Dimensional Australia (Australia) Market Value
| DACE Etf | 16.91 0.07 0.42% |
| Symbol | Dimensional |
Please note, there is a significant difference between Dimensional Australia's value and its price as these two are different measures arrived at by different means. Investors typically determine if Dimensional Australia is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dimensional Australia'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.
Dimensional Australia '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 Dimensional Australia's etf 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 Dimensional Australia.
| 12/23/2024 |
| 01/22/2025 |
If you would invest 0.00 in Dimensional Australia on December 23, 2024 and sell it all today you would earn a total of 0.00 from holding Dimensional Australia Core or generate 0.0% return on investment in Dimensional Australia over 30 days. Dimensional Australia is related to or competes with IShares MSCI, and VanEck Vectors. More
Dimensional Australia 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 Dimensional Australia's etf 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 Dimensional Australia Core upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6542 | |||
| Information Ratio | 0.0141 | |||
| Maximum Drawdown | 3.15 | |||
| Value At Risk | (0.80) | |||
| Potential Upside | 1.27 |
Dimensional Australia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dimensional Australia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dimensional Australia's standard deviation. In reality, there are many statistical measures that can use Dimensional Australia historical prices to predict the future Dimensional Australia's volatility.| Risk Adjusted Performance | 0.0538 | |||
| Jensen Alpha | 0.0309 | |||
| Total Risk Alpha | 0.0147 | |||
| Sortino Ratio | 0.0144 | |||
| Treynor Ratio | 0.2322 |
Dimensional Australia Backtested Returns
Currently, Dimensional Australia Core is very steady. Dimensional Australia secures Sharpe Ratio (or Efficiency) of 0.0669, which denotes the etf had a 0.0669 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Dimensional Australia Core, which you can use to evaluate the volatility of the entity. Please confirm Dimensional Australia's Downside Deviation of 0.6542, mean deviation of 0.5289, and Coefficient Of Variation of 1494.03 to check if the risk estimate we provide is consistent with the expected return of 0.0447%. The etf shows a Beta (market volatility) of 0.15, which means not very significant fluctuations relative to the market. As returns on the market increase, Dimensional Australia's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dimensional Australia is expected to be smaller as well.
Auto-correlation | 0.54 |
Modest predictability
Dimensional Australia Core has modest predictability. Overlapping area represents the amount of predictability between Dimensional Australia time series from 23rd of December 2024 to 7th of January 2025 and 7th of January 2025 to 22nd of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Dimensional Australia price movement. The serial correlation of 0.54 indicates that about 54.0% of current Dimensional Australia price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Dimensional Australia lagged returns against current returns
Autocorrelation, which is Dimensional Australia etf'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 Dimensional Australia's etf expected returns. We can calculate the autocorrelation of Dimensional Australia returns to help us make a trade decision. For example, suppose you find that Dimensional Australia has exhibited high autocorrelation historically, and you observe that the etf 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 |
Dimensional Australia 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 Dimensional Australia etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dimensional Australia etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dimensional Australia etf over time.
Current vs Lagged Prices |
| Timeline |
Dimensional Australia Lagged Returns
When evaluating Dimensional Australia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dimensional Australia etf have on its future price. Dimensional Australia 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, Dimensional Australia autocorrelation shows the relationship between Dimensional Australia etf current value and its past values and can show if there is a momentum factor associated with investing in Dimensional Australia Core.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Dimensional Etf
Dimensional Australia financial ratios help investors to determine whether Dimensional Etf 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 Dimensional with respect to the benefits of owning Dimensional Australia security.