Deutsche Real Assets Fund Market Value
| AAAVX Fund | USD 11.07 0.02 0.18% |
| Symbol | Deutsche |
Deutsche Real '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 Real'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 Real.
| 05/30/2022 |
| 04/19/2024 |
If you would invest 0.00 in Deutsche Real on May 30, 2022 and sell it all today you would earn a total of 0.00 from holding Deutsche Real Assets or generate 0.0% return on investment in Deutsche Real over 690 days. Deutsche Real is related to or competes with California High, Ab Global, Lgm Risk, Us High, and Morningstar Aggressive. The investment seeks total return in excess of inflation through capital growth and current income More
Deutsche Real 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 Real'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 Real Assets upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7478 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 3.4 | |||
| Value At Risk | (1.10) | |||
| Potential Upside | 0.828 |
Deutsche Real Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Deutsche Real's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Deutsche Real's standard deviation. In reality, there are many statistical measures that can use Deutsche Real historical prices to predict the future Deutsche Real's volatility.| Risk Adjusted Performance | 0.0252 | |||
| Jensen Alpha | 0.0126 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.38 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Deutsche Real'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 Real Assets Backtested Returns
We consider Deutsche Real very steady. Deutsche Real Assets secures Sharpe Ratio (or Efficiency) of 0.041, which denotes the fund had a 0.041% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Deutsche Real Assets, which you can use to evaluate the volatility of the entity. Please confirm Deutsche Real's Downside Deviation of 0.7478, mean deviation of 0.4415, and Coefficient Of Variation of 2438.86 to check if the risk estimate we provide is consistent with the expected return of 0.0249%. The fund shows a Beta (market volatility) of 0.0393, which means not very significant fluctuations relative to the market. As returns on the market increase, Deutsche Real's returns are expected to increase less than the market. However, during the bear market, the loss of holding Deutsche Real is expected to be smaller as well.
Auto-correlation | 0.24 |
Weak predictability
Deutsche Real Assets has weak predictability. Overlapping area represents the amount of predictability between Deutsche Real time series from 30th of May 2022 to 10th of May 2023 and 10th of May 2023 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 Deutsche Real Assets price movement. The serial correlation of 0.24 indicates that over 24.0% of current Deutsche Real price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Deutsche Real Assets lagged returns against current returns
Autocorrelation, which is Deutsche Real 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 Real's mutual fund expected returns. We can calculate the autocorrelation of Deutsche Real returns to help us make a trade decision. For example, suppose you find that Deutsche Real 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 Real 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 Real mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Deutsche Real 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 Real mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Deutsche Real Lagged Returns
When evaluating Deutsche Real's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Deutsche Real mutual fund have on its future price. Deutsche Real 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 Real autocorrelation shows the relationship between Deutsche Real mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Deutsche Real Assets.
Regressed Prices |
| Timeline |
Pair Trading with Deutsche Real
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 Deutsche Real 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 Deutsche Real will appreciate offsetting losses from the drop in the long position's value.Moving together with Deutsche Mutual Fund
| 0.69 | KTCCX | Deutsche Science And | PairCorr |
| 0.79 | KTCAX | Deutsche Science And | PairCorr |
The ability to find closely correlated positions to Deutsche Real could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Deutsche Real 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 Deutsche Real - 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 Deutsche Real Assets to buy it.
The correlation of Deutsche Real 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 Deutsche Real moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Deutsche Real Assets 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 Deutsche Real 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 Deutsche Real Correlation, Deutsche Real Volatility and Deutsche Real Alpha and Beta module to complement your research on Deutsche Real. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Deutsche Real 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.