Davis Real Estate Fund Market Value
| DRECX Fund | USD 42.15 0.02 0.05% |
| Symbol | Davis |
Davis Real '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 Davis Real'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 Davis Real.
| 01/03/2025 |
| 02/02/2025 |
If you would invest 0.00 in Davis Real on January 3, 2025 and sell it all today you would earn a total of 0.00 from holding Davis Real Estate or generate 0.0% return on investment in Davis Real over 30 days. Davis Real is related to or competes with Great-west Goldman, Franklin Gold, Short Precious, Gold And, Deutsche Gold, Precious Metals, and Invesco Gold. The funds investment adviser uses the Davis Investment Discipline to invest at least 80 percent of the funds net assets,... More
Davis Real 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 Davis Real'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 Davis Real Estate upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 5.65 | |||
| Value At Risk | (1.88) | |||
| Potential Upside | 1.5 |
Davis Real Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Davis Real's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Davis Real's standard deviation. In reality, there are many statistical measures that can use Davis Real historical prices to predict the future Davis Real's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | (0.22) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Davis Real's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Davis Real Estate Backtested Returns
Davis Real Estate secures Sharpe Ratio (or Efficiency) of -0.0693, which denotes the fund had a -0.0693 % return per unit of risk over the last 3 months. Davis Real Estate exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Davis Real's Standard Deviation of 1.19, variance of 1.42, and Mean Deviation of 0.9317 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.54, which means possible diversification benefits within a given portfolio. As returns on the market increase, Davis Real's returns are expected to increase less than the market. However, during the bear market, the loss of holding Davis Real is expected to be smaller as well.
Auto-correlation | -0.09 |
Very weak reverse predictability
Davis Real Estate has very weak reverse predictability. Overlapping area represents the amount of predictability between Davis Real time series from 3rd of January 2025 to 18th of January 2025 and 18th of January 2025 to 2nd of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Davis Real Estate price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Davis Real price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Davis Real Estate lagged returns against current returns
Autocorrelation, which is Davis Real 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 Davis Real's mutual fund expected returns. We can calculate the autocorrelation of Davis Real returns to help us make a trade decision. For example, suppose you find that Davis Real 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 |
Davis Real 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 Davis Real mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Davis Real mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Davis Real mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Davis Real Lagged Returns
When evaluating Davis Real's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Davis Real mutual fund have on its future price. Davis Real 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, Davis Real autocorrelation shows the relationship between Davis Real mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Davis Real Estate.
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 Davis Mutual Fund
Davis Real financial ratios help investors to determine whether Davis 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 Davis with respect to the benefits of owning Davis Real security.
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years |