Dean Small Cap Fund Market Value
| DASCX Fund | USD 17.95 0.05 0.28% |
| Symbol | Dean |
Dean 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 Dean 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 Dean Small.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Dean Small on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Dean Small Cap or generate 0.0% return on investment in Dean Small over 30 days. Dean Small is related to or competes with Versatile Bond, Rbc Emerging, Pace Municipal, Alliancebernstein, Bbh Intermediate, and T Rowe. The fund primarily invests in equity securities of small cap companies More
Dean 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 Dean 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 Dean Small Cap upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 5.3 | |||
| Value At Risk | (1.55) | |||
| Potential Upside | 1.71 |
Dean Small Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dean Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dean Small's standard deviation. In reality, there are many statistical measures that can use Dean Small historical prices to predict the future Dean Small's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (0.02) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dean Small'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.
Dean Small Cap Backtested Returns
Dean Small Cap secures Sharpe Ratio (or Efficiency) of -0.0309, which denotes the fund had a -0.0309% return per unit of standard deviation over the last 3 months. Dean Small Cap exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Dean Small's Mean Deviation of 0.7179, coefficient of variation of (6,452), and Standard Deviation of 0.9895 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 1.14, which means a somewhat significant risk relative to the market. Dean Small returns are very sensitive to returns on the market. As the market goes up or down, Dean Small is expected to follow.
Auto-correlation | -0.39 |
Poor reverse predictability
Dean Small Cap has poor reverse predictability. Overlapping area represents the amount of predictability between Dean Small time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th of April 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 Dean Small Cap price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Dean Small price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Dean Small Cap lagged returns against current returns
Autocorrelation, which is Dean 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 Dean Small's mutual fund expected returns. We can calculate the autocorrelation of Dean Small returns to help us make a trade decision. For example, suppose you find that Dean 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 |
Dean 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 Dean Small mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dean 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 Dean Small mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Dean Small Lagged Returns
When evaluating Dean Small's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dean Small mutual fund have on its future price. Dean 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, Dean Small autocorrelation shows the relationship between Dean Small mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Dean Small Cap.
Regressed Prices |
| Timeline |
Pair Trading with Dean Small
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Dean Small position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Dean Small will appreciate offsetting losses from the drop in the long position's value.Moving against Dean Mutual Fund
| 0.53 | FMFFX | Fs Managed Futures | PairCorr |
| 0.48 | DFTPX | Dfa Target Value | PairCorr |
| 0.48 | DFTVX | Dfa Inv Dimensions | PairCorr |
| 0.45 | FSMMX | Fs Multi Strategy | PairCorr |
| 0.43 | SPMPX | Invesco Steelpath Mlp | PairCorr |
The ability to find closely correlated positions to Dean Small could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dean Small when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Dean Small - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Dean Small Cap to buy it.
The correlation of Dean Small is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Dean Small moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dean Small Cap moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Dean Small can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Dean Small Correlation, Dean Small Volatility and Dean Small Alpha and Beta module to complement your research on Dean Small. Note that the Dean Small Cap information on this page should be used as a complementary analysis to other Dean Small's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Dean Small technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.