Dfa World Ex Fund Market Value
| DWFIX Fund | USD 8.56 0.04 0.47% |
| Symbol | Dfa |
Dfa World '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 World'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 World.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Dfa World on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Dfa World Ex or generate 0.0% return on investment in Dfa World over 30 days. Dfa World is related to or competes with Touchstone Ultra, Ultra-short Fixed, Rbc Short, Locorr Longshort, Jhancock Short, Maryland Short-term, and Nuveen Short. The fund seeks its investment objective by investing in a universe of obligations issued or guaranteed primarily by non-... More
Dfa World 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 World'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 World Ex upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.53) | |||
| Maximum Drawdown | 1.17 | |||
| Value At Risk | (0.35) | |||
| Potential Upside | 0.4635 |
Dfa World Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dfa World's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dfa World's standard deviation. In reality, there are many statistical measures that can use Dfa World historical prices to predict the future Dfa World's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | (2.00) |
Dfa World Ex Backtested Returns
At this stage we consider Dfa Mutual Fund to be very steady. Dfa World Ex secures Sharpe Ratio (or Efficiency) of 0.0083, which denotes the fund had a 0.0083% return per unit of standard deviation over the last 3 months. We have found twenty-two technical indicators for Dfa World Ex, which you can use to evaluate the volatility of the entity. Please confirm Dfa World's Mean Deviation of 0.2026, standard deviation of 0.2578, and Coefficient Of Variation of (3,809) to check if the risk estimate we provide is consistent with the expected return of 0.0022%. The fund shows a Beta (market volatility) of 0.0084, which means not very significant fluctuations relative to the market. As returns on the market increase, Dfa World's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dfa World is expected to be smaller as well.
Auto-correlation | 0.48 |
Average predictability
Dfa World Ex has average predictability. Overlapping area represents the amount of predictability between Dfa World time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 World Ex price movement. The serial correlation of 0.48 indicates that about 48.0% of current Dfa World price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Dfa World Ex lagged returns against current returns
Autocorrelation, which is Dfa World 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 World's mutual fund expected returns. We can calculate the autocorrelation of Dfa World returns to help us make a trade decision. For example, suppose you find that Dfa World 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 World 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 World mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dfa World 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 World mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Dfa World Lagged Returns
When evaluating Dfa World's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dfa World mutual fund have on its future price. Dfa World 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 World autocorrelation shows the relationship between Dfa World mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Dfa World Ex.
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 World 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 World security.
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