Davis Appreciation Income Fund Market Value
| RPFCX Fund | USD 64.12 0.43 0.67% |
| Symbol | Davis |
Davis Appreciation '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 Davis Appreciation'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 Davis Appreciation.
| 12/24/2022 |
| 12/13/2024 |
If you would invest 0.00 in Davis Appreciation on December 24, 2022 and sell it all today you would earn a total of 0.00 from holding Davis Appreciation Income or generate 0.0% return on investment in Davis Appreciation over 720 days. Davis Appreciation is related to or competes with Davis International, Davis International, Davis International, Davis Financial, Davis Real, and Davis Opportunity. The funds investment adviser uses the Davis Investment Discipline to invest Davis Appreciation Income Funds assets in a ... More
Davis Appreciation 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 Davis Appreciation'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 Davis Appreciation Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5693 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 4.01 | |||
| Value At Risk | (0.80) | |||
| Potential Upside | 1.03 |
Davis Appreciation Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Davis Appreciation's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Davis Appreciation's standard deviation. In reality, there are many statistical measures that can use Davis Appreciation historical prices to predict the future Davis Appreciation's volatility.| Risk Adjusted Performance | 0.1099 | |||
| Jensen Alpha | 0.0109 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1147 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Davis Appreciation'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.
Davis Appreciation Income Backtested Returns
At this stage we consider Davis Mutual Fund to be very steady. Davis Appreciation Income secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the fund had a 0.13% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Davis Appreciation Income, which you can use to evaluate the volatility of the entity. Please confirm Davis Appreciation's Downside Deviation of 0.5693, coefficient of variation of 658.74, and Mean Deviation of 0.4973 to check if the risk estimate we provide is consistent with the expected return of 0.0899%. The fund shows a Beta (market volatility) of 0.84, which means possible diversification benefits within a given portfolio. As returns on the market increase, Davis Appreciation's returns are expected to increase less than the market. However, during the bear market, the loss of holding Davis Appreciation is expected to be smaller as well.
Auto-correlation | 0.73 |
Good predictability
Davis Appreciation Income has good predictability. Overlapping area represents the amount of predictability between Davis Appreciation time series from 24th of December 2022 to 19th of December 2023 and 19th of December 2023 to 13th 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 Davis Appreciation Income price movement. The serial correlation of 0.73 indicates that around 73.0% of current Davis Appreciation price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 8.24 |
Davis Appreciation Income lagged returns against current returns
Autocorrelation, which is Davis Appreciation 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 Davis Appreciation's mutual fund expected returns. We can calculate the autocorrelation of Davis Appreciation returns to help us make a trade decision. For example, suppose you find that Davis Appreciation 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 |
Davis Appreciation 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 Davis Appreciation mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Davis Appreciation mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Davis Appreciation mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Davis Appreciation Lagged Returns
When evaluating Davis Appreciation's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Davis Appreciation mutual fund have on its future price. Davis Appreciation 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, Davis Appreciation autocorrelation shows the relationship between Davis Appreciation mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Davis Appreciation Income.
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 Davis Mutual Fund
Davis Appreciation financial ratios help investors to determine whether Davis 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 Davis with respect to the benefits of owning Davis Appreciation security.
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