Davis New York Fund Market Value
| NYVCX Fund | USD 24.26 0.29 1.21% |
| Symbol | Davis |
Davis New '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 New'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 Davis New.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Davis New on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Davis New York or generate 0.0% return on investment in Davis New over 30 days. Davis New is related to or competes with Davis International, Davis International, Davis Financial, Davis Appreciation, Davis Real, Davis Government, and Davis Real. Davis Selected Advisers, L.P. , the funds investment adviser, uses the Davis Investment Discipline to invest the funds p... More
Davis New 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 New'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 Davis New York upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.01 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 4.58 | |||
| Value At Risk | (1.61) | |||
| Potential Upside | 1.79 |
Davis New Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Davis New's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Davis New's standard deviation. In reality, there are many statistical measures that can use Davis New historical prices to predict the future Davis New's volatility.| Risk Adjusted Performance | 0.0907 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0965 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Davis New'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.
Davis New York Backtested Returns
At this stage we consider Davis Mutual Fund to be very steady. Davis New York secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the fund had a 0.13% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Davis New York, which you can use to evaluate the volatility of the entity. Please confirm Davis New's Mean Deviation of 0.7106, downside deviation of 1.01, and Coefficient Of Variation of 863.98 to check if the risk estimate we provide is consistent with the expected return of 0.13%. The fund shows a Beta (market volatility) of 1.07, which means a somewhat significant risk relative to the market. Davis New returns are very sensitive to returns on the market. As the market goes up or down, Davis New is expected to follow.
Auto-correlation | 0.50 |
Modest predictability
Davis New York has modest predictability. Overlapping area represents the amount of predictability between Davis New 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 Davis New York price movement. The serial correlation of 0.5 indicates that about 50.0% of current Davis New price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Davis New York lagged returns against current returns
Autocorrelation, which is Davis New 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 Davis New's mutual fund expected returns. We can calculate the autocorrelation of Davis New returns to help us make a trade decision. For example, suppose you find that Davis New 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 |
Davis New 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 New mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Davis New mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Davis New mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Davis New Lagged Returns
When evaluating Davis New's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Davis New mutual fund have on its future price. Davis New 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 New autocorrelation shows the relationship between Davis New mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Davis New York.
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 Davis Mutual Fund
Davis New financial ratios help investors to determine whether Davis 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 Davis with respect to the benefits of owning Davis New security.
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