Davenport Balanced Income Fund Market Value

DBALX Fund  USD 13.47  0.02  0.15%   
Davenport Balanced's market value is the price at which a share of Davenport Balanced trades on a public exchange. It measures the collective expectations of Davenport Balanced Income investors about its performance. Davenport Balanced is trading at 13.47 as of the 5th of March 2025; that is 0.15 percent decrease since the beginning of the trading day. The fund's open price was 13.49.
With this module, you can estimate the performance of a buy and hold strategy of Davenport Balanced Income and determine expected loss or profit from investing in Davenport Balanced over a given investment horizon. Check out Davenport Balanced Correlation, Davenport Balanced Volatility and Davenport Balanced Alpha and Beta module to complement your research on Davenport Balanced.
Symbol

Please note, there is a significant difference between Davenport Balanced's value and its price as these two are different measures arrived at by different means. Investors typically determine if Davenport Balanced is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Davenport Balanced'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 Balanced '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 Balanced'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 Balanced.
0.00
02/03/2025
No Change 0.00  0.0 
In 30 days
03/05/2025
0.00
If you would invest  0.00  in Davenport Balanced on February 3, 2025 and sell it all today you would earn a total of 0.00 from holding Davenport Balanced Income or generate 0.0% return on investment in Davenport Balanced over 30 days. Davenport Balanced is related to or competes with Doubleline Emerging, Artisan High, Guidemark, Ab Bond, and Massmutual Premier. The fund invests in a diversified portfolio of equity and fixed income securities, including exchange-traded funds that ... More

Davenport Balanced 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 Balanced'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 Balanced Income upside and downside potential and time the market with a certain degree of confidence.

Davenport Balanced Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Davenport Balanced's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Davenport Balanced's standard deviation. In reality, there are many statistical measures that can use Davenport Balanced historical prices to predict the future Davenport Balanced's volatility.
Hype
Prediction
LowEstimatedHigh
13.0313.4713.91
Details
Intrinsic
Valuation
LowRealHigh
12.9713.4113.85
Details
Naive
Forecast
LowNextHigh
13.1513.5914.03
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
12.8413.2113.58
Details

Davenport Balanced Income Backtested Returns

At this stage we consider Davenport Mutual Fund to be very steady. Davenport Balanced Income secures Sharpe Ratio (or Efficiency) of close to zero, which denotes the fund had a close to zero % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Davenport Balanced Income, which you can use to evaluate the volatility of the entity. Please confirm Davenport Balanced's Coefficient Of Variation of 19921.75, downside deviation of 0.4908, and Mean Deviation of 0.3362 to check if the risk estimate we provide is consistent with the expected return of 0.0022%. The fund shows a Beta (market volatility) of 0.28, which means not very significant fluctuations relative to the market. As returns on the market increase, Davenport Balanced's returns are expected to increase less than the market. However, during the bear market, the loss of holding Davenport Balanced is expected to be smaller as well.

Auto-correlation

    
  0.70  

Good predictability

Davenport Balanced Income has good predictability. Overlapping area represents the amount of predictability between Davenport Balanced time series from 3rd of February 2025 to 18th of February 2025 and 18th of February 2025 to 5th 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 Balanced Income price movement. The serial correlation of 0.7 indicates that around 70.0% of current Davenport Balanced price fluctuation can be explain by its past prices.
Correlation Coefficient0.7
Spearman Rank Test0.57
Residual Average0.0
Price Variance0.0

Davenport Balanced Income lagged returns against current returns

Autocorrelation, which is Davenport Balanced 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 Balanced's mutual fund expected returns. We can calculate the autocorrelation of Davenport Balanced returns to help us make a trade decision. For example, suppose you find that Davenport Balanced 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 Balanced 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 Balanced mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Davenport Balanced 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 Balanced mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Davenport Balanced Lagged Returns

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

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Other Information on Investing in Davenport Mutual Fund

Davenport Balanced 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 Balanced security.
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