Dnyax Fund Manager Performance Evaluation
| DNYAX Fund | 13.75 0.05 0.36% |
The fund shows a Beta (market volatility) of -0.0945, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Dnyax are expected to decrease at a much lower rate. During the bear market, Dnyax is likely to outperform the market.
Risk-Adjusted Performance
4 of 100
Weak | Strong |
Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in Dnyax are ranked lower than 4 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong basic indicators, Dnyax is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
...moreDnyax |
Dnyax Relative Risk vs. Return Landscape
If you would invest 1,362 in Dnyax on August 28, 2024 and sell it today you would earn a total of 13.00 from holding Dnyax or generate 0.95% return on investment over 90 days. Dnyax is currently producing 0.0152% returns and takes up 0.2514% volatility of returns over 90 trading days. Put another way, 2% of traded mutual funds are less volatile than Dnyax, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Dnyax Current Valuation
Overvalued
Today
Please note that Dnyax's price fluctuation is very steady at this time. Dnyax shows a prevailing Real Value of USD13.25 per share. The current price of the fund is USD13.75. Our model computes the value of Dnyax from reviewing the entity technical indicators and probability of bankruptcy. In general, investors advise acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will submerge.
Since Dnyax is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Dnyax Mutual Fund. However, Dnyax's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 13.75 | Real 13.25 | Hype 13.75 |
The intrinsic value of Dnyax's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Dnyax's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Dnyax helps investors to forecast how Dnyax mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Dnyax more accurately as focusing exclusively on Dnyax's fundamentals will not take into account other important factors: Dnyax Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dnyax's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Dnyax, and traders can use it to determine the average amount a Dnyax's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0603
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | DNYAX |
Estimated Market Risk
| 0.25 actual daily | 2 98% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Dnyax is performing at about 4% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Dnyax by adding it to a well-diversified portfolio.
About Dnyax Performance
Evaluating Dnyax's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Dnyax has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Dnyax has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
The fund normally invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in municipal bonds that provide income exempt from federal, New York State and New York City income taxes and the federal alternative minimum tax. It invests at least 70 percent of its assets in municipal bonds rated, at the time of purchase, investment grade or the unrated equivalent as determined by the funds sub-adviser. The fund is non-diversified.Things to note about Dnyax performance evaluation
Checking the ongoing alerts about Dnyax for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Dnyax help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.Evaluating Dnyax's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Dnyax's mutual fund performance include:- Analyzing Dnyax's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Dnyax's stock is overvalued or undervalued compared to its peers.
- Examining Dnyax's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Dnyax's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Dnyax's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Dnyax's mutual fund. These opinions can provide insight into Dnyax's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Dnyax Mutual Fund
Dnyax financial ratios help investors to determine whether Dnyax 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 Dnyax with respect to the benefits of owning Dnyax security.
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. |