Driehaus Emerging Markets Fund Market Value
| DRESX Fund | USD 22.04 0.01 0.05% |
| Symbol | Driehaus |
Driehaus Emerging '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 Driehaus Emerging'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 Driehaus Emerging.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Driehaus Emerging on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Driehaus Emerging Markets or generate 0.0% return on investment in Driehaus Emerging over 90 days. Driehaus Emerging is related to or competes with Transamerica Financial, Royce Global, Fidelity Advisor, Prudential Financial, and Gabelli Global. The fund uses a growth style of investment in equity securities, including common stocks and other equity securities of ... More
Driehaus Emerging 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 Driehaus Emerging'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 Driehaus Emerging Markets upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 3.26 | |||
| Value At Risk | (1.40) | |||
| Potential Upside | 1.19 |
Driehaus Emerging Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Driehaus Emerging's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Driehaus Emerging's standard deviation. In reality, there are many statistical measures that can use Driehaus Emerging historical prices to predict the future Driehaus Emerging's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (0.09) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Driehaus Emerging'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.
Driehaus Emerging Markets Backtested Returns
Driehaus Emerging Markets secures Sharpe Ratio (or Efficiency) of -0.0117, which denotes the fund had a -0.0117% return per unit of risk over the last 3 months. Driehaus Emerging Markets exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Driehaus Emerging's Standard Deviation of 0.7362, variance of 0.5419, and Mean Deviation of 0.5603 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.52, which means possible diversification benefits within a given portfolio. As returns on the market increase, Driehaus Emerging's returns are expected to increase less than the market. However, during the bear market, the loss of holding Driehaus Emerging is expected to be smaller as well.
Auto-correlation | -0.35 |
Poor reverse predictability
Driehaus Emerging Markets has poor reverse predictability. Overlapping area represents the amount of predictability between Driehaus Emerging time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 2024 to 2nd 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 Driehaus Emerging Markets price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current Driehaus Emerging price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Driehaus Emerging Markets lagged returns against current returns
Autocorrelation, which is Driehaus Emerging 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 Driehaus Emerging's mutual fund expected returns. We can calculate the autocorrelation of Driehaus Emerging returns to help us make a trade decision. For example, suppose you find that Driehaus Emerging 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 |
Driehaus Emerging 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 Driehaus Emerging mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Driehaus Emerging mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Driehaus Emerging mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Driehaus Emerging Lagged Returns
When evaluating Driehaus Emerging's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Driehaus Emerging mutual fund have on its future price. Driehaus Emerging 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, Driehaus Emerging autocorrelation shows the relationship between Driehaus Emerging mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Driehaus Emerging Markets.
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 Driehaus Mutual Fund
Driehaus Emerging financial ratios help investors to determine whether Driehaus 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 Driehaus with respect to the benefits of owning Driehaus Emerging security.
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