Davis New York Fund Quote

NYVCX Fund  USD 24.02  0.27  1.14%   

Performance

16 of 100

 
Low
 
High
Solid

Odds Of Distress

Less than 33

 
100  
 
Zero
Below Average
Davis New is trading at 24.02 as of the 28th of March 2024; that is 1.14 percent up since the beginning of the trading day. The fund's open price was 23.75. Davis New has about a 33 percent probability of financial distress in the next few years of operation but had a somewhat solid performance during the last 90 days. Equity ratings for Davis New York are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 3rd of April 2023 and ending today, the 28th of March 2024. Click here to learn more.
Davis Selected Advisers, L.P. , the funds investment adviser, uses the Davis Investment Discipline to invest the funds portfolio principally in common stocks issued by large companies with market capitalizations of at least 10 billion. Historically, the fund has invested a significant portion of its assets in financial services companies and in foreign companies, and may also invest in mid- and small- capitalization companies.. More on Davis New York

Moving together with Davis Mutual Fund

  0.99STFGX State Farm GrowthPairCorr
  0.76RFBAX Davis Government BondPairCorr
  0.8DILCX Davis International FundPairCorr
  0.81DILAX Davis International FundPairCorr
  0.81DILYX Davis International FundPairCorr

Moving against Davis Mutual Fund

  0.42RPFRX Davis Real EstatePairCorr

Davis Mutual Fund Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Davis New's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Davis New or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Fund ConcentrationDavis Funds, Large Value Funds, Large Blend Funds, Large Blend, Davis Funds (View all Sectors)
Update Date31st of March 2024
Expense Ratio Date29th of November 2022
Fiscal Year EndJuly
Davis New York [NYVCX] is traded in USA and was established 28th of March 2024. Davis New is listed under Davis Funds category by Fama And French industry classification. The fund is listed under Large Blend category and is part of Davis Funds family. This fund now has accumulated 6.1 B in assets with no minimum investment requirementsDavis New York is currently producing year-to-date (YTD) return of 10.35% with the current yeild of 0.0%, while the total return for the last 3 years was 5.22%.
Check Davis New Probability Of Bankruptcy

Instrument Allocation

Sector Allocation

Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Davis Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Davis Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Davis New York Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.

Top Davis New York Mutual Fund Constituents

FBMeta PlatformsStockInternet Content & Information
WFCWells FargoStockFinancials
USBUS BancorpStockFinancials
TXNTexas Instruments IncorporatedStockInformation Technology
RTXRaytheon Technologies CorpStockIndustrials
JPMJPMorgan Chase CoStockFinancials
INTCIntelStockInformation Technology
More Details

Davis New Target Price Odds Analysis

Based on a normal probability distribution, the odds of Davis New jumping above the current price in 90 days from now is nearly 4.67%. The Davis New York probability density function shows the probability of Davis New mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon the mutual fund has a beta coefficient of 1.12. This indicates Davis New York market returns are sensitive to returns on the market. As the market goes up or down, Davis New is expected to follow. Additionally, davis New York has an alpha of 0.0349, implying that it can generate a 0.0349 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 24.02HorizonTargetOdds Above 24.02
95.26%90 days
 24.02 
4.67%
Based on a normal probability distribution, the odds of Davis New to move above the current price in 90 days from now is nearly 4.67 (This Davis New York probability density function shows the probability of Davis Mutual Fund to fall within a particular range of prices over 90 days) .

Davis New York Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Davis New market risk premium is the additional return an investor will receive from holding Davis New long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Davis New. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Davis New's alpha and beta are two of the key measurements used to evaluate Davis New's performance over the market, the standard measures of volatility play an important role as well.

Davis New Against Markets

Picking the right benchmark for Davis New mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Davis New mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Davis New is critical whether you are bullish or bearish towards Davis New York at a given time. Please also check how Davis New's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Davis New without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Instant Ratings Now

   

Instant Ratings

Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
All  Next Launch Module

How to buy Davis Mutual Fund?

Before investing in Davis New, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Davis New. To buy Davis New fund, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Davis New. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Davis New fund. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Davis New York fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Davis New York fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Davis New York, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.

Already Invested in Davis New York?

The danger of trading Davis New York is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Davis New is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Davis New. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Davis New York is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Davis New York. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.
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 Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.

Complementary Tools for Davis Mutual Fund analysis

When running Davis New's price analysis, check to measure Davis New's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Davis New is operating at the current time. Most of Davis New's value examination focuses on studying past and present price action to predict the probability of Davis New's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Davis New's price. Additionally, you may evaluate how the addition of Davis New to your portfolios can decrease your overall portfolio volatility.
Pair Correlation
Compare performance and examine fundamental relationship between any two equity instruments
Portfolio Rebalancing
Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
Risk-Return Analysis
View associations between returns expected from investment and the risk you assume
Equity Search
Search for actively traded equities including funds and ETFs from over 30 global markets
Idea Optimizer
Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
Portfolio Dashboard
Portfolio dashboard that provides centralized access to all your investments
Share Portfolio
Track or share privately all of your investments from the convenience of any device
Theme Ratings
Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance
Equity Valuation
Check real value of public entities based on technical and fundamental data
Price Exposure Probability
Analyze equity upside and downside potential for a given time horizon across multiple markets
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.