Dfa International Real Fund Market Value
| DFITX Fund | USD 3.66 0.03 0.83% |
| Symbol | Dfa |
Dfa International '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 Dfa International'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 Dfa International.
| 11/06/2023 |
| 12/06/2023 |
If you would invest 0.00 in Dfa International on November 6, 2023 and sell it all today you would earn a total of 0.00 from holding Dfa International Real or generate 0.0% return on investment in Dfa International over 30 days. Dfa International is related to or competes with Summit Global, Guidemark Large, Semiconductor Ultrasector, Small Cap, Growth Fund, and Alternative Asset. The Portfolio, using a market capitalization weighted approach, purchases a broad and diverse set of securities of non-U... More
Dfa International 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 Dfa International'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 Dfa International Real upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9277 | |||
| Information Ratio | 0.0075 | |||
| Maximum Drawdown | 5.23 | |||
| Value At Risk | (1.42) | |||
| Potential Upside | 1.48 |
Dfa International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dfa International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dfa International's standard deviation. In reality, there are many statistical measures that can use Dfa International historical prices to predict the future Dfa International's volatility.| Risk Adjusted Performance | 0.0129 | |||
| Jensen Alpha | 0.0084 | |||
| Total Risk Alpha | 0.0095 | |||
| Sortino Ratio | 0.0086 | |||
| Treynor Ratio | 0.0036 |
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Dfa International'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. Please use the tools below to analyze the current value of Dfa International in the context of predictive analytics.
Dfa International Real Backtested Returns
We consider Dfa International somewhat reliable. Dfa International Real secures Sharpe Ratio (or Efficiency) of 0.0455, which denotes the fund had 0.0455% of return per unit of standard deviation over the last 3 months. Our philosophy in predicting the volatility of a fund is to use all available market data together with fund-specific technical indicators that cannot be diversified away. We have found twenty-six technical indicators for Dfa International Real, which you can use to evaluate the future volatility of the entity. Please confirm Dfa International Real Downside Deviation of 0.9277, semi deviation of 0.8156, and Mean Deviation of 0.7807 to check if the risk estimate we provide is consistent with the expected return of 0.049%. The fund shows a Beta (market volatility) of 1.0877, which means a somewhat significant risk relative to the market. Dfa International returns are very sensitive to returns on the market. As the market goes up or down, Dfa International is expected to follow. Our main philosophy in predicting future performance of any fund is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By reviewing Dfa International Real technical indicators, you can presently evaluate if the expected return of 0.049% will be sustainable into the future.
Auto-correlation | 0.76 |
Good predictability
Dfa International Real has good predictability. Overlapping area represents the amount of predictability between Dfa International time series from 6th of November 2023 to 21st of November 2023 and 21st of November 2023 to 6th of December 2023. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Dfa International Real price movement. The serial correlation of 0.76 indicates that around 76.0% of current Dfa International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Dfa International Real lagged returns against current returns
Autocorrelation, which is Dfa International 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 Dfa International's mutual fund expected returns. We can calculate the autocorrelation of Dfa International returns to help us make a trade decision. For example, suppose you find that Dfa International mutual fund has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Dfa International 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 Dfa International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dfa International mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dfa International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Dfa International Lagged Returns
When evaluating Dfa International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dfa International mutual fund have on its future price. Dfa International 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, Dfa International autocorrelation shows the relationship between Dfa International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Dfa International Real.
Regressed Prices |
| Timeline |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Dfa International without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Pair Trading with Dfa International
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 Dfa International 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 Dfa International will appreciate offsetting losses from the drop in the long position's value.Moving together with Dfa Mutual Fund
| + | 0.98 | DIHRX | Intal High Relative | PairCorr | ||
| + | 0.97 | DILRX | Dfa - International | PairCorr | ||
| + | 0.9 | DIPSX | Dfa Inflation Protected | PairCorr | ||
| + | 0.92 | DISVX | Dfa International Small | PairCorr | ||
| + | 0.98 | DISMX | Dfa - International | PairCorr |
The ability to find closely correlated positions to Dfa International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dfa International 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 Dfa International - 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 Dfa International Real to buy it.
The correlation of Dfa International is a statistical measure of how it moves in relation to other equities. 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 Dfa International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dfa International Real 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 Dfa International 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 Dfa International Correlation, Dfa International Volatility and Dfa International Alpha and Beta module to complement your research on Dfa International. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Complementary Tools for Dfa Mutual Fund analysis
When running Dfa International's price analysis, check to measure Dfa International's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Dfa International is operating at the current time. Most of Dfa International's value examination focuses on studying past and present price action to predict the probability of Dfa International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dfa International's price. Additionally, you may evaluate how the addition of Dfa International to your portfolios can decrease your overall portfolio volatility.
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Dfa International 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.