Dodge Stock Fund Market Value
| DODGX Fund | USD 247.35 0.73 0.30% |
| Symbol | Dodge |
Dodge Stock '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 Dodge Stock'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 Dodge Stock.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Dodge Stock on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Dodge Stock Fund or generate 0.0% return on investment in Dodge Stock over 30 days. Dodge Stock is related to or competes with Dodge International, Dodge Cox, Dodge Balanced, Dodge Global, Dodge Global, Dodge Income, and Dodge Cox. The fund invests primarily in a diversified portfolio of equity securities More
Dodge Stock 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 Dodge Stock'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 Dodge Stock Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8736 | |||
| Information Ratio | 0.0022 | |||
| Maximum Drawdown | 5.4 | |||
| Value At Risk | (1.34) | |||
| Potential Upside | 0.8725 |
Dodge Stock Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dodge Stock's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dodge Stock's standard deviation. In reality, there are many statistical measures that can use Dodge Stock historical prices to predict the future Dodge Stock's volatility.| Risk Adjusted Performance | 0.0594 | |||
| Jensen Alpha | 0.0059 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0019 | |||
| Treynor Ratio | 0.0649 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dodge Stock'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.
Dodge Stock Fund Backtested Returns
We consider Dodge Stock very steady. Dodge Stock Fund secures Sharpe Ratio (or Efficiency) of 0.0848, which denotes the fund had a 0.0848% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Dodge Stock Fund, which you can use to evaluate the volatility of the entity. Please confirm Dodge Stock's Mean Deviation of 0.5099, downside deviation of 0.8736, and Semi Deviation of 0.7761 to check if the risk estimate we provide is consistent with the expected return of 0.0644%. The fund shows a Beta (market volatility) of 0.93, which means possible diversification benefits within a given portfolio. Dodge Stock returns are very sensitive to returns on the market. As the market goes up or down, Dodge Stock is expected to follow.
Auto-correlation | 0.34 |
Below average predictability
Dodge Stock Fund has below average predictability. Overlapping area represents the amount of predictability between Dodge Stock 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 Dodge Stock Fund price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Dodge Stock price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 12.4 |
Dodge Stock Fund lagged returns against current returns
Autocorrelation, which is Dodge Stock 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 Dodge Stock's mutual fund expected returns. We can calculate the autocorrelation of Dodge Stock returns to help us make a trade decision. For example, suppose you find that Dodge Stock 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 |
Dodge Stock 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 Dodge Stock mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dodge Stock mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dodge Stock mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Dodge Stock Lagged Returns
When evaluating Dodge Stock's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dodge Stock mutual fund have on its future price. Dodge Stock 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, Dodge Stock autocorrelation shows the relationship between Dodge Stock mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Dodge Stock Fund.
Regressed Prices |
| Timeline |
Pair Trading with Dodge Stock
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 Dodge Stock 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 Dodge Stock will appreciate offsetting losses from the drop in the long position's value.Moving together with Dodge Mutual Fund
| 0.95 | DODFX | Dodge International Stock | PairCorr |
| 0.89 | DODEX | Dodge Cox Emerging | PairCorr |
| 0.96 | DOXGX | Dodge Cox Stock | PairCorr |
The ability to find closely correlated positions to Dodge Stock could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dodge Stock 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 Dodge Stock - 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 Dodge Stock Fund to buy it.
The correlation of Dodge Stock 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 Dodge Stock moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dodge Stock Fund 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 Dodge Stock 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 Dodge Stock Correlation, Dodge Stock Volatility and Dodge Stock Alpha and Beta module to complement your research on Dodge Stock. Note that the Dodge Stock Fund information on this page should be used as a complementary analysis to other Dodge Stock'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 Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Dodge Stock 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.