Davidson Multi Cap Equity Fund Market Value
| DFMIX Fund | USD 33.08 0.61 1.88% |
| Symbol | Davidson |
Davidson Multi-cap '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 Davidson Multi-cap'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 Davidson Multi-cap.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Davidson Multi-cap on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Davidson Multi Cap Equity or generate 0.0% return on investment in Davidson Multi-cap over 90 days. Davidson Multi-cap is related to or competes with Blackrock Global, Calvert Short, Seix Us, Transamerica Short-term, and Blackrock Short-term. The fund invests at least 80 percent of its net assets in equity securities across a wide range of market capitalization... More
Davidson Multi-cap 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 Davidson Multi-cap'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 Davidson Multi Cap Equity upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 3.98 | |||
| Value At Risk | (1.58) | |||
| Potential Upside | 1.16 |
Davidson Multi-cap Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Davidson Multi-cap's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Davidson Multi-cap's standard deviation. In reality, there are many statistical measures that can use Davidson Multi-cap historical prices to predict the future Davidson Multi-cap's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | 0.0032 | |||
| Treynor Ratio | (0.15) |
Davidson Multi Cap Backtested Returns
Davidson Multi Cap secures Sharpe Ratio (or Efficiency) of -0.12, which denotes the fund had a -0.12 % return per unit of risk over the last 3 months. Davidson Multi Cap Equity exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Davidson Multi-cap's Standard Deviation of 0.9506, mean deviation of 0.7422, and Variance of 0.9037 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.75, which means possible diversification benefits within a given portfolio. As returns on the market increase, Davidson Multi-cap's returns are expected to increase less than the market. However, during the bear market, the loss of holding Davidson Multi-cap is expected to be smaller as well.
Auto-correlation | -0.62 |
Very good reverse predictability
Davidson Multi Cap Equity has very good reverse predictability. Overlapping area represents the amount of predictability between Davidson Multi-cap time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 Davidson Multi Cap price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current Davidson Multi-cap price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.63 |
Davidson Multi Cap lagged returns against current returns
Autocorrelation, which is Davidson Multi-cap 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 Davidson Multi-cap's mutual fund expected returns. We can calculate the autocorrelation of Davidson Multi-cap returns to help us make a trade decision. For example, suppose you find that Davidson Multi-cap 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 |
Davidson Multi-cap 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 Davidson Multi-cap mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Davidson Multi-cap mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Davidson Multi-cap mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Davidson Multi-cap Lagged Returns
When evaluating Davidson Multi-cap's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Davidson Multi-cap mutual fund have on its future price. Davidson Multi-cap 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, Davidson Multi-cap autocorrelation shows the relationship between Davidson Multi-cap mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Davidson Multi Cap Equity.
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 Davidson Mutual Fund
Davidson Multi-cap financial ratios help investors to determine whether Davidson 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 Davidson with respect to the benefits of owning Davidson Multi-cap security.
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