Dearborn Partners Rising Fund Market Value
| DRDAX Fund | USD 23.08 0.08 0.35% |
| Symbol | Dearborn |
Dearborn Partners '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 Dearborn Partners' 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 Dearborn Partners.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Dearborn Partners on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Dearborn Partners Rising or generate 0.0% return on investment in Dearborn Partners over 30 days. Dearborn Partners is related to or competes with Vanguard Total, and Vanguard 500. The fund invests at least 80 percent of its net assets in the equity securities of companies that pay current dividends ... More
Dearborn Partners 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 Dearborn Partners' 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 Dearborn Partners Rising upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 3.62 | |||
| Value At Risk | (1.04) | |||
| Potential Upside | 1.06 |
Dearborn Partners Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dearborn Partners' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dearborn Partners' standard deviation. In reality, there are many statistical measures that can use Dearborn Partners historical prices to predict the future Dearborn Partners' volatility.| Risk Adjusted Performance | (0.000025) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | (0.16) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dearborn Partners' 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.
Dearborn Partners Rising Backtested Returns
Dearborn Partners Rising secures Sharpe Ratio (or Efficiency) of -0.0368, which denotes the fund had a -0.0368% return per unit of standard deviation over the last 3 months. Dearborn Partners Rising exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Dearborn Partners' Mean Deviation of 0.5267, standard deviation of 0.6783, and Coefficient Of Variation of (67,650) to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.0685, which means not very significant fluctuations relative to the market. As returns on the market increase, Dearborn Partners' returns are expected to increase less than the market. However, during the bear market, the loss of holding Dearborn Partners is expected to be smaller as well.
Auto-correlation | 0.36 |
Below average predictability
Dearborn Partners Rising has below average predictability. Overlapping area represents the amount of predictability between Dearborn Partners time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th 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 Dearborn Partners Rising price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Dearborn Partners price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Dearborn Partners Rising lagged returns against current returns
Autocorrelation, which is Dearborn Partners 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 Dearborn Partners' mutual fund expected returns. We can calculate the autocorrelation of Dearborn Partners returns to help us make a trade decision. For example, suppose you find that Dearborn Partners 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 |
Dearborn Partners 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 Dearborn Partners mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dearborn Partners mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dearborn Partners mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Dearborn Partners Lagged Returns
When evaluating Dearborn Partners' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dearborn Partners mutual fund have on its future price. Dearborn Partners 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, Dearborn Partners autocorrelation shows the relationship between Dearborn Partners mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Dearborn Partners Rising.
Regressed Prices |
| Timeline |
Pair Trading with Dearborn Partners
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 Dearborn Partners 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 Dearborn Partners will appreciate offsetting losses from the drop in the long position's value.Moving together with Dearborn Mutual Fund
| 0.91 | DRDIX | Dearborn Partners Rising | PairCorr |
| 0.91 | DRDCX | Dearborn Partners Rising | PairCorr |
| 0.87 | VTSAX | Vanguard Total Stock | PairCorr |
| 0.86 | VFIAX | Vanguard 500 Index | PairCorr |
Moving against Dearborn Mutual Fund
| 0.54 | PFHCX | Pacific Funds Small | PairCorr |
The ability to find closely correlated positions to Dearborn Partners could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dearborn Partners 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 Dearborn Partners - 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 Dearborn Partners Rising to buy it.
The correlation of Dearborn Partners 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 Dearborn Partners moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dearborn Partners Rising 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 Dearborn Partners 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 Dearborn Partners Correlation, Dearborn Partners Volatility and Dearborn Partners Alpha and Beta module to complement your research on Dearborn Partners. Note that the Dearborn Partners Rising information on this page should be used as a complementary analysis to other Dearborn Partners' 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 Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
Dearborn Partners 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.