Domini International Opportunities Fund Market Value
| RISEX Fund | USD 10.84 0.13 1.21% |
| Symbol | Domini |
Domini International '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 Domini International'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 Domini International.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Domini International on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Domini International Opportunities or generate 0.0% return on investment in Domini International over 30 days. Domini International is related to or competes with Cornerstone Advisors, Domini Impact, and Domini Impact. Under normal circumstances, the fund primarily invests in securities of mid-and large-capitalization companies tied econ... More
Domini International 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 Domini International'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 Domini International Opportunities upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 4.1 | |||
| Value At Risk | (1.64) | |||
| Potential Upside | 1.11 |
Domini International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Domini International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Domini International's standard deviation. In reality, there are many statistical measures that can use Domini International historical prices to predict the future Domini International's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | (0.20) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Domini International'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.
Domini International Backtested Returns
Domini International secures Sharpe Ratio (or Efficiency) of -0.0875, which denotes the fund had a -0.0875% return per unit of risk over the last 3 months. Domini International Opportunities exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Domini International's Mean Deviation of 0.6579, variance of 0.6891, and Standard Deviation of 0.8301 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.46, which means possible diversification benefits within a given portfolio. As returns on the market increase, Domini International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Domini International is expected to be smaller as well.
Auto-correlation | -0.87 |
Excellent reverse predictability
Domini International Opportunities has excellent reverse predictability. Overlapping area represents the amount of predictability between Domini International time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Domini International price movement. The serial correlation of -0.87 indicates that approximately 87.0% of current Domini International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.87 | |
| Spearman Rank Test | -0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Domini International lagged returns against current returns
Autocorrelation, which is Domini International 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 Domini International's mutual fund expected returns. We can calculate the autocorrelation of Domini International returns to help us make a trade decision. For example, suppose you find that Domini International 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 |
Domini International 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 Domini International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Domini International mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Domini International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Domini International Lagged Returns
When evaluating Domini International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Domini International mutual fund have on its future price. Domini International 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, Domini International autocorrelation shows the relationship between Domini International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Domini International Opportunities.
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 Domini Mutual Fund
Domini International financial ratios help investors to determine whether Domini 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 Domini with respect to the benefits of owning Domini International security.
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