Driehaus Small Cap Fund Market Value
| DNSMX Fund | USD 26.15 0.05 0.19% |
| Symbol | Driehaus |
Driehaus Small '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 Small'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 Small.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Driehaus Small on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Driehaus Small Cap or generate 0.0% return on investment in Driehaus Small over 30 days. Driehaus Small is related to or competes with Driehaus Emerging, Driehaus Micro, Driehaus Emerging, Driehaus Emerging, Driehaus International, Driehaus Small/mid, and Driehaus Event. The fund uses a growth style of investment in equity securities, including common stocks and other equity securities of ... More
Driehaus Small 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 Small'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 Small Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.27 | |||
| Information Ratio | 0.0562 | |||
| Maximum Drawdown | 6.39 | |||
| Value At Risk | (2.05) | |||
| Potential Upside | 2.61 |
Driehaus Small Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Driehaus Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Driehaus Small's standard deviation. In reality, there are many statistical measures that can use Driehaus Small historical prices to predict the future Driehaus Small's volatility.| Risk Adjusted Performance | 0.1192 | |||
| Jensen Alpha | 0.0306 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0607 | |||
| Treynor Ratio | 0.1406 |
Driehaus Small Cap Backtested Returns
Driehaus Small appears to be very steady, given 3 months investment horizon. Driehaus Small Cap secures Sharpe Ratio (or Efficiency) of 0.18, which denotes the fund had a 0.18% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Driehaus Small Cap, which you can use to evaluate the volatility of the entity. Please utilize Driehaus Small's Mean Deviation of 1.01, coefficient of variation of 665.8, and Downside Deviation of 1.27 to check if our risk estimates are consistent with your expectations. The fund shows a Beta (market volatility) of 1.39, 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 Small will likely underperform.
Auto-correlation | 0.90 |
Excellent predictability
Driehaus Small Cap has excellent predictability. Overlapping area represents the amount of predictability between Driehaus Small time series from 28th of October 2024 to 12th of November 2024 and 12th of November 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 Small Cap price movement. The serial correlation of 0.9 indicates that approximately 90.0% of current Driehaus Small price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.9 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.24 |
Driehaus Small Cap lagged returns against current returns
Autocorrelation, which is Driehaus Small 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 Small's mutual fund expected returns. We can calculate the autocorrelation of Driehaus Small returns to help us make a trade decision. For example, suppose you find that Driehaus Small 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 Small 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 Small mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Driehaus Small 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 Small mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Driehaus Small Lagged Returns
When evaluating Driehaus Small's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Driehaus Small mutual fund have on its future price. Driehaus Small 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 Small autocorrelation shows the relationship between Driehaus Small mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Driehaus Small 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 Small 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 Small security.
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