Deutsche Short Term Municipal Fund Market Value
| SRMCX Fund | USD 9.86 0.01 0.10% |
| Symbol | Deutsche |
Deutsche Short '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 Short'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 Deutsche Short.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in Deutsche Short on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding Deutsche Short Term Municipal or generate 0.0% return on investment in Deutsche Short over 90 days. Deutsche Short is related to or competes with Huber Capital, Harbor Diversified, Pimco Diversified, Adams Diversified, Pgim Conservative, Blackrock Conservative, and Fidelity Advisor. Under normal market conditions, the fund invests at least 80 percent of its assets, determined at the time of purchase, ... More
Deutsche Short 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 Short'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 Deutsche Short Term Municipal upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1672 | |||
| Information Ratio | (1.61) | |||
| Maximum Drawdown | 0.5083 | |||
| Value At Risk | (0.10) | |||
| Potential Upside | 0.1018 |
Deutsche Short Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Deutsche Short's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Deutsche Short's standard deviation. In reality, there are many statistical measures that can use Deutsche Short historical prices to predict the future Deutsche Short's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.76) | |||
| Treynor Ratio | (1.26) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Deutsche Short'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.
Deutsche Short Term Backtested Returns
At this stage we consider Deutsche Mutual Fund to be very steady. Deutsche Short Term secures Sharpe Ratio (or Efficiency) of 0.0406, which denotes the fund had a 0.0406% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Deutsche Short Term Municipal, which you can use to evaluate the volatility of the entity. Please confirm Deutsche Short's Coefficient Of Variation of 2460.99, mean deviation of 0.0403, and Downside Deviation of 0.1672 to check if the risk estimate we provide is consistent with the expected return of 0.0032%. The fund shows a Beta (market volatility) of 0.0054, which means not very significant fluctuations relative to the market. As returns on the market increase, Deutsche Short's returns are expected to increase less than the market. However, during the bear market, the loss of holding Deutsche Short is expected to be smaller as well.
Auto-correlation | -0.36 |
Poor reverse predictability
Deutsche Short Term Municipal has poor reverse predictability. Overlapping area represents the amount of predictability between Deutsche Short time series from 29th of August 2024 to 13th of October 2024 and 13th of October 2024 to 27th 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 Short Term price movement. The serial correlation of -0.36 indicates that just about 36.0% of current Deutsche Short price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Deutsche Short Term lagged returns against current returns
Autocorrelation, which is Deutsche Short 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 Short's mutual fund expected returns. We can calculate the autocorrelation of Deutsche Short returns to help us make a trade decision. For example, suppose you find that Deutsche Short 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 Short 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 Short mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Deutsche Short 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 Short mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Deutsche Short Lagged Returns
When evaluating Deutsche Short's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Deutsche Short mutual fund have on its future price. Deutsche Short 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 Short autocorrelation shows the relationship between Deutsche Short mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Deutsche Short Term Municipal.
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 Short 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 Short security.
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