Domini Impact International Fund Market Value
| DOMIX Fund | USD 8.77 0.01 0.11% |
| Symbol | Domini |
Domini Impact '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 Domini Impact'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 Domini Impact.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Domini Impact on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Domini Impact International or generate 0.0% return on investment in Domini Impact over 30 days. Domini Impact is related to or competes with Domini Impact, Domini Sustainable, Domini Impact, Domini Impact, Domini Impact, and Domini Impact. The fund primarily invests in mid- and large- capitalization companies located in Europe, the Asia-Pacific region, and t... More
Domini Impact 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 Domini Impact'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 Domini Impact International upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7726 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 3.01 | |||
| Value At Risk | (1.31) | |||
| Potential Upside | 1.02 |
Domini Impact Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Domini Impact's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Domini Impact's standard deviation. In reality, there are many statistical measures that can use Domini Impact historical prices to predict the future Domini Impact's volatility.| Risk Adjusted Performance | 0.0614 | |||
| Jensen Alpha | 0.0067 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0669 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Domini Impact'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.
Domini Impact Intern Backtested Returns
We consider Domini Impact very steady. Domini Impact Intern secures Sharpe Ratio (or Efficiency) of 0.0945, which denotes the fund had a 0.0945% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Domini Impact International, which you can use to evaluate the volatility of the entity. Please confirm Domini Impact's Downside Deviation of 0.7726, mean deviation of 0.4823, and Coefficient Of Variation of 1013.05 to check if the risk estimate we provide is consistent with the expected return of 0.0591%. The fund shows a Beta (market volatility) of 0.8, which means possible diversification benefits within a given portfolio. As returns on the market increase, Domini Impact's returns are expected to increase less than the market. However, during the bear market, the loss of holding Domini Impact is expected to be smaller as well.
Auto-correlation | 0.13 |
Insignificant predictability
Domini Impact International has insignificant predictability. Overlapping area represents the amount of predictability between Domini Impact 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 Domini Impact Intern price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Domini Impact price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Domini Impact Intern lagged returns against current returns
Autocorrelation, which is Domini Impact 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 Domini Impact's mutual fund expected returns. We can calculate the autocorrelation of Domini Impact returns to help us make a trade decision. For example, suppose you find that Domini Impact 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 |
Domini Impact 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 Domini Impact mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Domini Impact mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Domini Impact mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Domini Impact Lagged Returns
When evaluating Domini Impact's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Domini Impact mutual fund have on its future price. Domini Impact 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, Domini Impact autocorrelation shows the relationship between Domini Impact mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Domini Impact International.
Regressed Prices |
| Timeline |
Pair Trading with Domini Impact
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 Domini Impact 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 Domini Impact will appreciate offsetting losses from the drop in the long position's value.Moving together with Domini Mutual Fund
| 0.92 | DIEQX | Domini Impact Equity | PairCorr |
| 0.86 | LIFEX | Domini Sustainable | PairCorr |
| 1.0 | DOMYX | Domini Impact Intern | PairCorr |
| 1.0 | DOMOX | Domini Impact Intern | PairCorr |
The ability to find closely correlated positions to Domini Impact could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Domini Impact 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 Domini Impact - 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 Domini Impact International to buy it.
The correlation of Domini Impact 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 Domini Impact moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Domini Impact Intern 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 Domini Impact 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 Domini Impact Correlation, Domini Impact Volatility and Domini Impact Alpha and Beta module to complement your research on Domini Impact. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Domini Impact 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.