Deutsche Global Infrastructure Fund Market Value
| TOLCX Fund | USD 13.94 0.12 0.87% |
| Symbol | Deutsche |
Deutsche Global '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 Global'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 Global.
| 03/19/2024 |
| 04/18/2024 |
If you would invest 0.00 in Deutsche Global on March 19, 2024 and sell it all today you would earn a total of 0.00 from holding Deutsche Global Infrastructure or generate 0.0% return on investment in Deutsche Global over 30 days. Deutsche Global is related to or competes with Fidelity Water, Fidelity Low, Fidelity Founders, Thrivent High, Morningstar Unconstrained, High Yield, and Via Renewables. The fund invests at least 80 percent of its net assets in the securities of U.S More
Deutsche Global 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 Global'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 Global Infrastructure upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 3.52 | |||
| Value At Risk | (1.40) | |||
| Potential Upside | 1.07 |
Deutsche Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Deutsche Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Deutsche Global's standard deviation. In reality, there are many statistical measures that can use Deutsche Global historical prices to predict the future Deutsche Global's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | (0.08) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Deutsche Global'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 Global Infr Backtested Returns
Deutsche Global Infr secures Sharpe Ratio (or Efficiency) of -0.023, which denotes the fund had a -0.023% return per unit of risk over the last 3 months. Deutsche Global Infrastructure exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Deutsche Global's Variance of 0.5472, standard deviation of 0.7397, and Mean Deviation of 0.5681 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.81, which means possible diversification benefits within a given portfolio. As returns on the market increase, Deutsche Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Deutsche Global is expected to be smaller as well.
Auto-correlation | -0.35 |
Poor reverse predictability
Deutsche Global Infrastructure has poor reverse predictability. Overlapping area represents the amount of predictability between Deutsche Global time series from 19th of March 2024 to 3rd of April 2024 and 3rd of April 2024 to 18th 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 Global Infr price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current Deutsche Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Deutsche Global Infr lagged returns against current returns
Autocorrelation, which is Deutsche Global 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 Global's mutual fund expected returns. We can calculate the autocorrelation of Deutsche Global returns to help us make a trade decision. For example, suppose you find that Deutsche Global 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 Global 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 Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Deutsche Global 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 Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Deutsche Global Lagged Returns
When evaluating Deutsche Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Deutsche Global mutual fund have on its future price. Deutsche Global 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 Global autocorrelation shows the relationship between Deutsche Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Deutsche Global Infrastructure.
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 Global 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 Global's short interest history, or implied volatility extrapolated from Deutsche Global options trading.
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Check out Deutsche Global Correlation, Deutsche Global Volatility and Deutsche Global Alpha and Beta module to complement your research on Deutsche Global. Note that the Deutsche Global Infr information on this page should be used as a complementary analysis to other Deutsche Global'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 Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Deutsche Global 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.