Dnyax Fund Market Value
| DNYAX Fund | 13.47 0.01 0.07% |
| Symbol | Dnyax |
Dnyax '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 Dnyax'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 Dnyax.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Dnyax on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Dnyax or generate 0.0% return on investment in Dnyax over 90 days. Dnyax is related to or competes with T Rowe, Alternative Asset, Upright Assets, Growth Allocation, Nuveen Nwq, Wasatch Large, and Pnc Balanced. The fund normally invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in municip... More
Dnyax 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 Dnyax'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 Dnyax upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.2718 | |||
| Maximum Drawdown | 1.04 | |||
| Value At Risk | (0.51) | |||
| Potential Upside | 0.2994 |
Dnyax Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dnyax's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dnyax's standard deviation. In reality, there are many statistical measures that can use Dnyax historical prices to predict the future Dnyax's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.01) | |||
| Treynor Ratio | (1.01) |
Dnyax Backtested Returns
Dnyax secures Sharpe Ratio (or Efficiency) of -0.0574, which denotes the fund had a -0.0574 % return per unit of risk over the last 3 months. Dnyax exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Dnyax's Variance of 0.0629, mean deviation of 0.1904, and Standard Deviation of 0.2508 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.0405, which means not very significant fluctuations relative to the market. As returns on the market increase, Dnyax's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dnyax is expected to be smaller as well.
Auto-correlation | -0.61 |
Very good reverse predictability
Dnyax has very good reverse predictability. Overlapping area represents the amount of predictability between Dnyax time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 Dnyax price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current Dnyax price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Dnyax lagged returns against current returns
Autocorrelation, which is Dnyax 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 Dnyax's mutual fund expected returns. We can calculate the autocorrelation of Dnyax returns to help us make a trade decision. For example, suppose you find that Dnyax 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 |
Dnyax 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 Dnyax mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dnyax mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dnyax mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Dnyax Lagged Returns
When evaluating Dnyax's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dnyax mutual fund have on its future price. Dnyax 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, Dnyax autocorrelation shows the relationship between Dnyax mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Dnyax.
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 Dnyax Mutual Fund
Dnyax financial ratios help investors to determine whether Dnyax 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 Dnyax with respect to the benefits of owning Dnyax security.
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Content Syndication Quickly integrate customizable finance content to your own investment portal | |
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals |