio | 0.7147 |
Dfa Mn Municipal Backtested Returns
At this stage we consider DFA Mutual Fund to be out of control. Dfa Mn Municipal secures Sharpe Ratio (or Efficiency) of 0.0975, which denotes the fund had a 0.0975% return per unit of standard deviation over the last 3 months. We have found twenty-two technical indicators for Dfa Mn Municipal, which you can use to evaluate the volatility of the entity. Please confirm Dfa Mn's Standard Deviation of 0.0498, mean deviation of 0.0248, and Coefficient Of Variation of 1025.89 to check if the risk estimate we provide is consistent with the expected return of 0.0049%. The fund shows a Beta (market volatility) of -0.0072, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Dfa Mn are expected to decrease at a much lower rate. During the bear market, Dfa Mn is likely to outperform the market.
Auto-correlation | 0.57 |
Modest predictability
Dfa Mn Municipal has modest predictability. Overlapping area represents the amount of predictability between Dfa Mn 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 Dfa Mn Municipal price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Dfa Mn price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Dfa Mn Municipal lagged returns against current returns
Autocorrelation, which is Dfa Mn 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 Dfa Mn's mutual fund expected returns. We can calculate the autocorrelation of Dfa Mn returns to help us make a trade decision. For example, suppose you find that Dfa Mn 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 |
Dfa Mn 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 Dfa Mn mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dfa Mn mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dfa Mn mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Dfa Mn Lagged Returns
When evaluating Dfa Mn's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dfa Mn mutual fund have on its future price. Dfa Mn 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, Dfa Mn autocorrelation shows the relationship between Dfa Mn mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Dfa Mn Municipal.
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 DFA Mutual Fund
Dfa Mn financial ratios help investors to determine whether DFA 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 DFA with respect to the benefits of owning Dfa Mn security.
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