Delaware Tax Free Pennsylvania Fund Market Value
| DELIX Fund | USD 7.43 0.04 0.54% |
| Symbol | Delaware |
Delaware Tax '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 Tax'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 Tax.
| 12/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in Delaware Tax on December 19, 2023 and sell it all today you would earn a total of 0.00 from holding Delaware Tax Free Pennsylvania or generate 0.0% return on investment in Delaware Tax over 360 days. Delaware Tax is related to or competes with Optimum Small, Optimum Small, Ivy Apollo, Optimum Fixed, Ivy Asset, Ivy Small, and Optimum International. Under normal circumstances, the fund will invest at least 80 percent of its net assets, plus the amount of any borrowing... More
Delaware Tax 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 Tax'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 Tax Free Pennsylvania upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.35) | |||
| Maximum Drawdown | 1.9 | |||
| Value At Risk | (0.53) | |||
| Potential Upside | 0.534 |
Delaware Tax Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Delaware Tax's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Delaware Tax's standard deviation. In reality, there are many statistical measures that can use Delaware Tax historical prices to predict the future Delaware Tax's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.001) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | 0.1099 |
Delaware Tax Free Backtested Returns
Delaware Tax Free secures Sharpe Ratio (or Efficiency) of -0.0109, which denotes the fund had a -0.0109% return per unit of risk over the last 3 months. Delaware Tax Free Pennsylvania exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Delaware Tax's Mean Deviation of 0.2015, variance of 0.1084, and Standard Deviation of 0.3293 to check the risk estimate we provide. The fund shows a Beta (market volatility) of -0.12, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Delaware Tax are expected to decrease at a much lower rate. During the bear market, Delaware Tax is likely to outperform the market.
Auto-correlation | 0.38 |
Below average predictability
Delaware Tax Free Pennsylvania has below average predictability. Overlapping area represents the amount of predictability between Delaware Tax time series from 19th of December 2023 to 16th of June 2024 and 16th of June 2024 to 13th 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 Tax Free price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Delaware Tax price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Delaware Tax Free lagged returns against current returns
Autocorrelation, which is Delaware Tax 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 Tax's mutual fund expected returns. We can calculate the autocorrelation of Delaware Tax returns to help us make a trade decision. For example, suppose you find that Delaware Tax 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 Tax 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 Tax mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Delaware Tax 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 Tax mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Delaware Tax Lagged Returns
When evaluating Delaware Tax's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Delaware Tax mutual fund have on its future price. Delaware Tax 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 Tax autocorrelation shows the relationship between Delaware Tax mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Delaware Tax Free Pennsylvania.
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 Tax 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 Tax security.
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments |