Dfa California Municipal Fund Market Value
| DCARX Fund | USD 10.67 0.12 1.11% |
| Symbol | Dfa |
Dfa California '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 Dfa California'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 Dfa California.
| 11/20/2023 |
| 12/14/2024 |
If you would invest 0.00 in Dfa California on November 20, 2023 and sell it all today you would earn a total of 0.00 from holding Dfa California Municipal or generate 0.0% return on investment in Dfa California over 390 days. Dfa California is related to or competes with Intal High, Dfa International, Dfa Inflation, Dfa International, Dfa International, Dfa Mn, and Dfa Municipal. The fund seeks to achieve its investment objective by investing primarily in a universe of municipal securities, including inflation-protected municipal securities, issued by or on behalf of California state or local governments and their agencies, instrumentalities, and regional governmental authorities, and in derivative instruments to provide inflation protection. More
Dfa California 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 Dfa California'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 Dfa California Municipal upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4635 | |||
| Information Ratio | (0.66) | |||
| Maximum Drawdown | 1.3 | |||
| Value At Risk | (0.09) | |||
| Potential Upside | 0.0936 |
Dfa California Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dfa California's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dfa California's standard deviation. In reality, there are many statistical measures that can use Dfa California historical prices to predict the future Dfa California's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.22) | |||
| Treynor Ratio | (0.82) |
Dfa California Municipal Backtested Returns
Dfa California Municipal secures Sharpe Ratio (or Efficiency) of -0.0088, which denotes the fund had a -0.0088% return per unit of standard deviation over the last 3 months. Dfa California Municipal exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Dfa California's Downside Deviation of 0.4635, semi deviation of 0.1618, and Mean Deviation of 0.0508 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.0121, which means not very significant fluctuations relative to the market. As returns on the market increase, Dfa California's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dfa California is expected to be smaller as well.
Auto-correlation | 0.95 |
Excellent predictability
Dfa California Municipal has excellent predictability. Overlapping area represents the amount of predictability between Dfa California time series from 20th of November 2023 to 2nd of June 2024 and 2nd of June 2024 to 14th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Dfa California Municipal price movement. The serial correlation of 0.95 indicates that approximately 95.0% of current Dfa California price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.95 | |
| Spearman Rank Test | 0.94 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Dfa California Municipal lagged returns against current returns
Autocorrelation, which is Dfa California 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 Dfa California's mutual fund expected returns. We can calculate the autocorrelation of Dfa California returns to help us make a trade decision. For example, suppose you find that Dfa California 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 |
Dfa California 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 Dfa California mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dfa California mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dfa California mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Dfa California Lagged Returns
When evaluating Dfa California's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dfa California mutual fund have on its future price. Dfa California 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, Dfa California autocorrelation shows the relationship between Dfa California mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Dfa California Municipal.
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 Dfa Mutual Fund
Dfa California financial ratios help investors to determine whether Dfa 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 Dfa with respect to the benefits of owning Dfa California security.
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