Davis Series Fund Market Value
| RPGXX Fund | USD 1.00 0.00 0.00% |
| Symbol | Davis |
Please note, there is a significant difference between Davis Series' value and its price as these two are different measures arrived at by different means. Investors typically determine if Davis Series is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Davis Series' 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 Series '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 Series' money market 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 Series.
| 12/08/2023 |
| 12/02/2024 |
If you would invest 0.00 in Davis Series on December 8, 2023 and sell it all today you would earn a total of 0.00 from holding Davis Series or generate 0.0% return on investment in Davis Series over 360 days. Davis Series is related to or competes with Principal Lifetime, Qs Us, T Rowe, Growth Strategy, Volumetric Fund, Fm Investments, and Rbb Fund. Davis Series is entity of United States. It is traded as Fund on NMFQS exchange. More
Davis Series 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 Series' money market 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 Series upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.98) | |||
| Maximum Drawdown | 1.01 |
Davis Series Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Davis Series' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Davis Series' standard deviation. In reality, there are many statistical measures that can use Davis Series historical prices to predict the future Davis Series' volatility.| Risk Adjusted Performance | 0.0426 | |||
| Jensen Alpha | 0.0056 | |||
| Total Risk Alpha | (0.02) | |||
| Treynor Ratio | (2.04) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Davis Series' 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 Series Backtested Returns
At this stage we consider Davis Money Market Fund to be not too volatile. Davis Series 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 sixteen technical indicators for Davis Series , which you can use to evaluate the volatility of the entity. Please confirm Davis Series' Mean Deviation of 0.0301, variance of 0.0155, and Standard Deviation of 0.1243 to check if the risk estimate we provide is consistent with the expected return of 0.0158%. The fund shows a Beta (market volatility) of -0.0026, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Davis Series are expected to decrease at a much lower rate. During the bear market, Davis Series is likely to outperform the market.
Auto-correlation | -0.1 |
Very weak reverse predictability
Davis Series has very weak reverse predictability. Overlapping area represents the amount of predictability between Davis Series time series from 8th of December 2023 to 5th of June 2024 and 5th of June 2024 to 2nd 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 Davis Series price movement. The serial correlation of -0.1 indicates that less than 10.0% of current Davis Series price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | 0.95 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Davis Series lagged returns against current returns
Autocorrelation, which is Davis Series money market 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 Series' money market fund expected returns. We can calculate the autocorrelation of Davis Series returns to help us make a trade decision. For example, suppose you find that Davis Series has exhibited high autocorrelation historically, and you observe that the money market 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 Series 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 Series money market fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Davis Series money market fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Davis Series money market fund over time.
Current vs Lagged Prices |
| Timeline |
Davis Series Lagged Returns
When evaluating Davis Series' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Davis Series money market fund have on its future price. Davis Series 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 Series autocorrelation shows the relationship between Davis Series money market fund current value and its past values and can show if there is a momentum factor associated with investing in Davis Series .
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 Money Market Fund
Davis Series financial ratios help investors to determine whether Davis Money Market 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 Series security.
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