Dana Small Cap Fund Market Value
| DSCIX Fund | USD 15.99 0.02 0.13% |
| Symbol | Dana |
Dana Small '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 Dana Small'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 Dana Small.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Dana Small on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Dana Small Cap or generate 0.0% return on investment in Dana Small over 30 days. Dana Small is related to or competes with Artisan High, Vanguard High-yield, Bbh Intermediate, T Rowe, Ab Bond, Rbc Ultra-short, and Calamos Dynamic. The fund seeks to achieve its investment objective through investment in publicly-traded equity securities using a disci... More
Dana Small 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 Dana Small'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 Dana Small Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.14 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 7.39 | |||
| Value At Risk | (1.52) | |||
| Potential Upside | 2.09 |
Dana Small Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dana Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dana Small's standard deviation. In reality, there are many statistical measures that can use Dana Small historical prices to predict the future Dana Small's volatility.| Risk Adjusted Performance | 0.0658 | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0627 |
Dana Small Cap Backtested Returns
At this stage we consider Dana Mutual Fund to be very steady. Dana Small Cap secures Sharpe Ratio (or Efficiency) of 0.08, which denotes the fund had a 0.08% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Dana Small Cap, which you can use to evaluate the volatility of the entity. Please confirm Dana Small's Downside Deviation of 1.14, mean deviation of 0.887, and Coefficient Of Variation of 1237.49 to check if the risk estimate we provide is consistent with the expected return of 0.1%. The fund shows a Beta (market volatility) of 1.46, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Dana Small will likely underperform.
Auto-correlation | 0.83 |
Very good predictability
Dana Small Cap has very good predictability. Overlapping area represents the amount of predictability between Dana Small time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 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 Dana Small Cap price movement. The serial correlation of 0.83 indicates that around 83.0% of current Dana Small price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Dana Small Cap lagged returns against current returns
Autocorrelation, which is Dana Small 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 Dana Small's mutual fund expected returns. We can calculate the autocorrelation of Dana Small returns to help us make a trade decision. For example, suppose you find that Dana Small 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 |
Dana Small 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 Dana Small mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dana Small mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dana Small mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Dana Small Lagged Returns
When evaluating Dana Small's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dana Small mutual fund have on its future price. Dana Small 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, Dana Small autocorrelation shows the relationship between Dana Small mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Dana Small Cap.
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 Dana Mutual Fund
Dana Small financial ratios help investors to determine whether Dana 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 Dana with respect to the benefits of owning Dana Small security.
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