Dws Strategic Municipal Volatility
| KSMDelisted Fund | USD 10.07 0.00 0.00% |
Dws Strategic is out of control given 3 months investment horizon. Dws Strategic Municipal secures Sharpe Ratio (or Efficiency) of 0.14, which denotes the fund had a 0.14% return per unit of risk over the last 3 months. We are able to interpolate and collect twenty-five different technical indicators, which can help you to evaluate if expected returns of 8.76% are justified by taking the suggested risk. Use Dws Strategic Coefficient Of Variation of 719.8, downside deviation of 31.22, and Mean Deviation of 22.36 to evaluate company specific risk that cannot be diversified away. Key indicators related to Dws Strategic's volatility include:
30 Days Market Risk | Chance Of Distress | 30 Days Economic Sensitivity |
Dws Strategic Fund volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of Dws daily returns, and it is calculated using variance and standard deviation. We also use Dws's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Dws Strategic volatility.
Dws |
Downward market volatility can be a perfect environment for investors who play the long game with Dws Strategic. They may decide to buy additional shares of Dws Strategic at lower prices to lower the average cost per share, thereby improving their portfolio's performance when markets normalize.
Dws Strategic Market Sensitivity And Downside Risk
Dws Strategic's beta coefficient measures the volatility of Dws fund compared to the systematic risk of the entire market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents Dws fund's returns against your selected market. In other words, Dws Strategic's beta of -6.29 provides an investor with an approximation of how much risk Dws Strategic fund can potentially add to one of your existing portfolios. Dws Strategic Municipal is showing large volatility of returns over the selected time horizon. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Dws Strategic's fund risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Dws Strategic's fund price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.
3 Months Beta |Analyze Dws Strategic Municipal Demand TrendCheck current 90 days Dws Strategic correlation with market (Dow Jones Industrial)Dws Beta |
Dws standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. A typical volatile entity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.
Standard Deviation | 63.04 |
It is essential to understand the difference between upside risk (as represented by Dws Strategic's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Dws Strategic's daily returns or price. Since the actual investment returns on holding a position in dws fund tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in Dws Strategic.
Dws Strategic Municipal Fund Volatility Analysis
Volatility refers to the frequency at which Dws Strategic delisted fund price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Dws Strategic's price changes. Investors will then calculate the volatility of Dws Strategic's fund to predict their future moves. A delisted fund that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A fund with relatively stable price changes has low volatility. A highly volatile delisted fund is riskier, but the risk cuts both ways. Investing in highly volatile security can either be highly successful, or you may experience significant failure. There are two main types of Dws Strategic's volatility:
Historical Volatility
This type of delisted fund volatility measures Dws Strategic's fluctuations based on previous trends. It's commonly used to predict Dws Strategic's future behavior based on its past. However, it cannot conclusively determine the future direction of the fund.Implied Volatility
This type of volatility provides a positive outlook on future price fluctuations for Dws Strategic's current market price. This means that the delisted fund will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on Dws Strategic's to be redeemed at a future date.Transformation |
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Dws Strategic Projected Return Density Against Market
Considering the 90-day investment horizon Dws Strategic Municipal has a beta of -6.2858 . This indicates as returns on its benchmark rise, returns on holding Dws Strategic Municipal are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Dws Strategic is expected to outperform its benchmark.Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Dws Strategic or Financial Services sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Dws Strategic's price will be affected by overall fund market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Dws delisted fund's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
Dws Strategic Municipal has an alpha of 8.8576, implying that it can generate a 8.86 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Predicted Return Density |
| Returns |
What Drives a Dws Strategic Price Volatility?
Several factors can influence a delisted fund's market volatility:Industry
Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.Political and Economic environment
When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.The Company's Performance
Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract many investors to purchase the company. This positive attention will raise the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.Dws Strategic Fund Risk Measures
Considering the 90-day investment horizon the coefficient of variation of Dws Strategic is 719.8. The daily returns are distributed with a variance of 3973.64 and standard deviation of 63.04. The mean deviation of Dws Strategic Municipal is currently at 22.36. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.8
α | Alpha over Dow Jones | 8.86 | |
β | Beta against Dow Jones | -6.29 | |
σ | Overall volatility | 63.04 | |
Ir | Information ratio | 0.14 |
Dws Strategic Fund Return Volatility
Dws Strategic historical daily return volatility represents how much of Dws Strategic delisted fund's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The fund has volatility of 63.0368% on return distribution over 90 days investment horizon. By contrast, Dow Jones Industrial accepts 0.7995% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
About Dws Strategic Volatility
Volatility is a rate at which the price of Dws Strategic or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Dws Strategic may increase or decrease. In other words, similar to Dws's beta indicator, it measures the risk of Dws Strategic and helps estimate the fluctuations that may happen in a short period of time. So if prices of Dws Strategic fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.Deutsche Strategic Municipal Income Trust is a closed-ended fixed income mutual fund launched and managed by Deutsche Investment Management Americas Inc. Deutsche Strategic Municipal Income Trust was formed on March 22, 1988 and is domiciled in the United States. Scudder Strategic is traded on New York Stock Exchange in the United States.
Dws Strategic's stock volatility refers to the amount of uncertainty or risk involved with the size of changes in its stock's price. It is a statistical measure of the dispersion of returns on Dws Fund over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Dws Strategic's price varies over time.
3 ways to utilize Dws Strategic's volatility to invest better
Higher Dws Strategic's fund volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Dws Strategic Municipal fund is relatively stable. Investors and traders use stock volatility as an indicator of risk and potential reward, as stocks with higher volatility can offer the potential for more significant returns but also come with a greater risk of losses. Dws Strategic Municipal fund volatility can provide helpful information for making investment decisions in the following ways:- Measuring Risk: Volatility can be used as a measure of risk, which can help you determine the potential fluctuations in the value of Dws Strategic Municipal investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Dws Strategic's fund can indicate that there is potential for significant price movements, either up or down, which could present investment opportunities.
- Diversification: Understanding how the volatility of Dws Strategic's fund relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Dws Strategic Investment Opportunity
Dws Strategic Municipal has a volatility of 63.04 and is 78.8 times more volatile than Dow Jones Industrial. Compared to the overall equity markets, volatility of historical daily returns of Dws Strategic Municipal is higher than 96 percent of all global equities and portfolios over the last 90 days. You can use Dws Strategic Municipal to protect your portfolios against small market fluctuations. The fund experiences a normal downward trend, but the immediate impact on correlations cannot be determined at the moment . Check odds of Dws Strategic to be traded at $9.97 in 90 days.Good diversification
The correlation between Dws Strategic Municipal and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dws Strategic Municipal and DJI in the same portfolio, assuming nothing else is changed.
Dws Strategic Additional Risk Indicators
The analysis of Dws Strategic's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in Dws Strategic's investment and either accepting that risk or mitigating it. Along with some common measures of Dws Strategic fund's risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Risk Adjusted Performance | 0.1206 | |||
| Market Risk Adjusted Performance | (1.38) | |||
| Mean Deviation | 22.36 | |||
| Semi Deviation | 14.69 | |||
| Downside Deviation | 31.22 | |||
| Coefficient Of Variation | 719.8 | |||
| Standard Deviation | 63.04 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential funds, we recommend comparing similar delisted funds with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Dws Strategic Suggested Diversification Pairs
Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against Dws Strategic as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. Dws Strategic's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, Dws Strategic's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to Dws Strategic Municipal.
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in state. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Other Consideration for investing in Dws Fund
If you are still planning to invest in Dws Strategic Municipal check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Dws Strategic's history and understand the potential risks before investing.
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