Davenport Value Income Fund Market Value
| DVIPX Fund | USD 19.79 0.10 0.50% |
| Symbol | Davenport |
Davenport Value '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 Davenport Value'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 Davenport Value.
| 01/09/2024 |
| 12/29/2025 |
If you would invest 0.00 in Davenport Value on January 9, 2024 and sell it all today you would earn a total of 0.00 from holding Davenport Value Income or generate 0.0% return on investment in Davenport Value over 720 days. Davenport Value is related to or competes with Pgim Jennison, Mfs Technology, Dreyfus Technology, Science Technology, Red Oak, and Towpath Technology. Under normal circumstances, the fund will invest primarily in common stocks of companies that have established business ... More
Davenport Value 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 Davenport Value'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 Davenport Value Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6173 | |||
| Information Ratio | 0.0136 | |||
| Maximum Drawdown | 5.12 | |||
| Value At Risk | (0.91) | |||
| Potential Upside | 1.21 |
Davenport Value Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Davenport Value's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Davenport Value's standard deviation. In reality, there are many statistical measures that can use Davenport Value historical prices to predict the future Davenport Value's volatility.| Risk Adjusted Performance | 0.0831 | |||
| Jensen Alpha | 0.0334 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | 0.0183 | |||
| Treynor Ratio | 0.1226 |
Davenport Value Income Backtested Returns
At this stage we consider Davenport Mutual Fund to be very steady. Davenport Value Income secures Sharpe Ratio (or Efficiency) of 0.11, which denotes the fund had a 0.11 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Davenport Value Income, which you can use to evaluate the volatility of the entity. Please confirm Davenport Value's Coefficient Of Variation of 860.35, downside deviation of 0.6173, and Mean Deviation of 0.5693 to check if the risk estimate we provide is consistent with the expected return of 0.096%. The fund shows a Beta (market volatility) of 0.71, which means possible diversification benefits within a given portfolio. As returns on the market increase, Davenport Value's returns are expected to increase less than the market. However, during the bear market, the loss of holding Davenport Value is expected to be smaller as well.
Auto-correlation | 0.88 |
Very good predictability
Davenport Value Income has very good predictability. Overlapping area represents the amount of predictability between Davenport Value time series from 9th of January 2024 to 3rd of January 2025 and 3rd of January 2025 to 29th of December 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 Davenport Value Income price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Davenport Value price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.87 | |
| Residual Average | 0.0 | |
| Price Variance | 0.83 |
Davenport Value Income lagged returns against current returns
Autocorrelation, which is Davenport Value 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 Davenport Value's mutual fund expected returns. We can calculate the autocorrelation of Davenport Value returns to help us make a trade decision. For example, suppose you find that Davenport Value 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 |
Davenport Value 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 Davenport Value mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Davenport Value mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Davenport Value mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Davenport Value Lagged Returns
When evaluating Davenport Value's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Davenport Value mutual fund have on its future price. Davenport Value 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, Davenport Value autocorrelation shows the relationship between Davenport Value mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Davenport Value Income.
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 Davenport Mutual Fund
Davenport Value financial ratios help investors to determine whether Davenport 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 Davenport with respect to the benefits of owning Davenport Value security.
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