Dws Strategic Municipal Market Value
| KSMDelisted Fund | USD 10.07 0.00 0.00% |
| Symbol | Dws |
Dws Strategic '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 Dws Strategic's 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 Dws Strategic.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Dws Strategic on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Dws Strategic Municipal or generate 0.0% return on investment in Dws Strategic over 30 days. Dws Strategic is related to or competes with Invesco Advantage, Invesco Quality, Invesco California, DWS Municipal, Invesco Trust, Munivest Fund, and Blackrock Munivest. Deutsche Strategic Municipal Income Trust is a closed-ended fixed income mutual fund launched and managed by Deutsche In... More
Dws Strategic 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 Dws Strategic's 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 Dws Strategic Municipal upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 19.12 | |||
| Information Ratio | 0.0884 | |||
| Maximum Drawdown | 321.85 | |||
| Value At Risk | (0.40) | |||
| Potential Upside | 0.4965 |
Dws Strategic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dws Strategic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dws Strategic's standard deviation. In reality, there are many statistical measures that can use Dws Strategic historical prices to predict the future Dws Strategic's volatility.| Risk Adjusted Performance | 0.08 | |||
| Jensen Alpha | 4.44 | |||
| Total Risk Alpha | (2.70) | |||
| Sortino Ratio | 0.1888 | |||
| Treynor Ratio | (0.64) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dws Strategic'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.
Dws Strategic Municipal Backtested Returns
Dws Strategic is extremely dangerous given 3 months investment horizon. Dws Strategic Municipal secures Sharpe Ratio (or Efficiency) of 0.0951, which denotes the fund had a 0.0951% return per unit of risk over the last 3 months. We are able to interpolate and collect twenty-five different technical indicators, which can help you to evaluate if expected returns of 4.04% are justified by taking the suggested risk. Use Dws Strategic Coefficient Of Variation of 1092.18, mean deviation of 9.64, and Downside Deviation of 19.12 to evaluate company specific risk that cannot be diversified away. The fund shows a Beta (market volatility) of -5.84, which means a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Dws Strategic are expected to decrease by larger amounts. On the other hand, during market turmoil, Dws Strategic is expected to outperform it.
Auto-correlation | 0.08 |
Virtually no predictability
Dws Strategic Municipal has virtually no predictability. Overlapping area represents the amount of predictability between Dws Strategic time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Dws Strategic Municipal price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Dws Strategic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 6.46 |
Dws Strategic Municipal lagged returns against current returns
Autocorrelation, which is Dws Strategic 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 Dws Strategic's fund expected returns. We can calculate the autocorrelation of Dws Strategic returns to help us make a trade decision. For example, suppose you find that Dws Strategic has exhibited high autocorrelation historically, and you observe that the 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 |
Dws Strategic 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 Dws Strategic fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dws Strategic fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dws Strategic fund over time.
Current vs Lagged Prices |
| Timeline |
Dws Strategic Lagged Returns
When evaluating Dws Strategic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dws Strategic fund have on its future price. Dws Strategic 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, Dws Strategic autocorrelation shows the relationship between Dws Strategic fund current value and its past values and can show if there is a momentum factor associated with investing in Dws Strategic Municipal.
Regressed Prices |
| Timeline |
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Other Consideration for investing in Dws Fund
If you are still planning to invest in Dws Strategic Municipal check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Dws Strategic's history and understand the potential risks before investing.
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