Delaware Wealth Builder Fund Market Value
| DDERX Fund | 14.67 0.12 0.81% |
| Symbol | Delaware |
Delaware Wealth '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 Delaware Wealth'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 Delaware Wealth.
| 11/21/2024 |
| 12/21/2024 |
If you would invest 0.00 in Delaware Wealth on November 21, 2024 and sell it all today you would earn a total of 0.00 from holding Delaware Wealth Builder or generate 0.0% return on investment in Delaware Wealth over 30 days. Delaware Wealth is related to or competes with Optimum Small, Optimum Small, Ivy Apollo, Optimum Fixed, Ivy Asset, Ivy Small, and Optimum International. Under normal circumstances, at least 50 percent of the funds total assets will be invested in income-generating equity s... More
Delaware Wealth 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 Delaware Wealth'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 Delaware Wealth Builder upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 5.11 | |||
| Value At Risk | (0.64) | |||
| Potential Upside | 0.6997 |
Delaware Wealth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Delaware Wealth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Delaware Wealth's standard deviation. In reality, there are many statistical measures that can use Delaware Wealth historical prices to predict the future Delaware Wealth's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.10) | |||
| Treynor Ratio | (0.60) |
Delaware Wealth Builder Backtested Returns
Delaware Wealth Builder secures Sharpe Ratio (or Efficiency) of -0.13, which denotes the fund had a -0.13% return per unit of risk over the last 3 months. Delaware Wealth Builder exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Delaware Wealth's Variance of 0.4529, standard deviation of 0.6729, and Mean Deviation of 0.3887 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.14, which means not very significant fluctuations relative to the market. As returns on the market increase, Delaware Wealth's returns are expected to increase less than the market. However, during the bear market, the loss of holding Delaware Wealth is expected to be smaller as well.
Auto-correlation | -0.69 |
Very good reverse predictability
Delaware Wealth Builder has very good reverse predictability. Overlapping area represents the amount of predictability between Delaware Wealth time series from 21st of November 2024 to 6th of December 2024 and 6th of December 2024 to 21st 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 Delaware Wealth Builder price movement. The serial correlation of -0.69 indicates that around 69.0% of current Delaware Wealth price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.92 | |
| Residual Average | 0.0 | |
| Price Variance | 0.23 |
Delaware Wealth Builder lagged returns against current returns
Autocorrelation, which is Delaware Wealth 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 Delaware Wealth's mutual fund expected returns. We can calculate the autocorrelation of Delaware Wealth returns to help us make a trade decision. For example, suppose you find that Delaware Wealth 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 |
Delaware Wealth 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 Delaware Wealth mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Delaware Wealth mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Delaware Wealth mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Delaware Wealth Lagged Returns
When evaluating Delaware Wealth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Delaware Wealth mutual fund have on its future price. Delaware Wealth 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, Delaware Wealth autocorrelation shows the relationship between Delaware Wealth mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Delaware Wealth Builder.
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 Delaware Mutual Fund
Delaware Wealth financial ratios help investors to determine whether Delaware 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 Delaware with respect to the benefits of owning Delaware Wealth security.
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