Davis Select Worldwide Etf Market Value
| DWLD Etf | USD 38.78 0.13 0.34% |
| Symbol | Davis |
The market value of Davis Select Worldwide is measured differently than its book value, which is the value of Davis that is recorded on the company's balance sheet. Investors also form their own opinion of Davis Select's value that differs from its market value or its book value, called intrinsic value, which is Davis Select's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Davis Select's market value can be influenced by many factors that don't directly affect Davis Select's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Davis Select's value and its price as these two are different measures arrived at by different means. Investors typically determine if Davis Select is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Davis Select's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Davis Select '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 Select's etf 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 Select.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Davis Select on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Davis Select Worldwide or generate 0.0% return on investment in Davis Select over 540 days. Davis Select is related to or competes with WisdomTree Interest, First Trust, VictoryShares International, Thrivent High, Morningstar Unconstrained, High-yield Municipal, and Via Renewables. The funds investment adviser, uses the Davis Investment Discipline to invest the funds portfolio principally in common s... More
Davis Select 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 Select's etf 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 Select Worldwide upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.52 | |||
| Information Ratio | 0.0472 | |||
| Maximum Drawdown | 8.46 | |||
| Value At Risk | (2.54) | |||
| Potential Upside | 2.11 |
Davis Select Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Davis Select's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Davis Select's standard deviation. In reality, there are many statistical measures that can use Davis Select historical prices to predict the future Davis Select's volatility.| Risk Adjusted Performance | 0.1074 | |||
| Jensen Alpha | 0.0926 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0448 | |||
| Treynor Ratio | 0.2329 |
Davis Select Worldwide Backtested Returns
Davis Select appears to be very steady, given 3 months investment horizon. Davis Select Worldwide secures Sharpe Ratio (or Efficiency) of 0.14, which denotes the etf had a 0.14% return per unit of risk over the last 3 months. We have found thirty technical indicators for Davis Select Worldwide, which you can use to evaluate the volatility of the entity. Please utilize Davis Select's Coefficient Of Variation of 746.41, mean deviation of 1.04, and Downside Deviation of 1.52 to check if our risk estimates are consistent with your expectations. The etf shows a Beta (market volatility) of 0.79, which means possible diversification benefits within a given portfolio. As returns on the market increase, Davis Select's returns are expected to increase less than the market. However, during the bear market, the loss of holding Davis Select is expected to be smaller as well.
Auto-correlation | 0.52 |
Modest predictability
Davis Select Worldwide has modest predictability. Overlapping area represents the amount of predictability between Davis Select time series from 8th of June 2023 to 4th of March 2024 and 4th of March 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 Davis Select Worldwide price movement. The serial correlation of 0.52 indicates that about 52.0% of current Davis Select price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 5.32 |
Davis Select Worldwide lagged returns against current returns
Autocorrelation, which is Davis Select etf'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 Select's etf expected returns. We can calculate the autocorrelation of Davis Select returns to help us make a trade decision. For example, suppose you find that Davis Select has exhibited high autocorrelation historically, and you observe that the etf 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 Select 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 Select etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Davis Select etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Davis Select etf over time.
Current vs Lagged Prices |
| Timeline |
Davis Select Lagged Returns
When evaluating Davis Select's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Davis Select etf have on its future price. Davis Select 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 Select autocorrelation shows the relationship between Davis Select etf current value and its past values and can show if there is a momentum factor associated with investing in Davis Select Worldwide.
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.When determining whether Davis Select Worldwide is a strong investment it is important to analyze Davis Select's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Davis Select's future performance. For an informed investment choice regarding Davis Etf, refer to the following important reports:Check out Davis Select Correlation, Davis Select Volatility and Davis Select Alpha and Beta module to complement your research on Davis Select. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Davis Select technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.