Davis New Cash Position Weight vs. One Year Return
| DNVYX Fund | USD 31.96 0.12 0.38% |
For Davis New profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Davis New to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Davis New York utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Davis New's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Davis New York over time as well as its relative position and ranking within its peers.
Davis |
Davis New York One Year Return vs. Cash Position Weight Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Davis New's current stock value. Our valuation model uses many indicators to compare Davis New value to that of its competitors to determine the firm's financial worth. Davis New York is one of the top funds in cash position weight among similar funds. It also is one of the top funds in one year return among similar funds reporting about 5.20 of One Year Return per Cash Position Weight. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Davis New's earnings, one of the primary drivers of an investment's value.Davis One Year Return vs. Cash Position Weight
Percentage of fund asset invested in cash equivalents or risk-free instruments. About 40% of all global funds carry cash on their balance sheet.
Davis New |
| = | 6.13 % |
Funds or ETFs that have over 40% of their value invested in low-risk instruments or cash equivalents typically attract conservative investors.
One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
Davis New |
| = | 31.90 % |
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
Davis One Year Return Comparison
Davis New is currently under evaluation in one year return among similar funds.
Davis New Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Davis New, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Davis New will eventually generate negative long term returns. The profitability progress is the general direction of Davis New's change in net profit over the period of time. It can combine multiple indicators of Davis New, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Davis Selected Advisers, L.P. , the funds investment adviser, uses the Davis Investment Discipline to invest the funds portfolio principally in common stocks issued by large companies with market capitalizations of at least 10 billion. Historically, the fund has invested a significant portion of its assets in financial services companies and in foreign companies, and may also invest in mid- and small- capitalization companies.
Davis Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Davis New. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Davis New position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Davis New's important profitability drivers and their relationship over time.
Use Davis New in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Davis New position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Davis New will appreciate offsetting losses from the drop in the long position's value.Davis New Pair Trading
Davis New York Pair Trading Analysis
The ability to find closely correlated positions to Davis New could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Davis New when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Davis New - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Davis New York to buy it.
The correlation of Davis New is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Davis New moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Davis New York moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Davis New can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Davis New position
In addition to having Davis New in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Large Value Funds Thematic Idea Now
Large Value Funds
Funds or Etfs that invest in the undervalued stocks of large-sized companies. The Large Value Funds theme has 46 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Large Value Funds Theme or any other thematic opportunities.
| View All Next | Launch |
Other Information on Investing in Davis Mutual Fund
To fully project Davis New's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Davis New York at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Davis New's income statement, its balance sheet, and the statement of cash flows.
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated |