Davenport E Fund Market Value

DAVPX Fund  USD 37.23  0.51  1.39%   
Davenport Core's market value is the price at which a share of Davenport Core trades on a public exchange. It measures the collective expectations of Davenport E Fund investors about its performance. Davenport Core is trading at 37.23 as of the 1st of March 2025; that is 1.39 percent increase since the beginning of the trading day. The fund's open price was 36.72.
With this module, you can estimate the performance of a buy and hold strategy of Davenport E Fund and determine expected loss or profit from investing in Davenport Core over a given investment horizon. Check out Davenport Core Correlation, Davenport Core Volatility and Davenport Core Alpha and Beta module to complement your research on Davenport Core.
Symbol

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

Davenport Core '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 Davenport Core'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 Davenport Core.
0.00
01/30/2025
No Change 0.00  0.0 
In 31 days
03/01/2025
0.00
If you would invest  0.00  in Davenport Core on January 30, 2025 and sell it all today you would earn a total of 0.00 from holding Davenport E Fund or generate 0.0% return on investment in Davenport Core over 30 days. Davenport Core is related to or competes with Calvert Short, Rbc Short, Blackrock Global, T Rowe, Alpine Ultra, and Old Westbury. Under normal circumstances, the fund will invest at least 80 percent of its net assets in common stocks More

Davenport Core 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 Davenport Core'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 Davenport E Fund upside and downside potential and time the market with a certain degree of confidence.

Davenport Core Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Davenport Core's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Davenport Core's standard deviation. In reality, there are many statistical measures that can use Davenport Core historical prices to predict the future Davenport Core's volatility.
Hype
Prediction
LowEstimatedHigh
36.3837.2338.08
Details
Intrinsic
Valuation
LowRealHigh
36.4037.2538.10
Details
Naive
Forecast
LowNextHigh
35.8436.7037.55
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
36.7137.1237.52
Details

Davenport E Fund Backtested Returns

Davenport E Fund secures Sharpe Ratio (or Efficiency) of -0.0751, which denotes the fund had a -0.0751 % return per unit of risk over the last 3 months. Davenport E Fund exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Davenport Core's Standard Deviation of 0.8378, variance of 0.702, and Mean Deviation of 0.6448 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.65, which means possible diversification benefits within a given portfolio. As returns on the market increase, Davenport Core's returns are expected to increase less than the market. However, during the bear market, the loss of holding Davenport Core is expected to be smaller as well.

Auto-correlation

    
  -0.84  

Excellent reverse predictability

Davenport E Fund has excellent reverse predictability. Overlapping area represents the amount of predictability between Davenport Core time series from 30th of January 2025 to 14th of February 2025 and 14th of February 2025 to 1st of March 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 Davenport E Fund price movement. The serial correlation of -0.84 indicates that around 84.0% of current Davenport Core price fluctuation can be explain by its past prices.
Correlation Coefficient-0.84
Spearman Rank Test-0.79
Residual Average0.0
Price Variance0.28

Davenport E Fund lagged returns against current returns

Autocorrelation, which is Davenport Core 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 Davenport Core's mutual fund expected returns. We can calculate the autocorrelation of Davenport Core returns to help us make a trade decision. For example, suppose you find that Davenport Core 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  

Davenport Core 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 Davenport Core mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Davenport Core mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Davenport Core mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Davenport Core Lagged Returns

When evaluating Davenport Core's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Davenport Core mutual fund have on its future price. Davenport Core 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, Davenport Core autocorrelation shows the relationship between Davenport Core mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Davenport E Fund.
   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 Davenport Mutual Fund

Davenport Core financial ratios help investors to determine whether Davenport 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 Davenport with respect to the benefits of owning Davenport Core security.
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