Asia Pacific Small Fund Market Value
| DFRSX Fund | USD 16.68 0.06 0.36% |
| Symbol | Asia |
Asia Pacific '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 Asia Pacific'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 Asia Pacific.
| 11/21/2024 |
| 12/21/2024 |
If you would invest 0.00 in Asia Pacific on November 21, 2024 and sell it all today you would earn a total of 0.00 from holding Asia Pacific Small or generate 0.0% return on investment in Asia Pacific over 30 days. Asia Pacific is related to or competes with Intal High, Dfa International, Dfa Inflation, Dfa International, Dfa International, Dfa Mn, and Dfa Municipal. The Portfolio is a Feeder Portfolio and pursues its objective by investing substantially all of its assets in its corres... More
Asia Pacific 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 Asia Pacific'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 Asia Pacific Small upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 7.64 | |||
| Value At Risk | (1.57) | |||
| Potential Upside | 1.93 |
Asia Pacific Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Asia Pacific's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Asia Pacific's standard deviation. In reality, there are many statistical measures that can use Asia Pacific historical prices to predict the future Asia Pacific's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (0.89) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Asia Pacific's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Asia Pacific Small Backtested Returns
Asia Pacific Small secures Sharpe Ratio (or Efficiency) of -0.15, which signifies that the fund had a -0.15% return per unit of risk over the last 3 months. Asia Pacific Small exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Asia Pacific's Standard Deviation of 1.2, mean deviation of 0.8358, and Risk Adjusted Performance of (0.07) to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.14, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Asia Pacific's returns are expected to increase less than the market. However, during the bear market, the loss of holding Asia Pacific is expected to be smaller as well.
Auto-correlation | -0.82 |
Excellent reverse predictability
Asia Pacific Small has excellent reverse predictability. Overlapping area represents the amount of predictability between Asia Pacific 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 Asia Pacific Small price movement. The serial correlation of -0.82 indicates that around 82.0% of current Asia Pacific price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.82 | |
| Spearman Rank Test | -0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.54 |
Asia Pacific Small lagged returns against current returns
Autocorrelation, which is Asia Pacific 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 Asia Pacific's mutual fund expected returns. We can calculate the autocorrelation of Asia Pacific returns to help us make a trade decision. For example, suppose you find that Asia Pacific 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 |
Asia Pacific 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 Asia Pacific mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Asia Pacific mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Asia Pacific mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Asia Pacific Lagged Returns
When evaluating Asia Pacific's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Asia Pacific mutual fund have on its future price. Asia Pacific 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, Asia Pacific autocorrelation shows the relationship between Asia Pacific mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Asia Pacific Small.
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 Asia Mutual Fund
Asia Pacific financial ratios help investors to determine whether Asia 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 Asia with respect to the benefits of owning Asia Pacific security.
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