Dfa World Ex Fund Market Value
| DWUSX Fund | USD 14.71 0.03 0.20% |
| 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.
| 06/12/2023 |
| 12/03/2024 |
If you would invest 0.00 in Dfa World on June 12, 2023 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 540 days. Dfa World is related to or competes with Intal High, Dfa -, Dfa Inflation, Dfa International, Dfa -, Dfa Mn, and Dfa Municipal. The Portfolio is designed to provide exposure to a broad and diverse portfolio of securities of non-U.S 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 | (0.20) | |||
| Maximum Drawdown | 3.65 | |||
| Value At Risk | (1.52) | |||
| Potential Upside | 1.08 |
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 | (0.03) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (0.11) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dfa World's 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.
Dfa World Ex Backtested Returns
Dfa World Ex secures Sharpe Ratio (or Efficiency) of -0.0061, which denotes the fund had a -0.0061% return per unit of standard deviation over the last 3 months. Dfa World Ex exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Dfa World's Coefficient Of Variation of (2,397), standard deviation of 0.7816, and Mean Deviation of 0.5864 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.39, which means possible diversification benefits within a given portfolio. 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 | 0.34 |
Below average predictability
Dfa World Ex has below average predictability. Overlapping area represents the amount of predictability between Dfa World time series from 12th of June 2023 to 8th of March 2024 and 8th of March 2024 to 3rd 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 Dfa World Ex price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Dfa World price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
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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