Deutsche Large Cap Fund Market Value
| SGGIX Fund | USD 78.01 1.53 1.92% |
| Symbol | Deutsche |
Deutsche Large '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 Deutsche Large'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 Deutsche Large.
| 06/28/2023 |
| 04/23/2024 |
If you would invest 0.00 in Deutsche Large on June 28, 2023 and sell it all today you would earn a total of 0.00 from holding Deutsche Large Cap or generate 0.0% return on investment in Deutsche Large over 300 days. Deutsche Large is related to or competes with Deutsche Gnma, Deutsche Short, Deutsche Short, Deutsche Science, Deutsche Science, Deutsche Science, and Deutsche Science. Under normal circumstances, the fund invests at least 80 percent of net assets, plus the amount of any borrowings for in... More
Deutsche Large 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 Deutsche Large'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 Deutsche Large Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9695 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 4.91 | |||
| Value At Risk | (1.61) | |||
| Potential Upside | 1.65 |
Deutsche Large Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Deutsche Large's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Deutsche Large's standard deviation. In reality, there are many statistical measures that can use Deutsche Large historical prices to predict the future Deutsche Large's volatility.| Risk Adjusted Performance | 0.0446 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.052 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Deutsche Large'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.
Deutsche Large Cap Backtested Returns
We consider Deutsche Large very steady. Deutsche Large Cap secures Sharpe Ratio (or Efficiency) of 0.0154, which denotes the fund had a 0.0154% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Deutsche Large Cap, which you can use to evaluate the volatility of the entity. Please confirm Deutsche Large's Downside Deviation of 0.9695, mean deviation of 0.7598, and Coefficient Of Variation of 1503.6 to check if the risk estimate we provide is consistent with the expected return of 0.0156%. The fund shows a Beta (market volatility) of 1.1, which means a somewhat significant risk relative to the market. Deutsche Large returns are very sensitive to returns on the market. As the market goes up or down, Deutsche Large is expected to follow.
Auto-correlation | -0.57 |
Good reverse predictability
Deutsche Large Cap has good reverse predictability. Overlapping area represents the amount of predictability between Deutsche Large time series from 28th of June 2023 to 25th of November 2023 and 25th of November 2023 to 23rd 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 Deutsche Large Cap price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Deutsche Large price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 16.63 |
Deutsche Large Cap lagged returns against current returns
Autocorrelation, which is Deutsche Large 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 Deutsche Large's mutual fund expected returns. We can calculate the autocorrelation of Deutsche Large returns to help us make a trade decision. For example, suppose you find that Deutsche Large 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 |
Deutsche Large 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 Deutsche Large mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Deutsche Large mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Deutsche Large mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Deutsche Large Lagged Returns
When evaluating Deutsche Large's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Deutsche Large mutual fund have on its future price. Deutsche Large 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, Deutsche Large autocorrelation shows the relationship between Deutsche Large mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Deutsche Large Cap.
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 Deutsche Large 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, Deutsche Large's short interest history, or implied volatility extrapolated from Deutsche Large options trading.
Currently Active Assets on Macroaxis
Check out Deutsche Large Correlation, Deutsche Large Volatility and Deutsche Large Alpha and Beta module to complement your research on Deutsche Large. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Deutsche Large 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.