Dfa Ny Municipal Fund Market Value
| DNYMX Fund | USD 10.14 0.02 0.20% |
| Symbol | Dfa |
Dfa Ny '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 Ny'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 Ny.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Dfa Ny on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Dfa Ny Municipal or generate 0.0% return on investment in Dfa Ny over 30 days. Dfa Ny is related to or competes with Goldman Sachs, Vanguard Equity, Upright Assets, Pace Large, and Alternative Asset. Under normal market conditions, the fund will invest at least 80 percent of its net assets in municipal securities that ... More
Dfa Ny 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 Ny'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 Ny Municipal upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (3.22) | |||
| Maximum Drawdown | 0.1977 | |||
| Potential Upside | 0.0988 |
Dfa Ny Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dfa Ny's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dfa Ny's standard deviation. In reality, there are many statistical measures that can use Dfa Ny historical prices to predict the future Dfa Ny's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.01) | |||
| Treynor Ratio | (0.28) |
Dfa Ny Municipal Backtested Returns
At this stage we consider Dfa Mutual Fund to be very steady. Dfa Ny Municipal secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the fund had a 0.13% return per unit of standard deviation over the last 3 months. We have found twenty-one technical indicators for Dfa Ny Municipal, which you can use to evaluate the volatility of the entity. Please confirm Dfa Ny's Mean Deviation of 0.0218, standard deviation of 0.0377, and Coefficient Of Variation of 419.29 to check if the risk estimate we provide is consistent with the expected return of 0.0062%. The fund shows a Beta (market volatility) of 0.0036, which means not very significant fluctuations relative to the market. As returns on the market increase, Dfa Ny's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dfa Ny is expected to be smaller as well.
Auto-correlation | 0.45 |
Average predictability
Dfa Ny Municipal has average predictability. Overlapping area represents the amount of predictability between Dfa Ny 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 Dfa Ny Municipal price movement. The serial correlation of 0.45 indicates that just about 45.0% of current Dfa Ny price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Dfa Ny Municipal lagged returns against current returns
Autocorrelation, which is Dfa Ny 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 Ny's mutual fund expected returns. We can calculate the autocorrelation of Dfa Ny returns to help us make a trade decision. For example, suppose you find that Dfa Ny 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 Ny 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 Ny mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dfa Ny 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 Ny mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Dfa Ny Lagged Returns
When evaluating Dfa Ny's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dfa Ny mutual fund have on its future price. Dfa Ny 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 Ny autocorrelation shows the relationship between Dfa Ny mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Dfa Ny 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 Ny 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 Ny security.
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