Enhanced Large Pany Fund Market Value
| DFELX Fund | USD 14.00 0.17 1.23% |
| Symbol | Enhanced |
Enhanced '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'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.
| 03/14/2023 |
| 06/06/2024 |
If you would invest 0.00 in Enhanced on March 14, 2023 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 over 450 days. Enhanced is related to or competes with Marsico Focus, Oakmark Select, HUMANA, Barloworld, Morningstar Unconstrained, High-yield Municipal, and Via Renewables. The fund seeks to outperform the SP 500 Index primarily through investment in SP 500 Index futures and short-term fixed ... More
Enhanced 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'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.
| Downside Deviation | 0.7613 | |||
| Information Ratio | 0.0626 | |||
| Maximum Drawdown | 2.8 | |||
| Value At Risk | (1.27) | |||
| Potential Upside | 1.23 |
Enhanced Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Enhanced's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Enhanced's standard deviation. In reality, there are many statistical measures that can use Enhanced historical prices to predict the future Enhanced's volatility.| Risk Adjusted Performance | 0.0642 | |||
| Jensen Alpha | 0.0459 | |||
| Total Risk Alpha | 0.0427 | |||
| Sortino Ratio | 0.0595 | |||
| 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 Enhanced'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.
Enhanced Large Pany Backtested Returns
We consider Enhanced very steady. Enhanced Large Pany secures Sharpe Ratio (or Efficiency) of 0.11, which denotes the fund had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Enhanced Large Pany, which you can use to evaluate the volatility of the entity. Please confirm Enhanced's Downside Deviation of 0.7613, mean deviation of 0.5735, and Coefficient Of Variation of 999.42 to check if the risk estimate we provide is consistent with the expected return of 0.078%. The fund shows a Beta (market volatility) of 0.96, which means possible diversification benefits within a given portfolio. Enhanced returns are very sensitive to returns on the market. As the market goes up or down, Enhanced is expected to follow.
Auto-correlation | 0.82 |
Very good predictability
Enhanced Large Pany has very good predictability. Overlapping area represents the amount of predictability between Enhanced time series from 14th of March 2023 to 25th of October 2023 and 25th of October 2023 to 6th of June 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 0.82 indicates that around 82.0% of current Enhanced price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.71 |
Enhanced Large Pany lagged returns against current returns
Autocorrelation, which is Enhanced 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's mutual fund expected returns. We can calculate the autocorrelation of Enhanced returns to help us make a trade decision. For example, suppose you find that Enhanced 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 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 mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Enhanced 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 mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Enhanced Lagged Returns
When evaluating Enhanced's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Enhanced mutual fund have on its future price. Enhanced 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 autocorrelation shows the relationship between Enhanced 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 |
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Other Information on Investing in Enhanced Mutual Fund
Enhanced financial ratios help investors to determine whether Enhanced Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Enhanced with respect to the benefits of owning Enhanced security.
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