Delaware Investments Ultrashort Fund Market Value
| DULTX Fund | USD 9.96 0.00 0.00% |
| Symbol | Delaware |
Delaware Investments '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 Delaware Investments' 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 Delaware Investments.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Delaware Investments on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Delaware Investments Ultrashort or generate 0.0% return on investment in Delaware Investments over 30 days. Delaware Investments is related to or competes with Optimum Small, Optimum Small, Ivy Apollo, Optimum Fixed, Ivy Asset, Ivy Small, and Optimum International. The fund will invest all of its net assets, plus the amount of any borrowings for investment purposes, in investment gra... More
Delaware Investments 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 Delaware Investments' 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 Delaware Investments Ultrashort upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.94) | |||
| Maximum Drawdown | 0.809 | |||
| Value At Risk | (0.10) | |||
| Potential Upside | 0.1015 |
Delaware Investments Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Delaware Investments' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Delaware Investments' standard deviation. In reality, there are many statistical measures that can use Delaware Investments historical prices to predict the future Delaware Investments' volatility.| Risk Adjusted Performance | 0.0535 | |||
| Jensen Alpha | 0.0081 | |||
| Total Risk Alpha | (0.01) | |||
| Treynor Ratio | (0.68) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Delaware Investments' 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.
Delaware Investments Backtested Returns
At this stage we consider Delaware Mutual Fund to be very steady. Delaware Investments secures Sharpe Ratio (or Efficiency) of 0.15, which denotes the fund had a 0.15% return per unit of risk over the last 3 months. We have found eighteen technical indicators for Delaware Investments Ultrashort, which you can use to evaluate the volatility of the entity. Please confirm Delaware Investments' Variance of 0.0131, standard deviation of 0.1144, and Mean Deviation of 0.0491 to check if the risk estimate we provide is consistent with the expected return of 0.0177%. The fund shows a Beta (market volatility) of -0.0102, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Delaware Investments are expected to decrease at a much lower rate. During the bear market, Delaware Investments is likely to outperform the market.
Auto-correlation | -0.16 |
Insignificant reverse predictability
Delaware Investments Ultrashort has insignificant reverse predictability. Overlapping area represents the amount of predictability between Delaware Investments time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th of December 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 Delaware Investments price movement. The serial correlation of -0.16 indicates that over 16.0% of current Delaware Investments price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Delaware Investments lagged returns against current returns
Autocorrelation, which is Delaware Investments 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 Delaware Investments' mutual fund expected returns. We can calculate the autocorrelation of Delaware Investments returns to help us make a trade decision. For example, suppose you find that Delaware Investments 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 |
Delaware Investments 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 Delaware Investments mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Delaware Investments mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Delaware Investments mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Delaware Investments Lagged Returns
When evaluating Delaware Investments' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Delaware Investments mutual fund have on its future price. Delaware Investments 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, Delaware Investments autocorrelation shows the relationship between Delaware Investments mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Delaware Investments Ultrashort.
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 Delaware Mutual Fund
Delaware Investments financial ratios help investors to determine whether Delaware 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 Delaware with respect to the benefits of owning Delaware Investments security.
| Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals |