Delaware Tax Free Orado Fund Market Value
| DVCTX Fund | USD 10.31 0.01 0.1% |
| Symbol | Delaware |
Delaware Tax-free '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 Delaware Tax-free'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 Delaware Tax-free.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Delaware Tax-free on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Delaware Tax Free Orado or generate 0.0% return on investment in Delaware Tax-free over 90 days. Delaware Tax-free is related to or competes with Aqr Alternative, Litman Gregory, Intal High, Pace High, Barings High, and Gmo High. Under normal circumstances, the fund will invest at least 80 percent of its net assets, plus the amount of any borrowing... More
Delaware Tax-free 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 Delaware Tax-free'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 Delaware Tax Free Orado upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.2186 | |||
| Maximum Drawdown | 1.35 | |||
| Value At Risk | (0.57) | |||
| Potential Upside | 0.3839 |
Delaware Tax-free Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Delaware Tax-free's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Delaware Tax-free's standard deviation. In reality, there are many statistical measures that can use Delaware Tax-free historical prices to predict the future Delaware Tax-free's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.01) | |||
| Treynor Ratio | (0.96) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Delaware Tax-free'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.
Delaware Tax Free Backtested Returns
Delaware Tax Free secures Sharpe Ratio (or Efficiency) of -0.0542, which denotes the fund had a -0.0542 % return per unit of risk over the last 3 months. Delaware Tax Free Orado exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Delaware Tax-free's Standard Deviation of 0.2889, mean deviation of 0.2165, and Variance of 0.0835 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.0478, which means not very significant fluctuations relative to the market. As returns on the market increase, Delaware Tax-free's returns are expected to increase less than the market. However, during the bear market, the loss of holding Delaware Tax-free is expected to be smaller as well.
Auto-correlation | -0.57 |
Good reverse predictability
Delaware Tax Free Orado has good reverse predictability. Overlapping area represents the amount of predictability between Delaware Tax-free 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 Delaware Tax Free price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Delaware Tax-free price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Delaware Tax Free lagged returns against current returns
Autocorrelation, which is Delaware Tax-free 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 Delaware Tax-free's mutual fund expected returns. We can calculate the autocorrelation of Delaware Tax-free returns to help us make a trade decision. For example, suppose you find that Delaware Tax-free 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 |
Delaware Tax-free 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 Delaware Tax-free mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Delaware Tax-free mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Delaware Tax-free mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Delaware Tax-free Lagged Returns
When evaluating Delaware Tax-free's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Delaware Tax-free mutual fund have on its future price. Delaware Tax-free 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, Delaware Tax-free autocorrelation shows the relationship between Delaware Tax-free mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Delaware Tax Free Orado.
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 Delaware Mutual Fund
Delaware Tax-free financial ratios help investors to determine whether Delaware 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 Delaware with respect to the benefits of owning Delaware Tax-free security.
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