Davis New York Fund Market Value

NYVCX Fund  USD 23.35  0.16  0.69%   
Davis New's market value is the price at which a share of Davis New trades on a public exchange. It measures the collective expectations of Davis New York investors about its performance. Davis New is trading at 23.35 as of the 19th of April 2024; that is 0.69 percent increase since the beginning of the trading day. The fund's open price was 23.19.
With this module, you can estimate the performance of a buy and hold strategy of Davis New York and determine expected loss or profit from investing in Davis New over a given investment horizon. Check out Davis New Correlation, Davis New Volatility and Davis New Alpha and Beta module to complement your research on Davis New.
Symbol

Please note, there is a significant difference between Davis New's value and its price as these two are different measures arrived at by different means. Investors typically determine if Davis New is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Davis New's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Davis New '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 New'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 New.
0.00
10/22/2023
No Change 0.00  0.0 
In 5 months and 30 days
04/19/2024
0.00
If you would invest  0.00  in Davis New on October 22, 2023 and sell it all today you would earn a total of 0.00 from holding Davis New York or generate 0.0% return on investment in Davis New over 180 days. Davis New is related to or competes with Davis International, Davis International, Davis International, Davis Financial, Davis Appreciation, Davis Real, and Davis Opportunity. Davis Selected Advisers, L.P. , the funds investment adviser, uses the Davis Investment Discipline to invest the funds p... More

Davis New 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 New'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 New York upside and downside potential and time the market with a certain degree of confidence.

Davis New Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Davis New's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Davis New's standard deviation. In reality, there are many statistical measures that can use Davis New historical prices to predict the future Davis New's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Davis New'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.
Hype
Prediction
LowEstimatedHigh
22.5323.3524.17
Details
Intrinsic
Valuation
LowRealHigh
23.2324.0524.87
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Davis New. Your research has to be compared to or analyzed against Davis New's peers to derive any actionable benefits. When done correctly, Davis New's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Davis New York.

Davis New York Backtested Returns

We consider Davis New very steady. Davis New York secures Sharpe Ratio (or Efficiency) of 0.17, which denotes the fund had a 0.17% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Davis New York, which you can use to evaluate the volatility of the entity. Please confirm Davis New's Downside Deviation of 0.8502, coefficient of variation of 551.76, and Mean Deviation of 0.6516 to check if the risk estimate we provide is consistent with the expected return of 0.14%. The fund shows a Beta (market volatility) of 1.08, which means a somewhat significant risk relative to the market. Davis New returns are very sensitive to returns on the market. As the market goes up or down, Davis New is expected to follow.

Auto-correlation

    
  0.93  

Excellent predictability

Davis New York has excellent predictability. Overlapping area represents the amount of predictability between Davis New time series from 22nd of October 2023 to 20th of January 2024 and 20th of January 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 Davis New York price movement. The serial correlation of 0.93 indicates that approximately 93.0% of current Davis New price fluctuation can be explain by its past prices.
Correlation Coefficient0.93
Spearman Rank Test0.84
Residual Average0.0
Price Variance0.58

Davis New York lagged returns against current returns

Autocorrelation, which is Davis New 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 New's mutual fund expected returns. We can calculate the autocorrelation of Davis New returns to help us make a trade decision. For example, suppose you find that Davis New 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 New 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 New mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Davis New 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 New mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Davis New Lagged Returns

When evaluating Davis New's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Davis New mutual fund have on its future price. Davis New 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 New autocorrelation shows the relationship between Davis New mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Davis New York.
   Regressed Prices   
       Timeline  

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Davis New in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Davis New's short interest history, or implied volatility extrapolated from Davis New options trading.

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Check out Davis New Correlation, Davis New Volatility and Davis New Alpha and Beta module to complement your research on Davis New.
Note that the Davis New York information on this page should be used as a complementary analysis to other Davis New'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.
Davis New 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.
A focus of Davis New technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Davis New trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...