Dfa Selective State Fund Market Value
| DSSMX Fund | USD 9.50 0.01 0.11% |
| Symbol | Dfa |
Dfa Selective '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 Selective'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 Selective.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Dfa Selective on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Dfa Selective State or generate 0.0% return on investment in Dfa Selective over 30 days. Dfa Selective is related to or competes with Vanguard Intermediate, Tax Exempt, Blackrock National, HUMANA, Thrivent High, Morningstar Unconstrained, and High-yield Municipal. The fund seeks its investment objective by investing primarily in a universe of investment grade municipal securities, t... More
Dfa Selective 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 Selective'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 Selective State upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1947 | |||
| Information Ratio | (1.10) | |||
| Maximum Drawdown | 0.6331 | |||
| Value At Risk | (0.11) | |||
| Potential Upside | 0.1059 |
Dfa Selective Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dfa Selective's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dfa Selective's standard deviation. In reality, there are many statistical measures that can use Dfa Selective historical prices to predict the future Dfa Selective's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | 5.0E-4 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.61) | |||
| Treynor Ratio | 0.1006 |
Dfa Selective State Backtested Returns
At this stage we consider Dfa Mutual Fund to be very steady. Dfa Selective State secures Sharpe Ratio (or Efficiency) of 0.0612, which denotes the fund had a 0.0612% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Dfa Selective State, which you can use to evaluate the volatility of the entity. Please confirm Dfa Selective's Semi Deviation of 0.0339, downside deviation of 0.1947, and Mean Deviation of 0.0609 to check if the risk estimate we provide is consistent with the expected return of 0.0068%. The fund shows a Beta (market volatility) of -0.0353, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Dfa Selective are expected to decrease at a much lower rate. During the bear market, Dfa Selective is likely to outperform the market.
Auto-correlation | 0.50 |
Modest predictability
Dfa Selective State has modest predictability. Overlapping area represents the amount of predictability between Dfa Selective time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Selective State price movement. The serial correlation of 0.5 indicates that about 50.0% of current Dfa Selective price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Dfa Selective State lagged returns against current returns
Autocorrelation, which is Dfa Selective 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 Selective's mutual fund expected returns. We can calculate the autocorrelation of Dfa Selective returns to help us make a trade decision. For example, suppose you find that Dfa Selective 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 Selective 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 Selective mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dfa Selective 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 Selective mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Dfa Selective Lagged Returns
When evaluating Dfa Selective's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dfa Selective mutual fund have on its future price. Dfa Selective 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 Selective autocorrelation shows the relationship between Dfa Selective mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Dfa Selective State.
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 Selective 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 Selective security.
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities |