Enhanced Large Pany Fund Market Value

DFELX Fund  USD 13.19  0.17  1.27%   
Enhanced Large's market value is the price at which a share of Enhanced Large trades on a public exchange. It measures the collective expectations of Enhanced Large Pany investors about its performance. Enhanced Large is trading at 13.19 as of the 16th of April 2024; that is -1.27 percent decrease since the beginning of the trading day. The fund's open price was 13.36.
With this module, you can estimate the performance of a buy and hold strategy of Enhanced Large Pany and determine expected loss or profit from investing in Enhanced Large over a given investment horizon. Check out Enhanced Large Correlation, Enhanced Large Volatility and Enhanced Large Alpha and Beta module to complement your research on Enhanced Large.
Symbol

Please note, there is a significant difference between Enhanced Large's value and its price as these two are different measures arrived at by different means. Investors typically determine if Enhanced Large is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Enhanced Large'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.

Enhanced Large '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 Enhanced Large'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 Enhanced Large.
0.00
03/17/2024
No Change 0.00  0.0 
In 30 days
04/16/2024
0.00
If you would invest  0.00  in Enhanced Large on March 17, 2024 and sell it all today you would earn a total of 0.00 from holding Enhanced Large Pany or generate 0.0% return on investment in Enhanced Large over 30 days. Enhanced Large is related to or competes with International Core, Emerging Markets, Dfa Five-year, Us Vector, and Dfa Real. The fund seeks to outperform the SP 500 Index primarily through investment in SP 500 Index futures and short-term fixed ... More

Enhanced Large 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 Enhanced Large'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 Enhanced Large Pany upside and downside potential and time the market with a certain degree of confidence.

Enhanced Large Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Enhanced Large's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Enhanced Large's standard deviation. In reality, there are many statistical measures that can use Enhanced Large historical prices to predict the future Enhanced Large's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Enhanced Large'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.
Hype
Prediction
LowEstimatedHigh
12.4313.1913.95
Details
Intrinsic
Valuation
LowRealHigh
12.4013.1613.92
Details
Naive
Forecast
LowNextHigh
12.4413.2013.95
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
13.3013.5513.80
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Enhanced Large. Your research has to be compared to or analyzed against Enhanced Large's peers to derive any actionable benefits. When done correctly, Enhanced Large's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Enhanced Large Pany.

Enhanced Large Pany Backtested Returns

We consider Enhanced Large very steady. Enhanced Large Pany secures Sharpe Ratio (or Efficiency) of 0.15, which denotes the fund had a 0.15% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Enhanced Large Pany, which you can use to evaluate the volatility of the entity. Please confirm Enhanced Large's Downside Deviation of 0.7391, coefficient of variation of 790.28, and Mean Deviation of 0.5706 to check if the risk estimate we provide is consistent with the expected return of 0.12%. The fund shows a Beta (market volatility) of 1.02, which means a somewhat significant risk relative to the market. Enhanced Large returns are very sensitive to returns on the market. As the market goes up or down, Enhanced Large is expected to follow.

Auto-correlation

    
  -0.67  

Very good reverse predictability

Enhanced Large Pany has very good reverse predictability. Overlapping area represents the amount of predictability between Enhanced Large time series from 17th of March 2024 to 1st of April 2024 and 1st of April 2024 to 16th 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 Enhanced Large Pany price movement. The serial correlation of -0.67 indicates that around 67.0% of current Enhanced Large price fluctuation can be explain by its past prices.
Correlation Coefficient-0.67
Spearman Rank Test-0.37
Residual Average0.0
Price Variance0.01

Enhanced Large Pany lagged returns against current returns

Autocorrelation, which is Enhanced Large 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 Enhanced Large's mutual fund expected returns. We can calculate the autocorrelation of Enhanced Large returns to help us make a trade decision. For example, suppose you find that Enhanced Large 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  

Enhanced Large 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 Enhanced Large mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Enhanced Large mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Enhanced Large mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Enhanced Large Lagged Returns

When evaluating Enhanced Large's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Enhanced Large mutual fund have on its future price. Enhanced Large 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, Enhanced Large autocorrelation shows the relationship between Enhanced Large mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Enhanced Large Pany.
   Regressed Prices   
       Timeline  

Pair Trading with Enhanced Large

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 Enhanced Large 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 Enhanced Large will appreciate offsetting losses from the drop in the long position's value.

Moving together with Enhanced Mutual Fund

  0.96DIHRX Intal High RelativePairCorr
  0.83DISVX Dfa International SmallPairCorr
  0.92DISMX Dfa InternationalPairCorr
The ability to find closely correlated positions to Enhanced Large could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enhanced Large 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 Enhanced Large - 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 Enhanced Large Pany to buy it.
The correlation of Enhanced Large 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 Enhanced Large moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enhanced Large Pany 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 Enhanced Large 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.
Pair CorrelationCorrelation Matching
Check out Enhanced Large Correlation, Enhanced Large Volatility and Enhanced Large Alpha and Beta module to complement your research on Enhanced Large.
You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Enhanced Large 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.
A focus of Enhanced Large technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Enhanced Large trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...