Deutsche Short Term Municipal Fund Market Value

SRMSX Fund  USD 9.84  0.00  0.00%   
Deutsche Short's market value is the price at which a share of Deutsche Short trades on a public exchange. It measures the collective expectations of Deutsche Short Term Municipal investors about its performance. Deutsche Short is trading at 9.84 as of the 23rd of November 2024; that is No Change since the beginning of the trading day. The fund's open price was 9.84.
With this module, you can estimate the performance of a buy and hold strategy of Deutsche Short Term Municipal and determine expected loss or profit from investing in Deutsche Short over a given investment horizon. Check out Deutsche Short Correlation, Deutsche Short Volatility and Deutsche Short Alpha and Beta module to complement your research on Deutsche Short.
Symbol

Please note, there is a significant difference between Deutsche Short's value and its price as these two are different measures arrived at by different means. Investors typically determine if Deutsche Short is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Deutsche Short's 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.

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.
0.00
09/24/2024
No Change 0.00  0.0 
In 2 months and 2 days
11/23/2024
0.00
If you would invest  0.00  in Deutsche Short on September 24, 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 60 days. Deutsche Short is related to or competes with Deutsche Gnma, Deutsche Short-term, Deutsche Short, Deutsche Science, Deutsche Science, Deutsche Science, and Deutsche Science. 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.

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.
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.
Hype
Prediction
LowEstimatedHigh
9.759.849.93
Details
Intrinsic
Valuation
LowRealHigh
8.969.0510.82
Details
Naive
Forecast
LowNextHigh
9.759.849.93
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
9.849.849.84
Details

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 0.0533, which denotes the fund had a 0.0533% return per unit of risk over the last 3 months. We have found twenty-four 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 1432.18, mean deviation of 0.0502, and Standard Deviation of 0.089 to check if the risk estimate we provide is consistent with the expected return of 0.0047%. The fund shows a Beta (market volatility) of 0.006, 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

    
  -0.3  

Weak reverse predictability

Deutsche Short Term Municipal has weak reverse predictability. Overlapping area represents the amount of predictability between Deutsche Short time series from 24th of September 2024 to 24th of October 2024 and 24th of October 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 Short Term price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Deutsche Short price fluctuation can be explain by its past prices.
Correlation Coefficient-0.3
Spearman Rank Test-0.21
Residual Average0.0
Price Variance0.0

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  

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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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