Deutsche Massachusetts Tax Free Fund Market Value
| SCMAX Fund | USD 13.21 0.01 0.08% |
| Symbol | Deutsche |
Deutsche Massachusetts '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 Deutsche Massachusetts' 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 Deutsche Massachusetts.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Deutsche Massachusetts on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Deutsche Massachusetts Tax Free or generate 0.0% return on investment in Deutsche Massachusetts over 30 days. Deutsche Massachusetts is related to or competes with Ultrasmall-cap Profund, Small Cap, Palm Valley, Northern Small, Lord Abbett, Hennessy Nerstone, and American Century. Under normal circumstances, the fund invests at least 80 percent of net assets, plus the amount of any borrowings for in... More
Deutsche Massachusetts 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 Deutsche Massachusetts' 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 Deutsche Massachusetts Tax Free upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3051 | |||
| Information Ratio | (0.58) | |||
| Maximum Drawdown | 1.22 | |||
| Value At Risk | (0.37) | |||
| Potential Upside | 0.3037 |
Deutsche Massachusetts Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Deutsche Massachusetts' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Deutsche Massachusetts' standard deviation. In reality, there are many statistical measures that can use Deutsche Massachusetts historical prices to predict the future Deutsche Massachusetts' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.41) | |||
| Treynor Ratio | (0.15) |
Deutsche Massachusetts Backtested Returns
At this stage we consider Deutsche Mutual Fund to be out of control. Deutsche Massachusetts secures Sharpe Ratio (or Efficiency) of 0.017, which denotes the fund had a 0.017% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Deutsche Massachusetts Tax Free, which you can use to evaluate the volatility of the entity. Please confirm Deutsche Massachusetts' Downside Deviation of 0.3051, coefficient of variation of 4514.19, and Mean Deviation of 0.1364 to check if the risk estimate we provide is consistent with the expected return of 0.0037%. The fund shows a Beta (market volatility) of 0.0356, which means not very significant fluctuations relative to the market. As returns on the market increase, Deutsche Massachusetts' returns are expected to increase less than the market. However, during the bear market, the loss of holding Deutsche Massachusetts is expected to be smaller as well.
Auto-correlation | 0.33 |
Below average predictability
Deutsche Massachusetts Tax Free has below average predictability. Overlapping area represents the amount of predictability between Deutsche Massachusetts time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Deutsche Massachusetts price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Deutsche Massachusetts price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Deutsche Massachusetts lagged returns against current returns
Autocorrelation, which is Deutsche Massachusetts 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 Deutsche Massachusetts' mutual fund expected returns. We can calculate the autocorrelation of Deutsche Massachusetts returns to help us make a trade decision. For example, suppose you find that Deutsche Massachusetts 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 |
Deutsche Massachusetts 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 Deutsche Massachusetts mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Deutsche Massachusetts mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Deutsche Massachusetts mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Deutsche Massachusetts Lagged Returns
When evaluating Deutsche Massachusetts' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Deutsche Massachusetts mutual fund have on its future price. Deutsche Massachusetts 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, Deutsche Massachusetts autocorrelation shows the relationship between Deutsche Massachusetts mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Deutsche Massachusetts Tax Free.
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 Deutsche Mutual Fund
Deutsche Massachusetts financial ratios help investors to determine whether Deutsche 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 Deutsche with respect to the benefits of owning Deutsche Massachusetts security.
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