Deutsche Floating Rate Fund Market Value
| DFRPX Fund | USD 7.61 0.05 0.65% |
| Symbol | Deutsche |
Deutsche Floating '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 Floating'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 Floating.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Deutsche Floating on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Deutsche Floating Rate or generate 0.0% return on investment in Deutsche Floating over 30 days. Deutsche Floating is related to or competes with Calvert Emerging, Origin Emerging, Dodge Cox, Gmo Emerging, Franklin Emerging, Mid Cap, and Shelton Emerging. Under normal market conditions, the fund invests at least 80 percent of its total assets in adjustable rate loans that h... More
Deutsche Floating 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 Floating'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 Floating Rate upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.44) | |||
| Maximum Drawdown | 1.57 | |||
| Value At Risk | (0.13) | |||
| Potential Upside | 0.1328 |
Deutsche Floating Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Deutsche Floating's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Deutsche Floating's standard deviation. In reality, there are many statistical measures that can use Deutsche Floating historical prices to predict the future Deutsche Floating's volatility.| Risk Adjusted Performance | 0.0392 | |||
| Jensen Alpha | 0.009 | |||
| Total Risk Alpha | (0.02) | |||
| Treynor Ratio | (0.83) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Deutsche Floating'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 Floating Rate Backtested Returns
We consider Deutsche Floating very steady. Deutsche Floating Rate secures Sharpe Ratio (or Efficiency) of 0.0959, which denotes the fund had a 0.0959% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Deutsche Floating Rate, which you can use to evaluate the volatility of the entity. Please confirm Deutsche Floating's Variance of 0.0304, standard deviation of 0.1745, and Mean Deviation of 0.0818 to check if the risk estimate we provide is consistent with the expected return of 0.0172%. The fund shows a Beta (market volatility) of -0.0098, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Deutsche Floating are expected to decrease at a much lower rate. During the bear market, Deutsche Floating is likely to outperform the market.
Auto-correlation | -0.34 |
Poor reverse predictability
Deutsche Floating Rate has poor reverse predictability. Overlapping area represents the amount of predictability between Deutsche Floating time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th 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 Floating Rate price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Deutsche Floating price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Deutsche Floating Rate lagged returns against current returns
Autocorrelation, which is Deutsche Floating 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 Floating's mutual fund expected returns. We can calculate the autocorrelation of Deutsche Floating returns to help us make a trade decision. For example, suppose you find that Deutsche Floating 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 Floating 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 Floating mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Deutsche Floating 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 Floating mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Deutsche Floating Lagged Returns
When evaluating Deutsche Floating's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Deutsche Floating mutual fund have on its future price. Deutsche Floating 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 Floating autocorrelation shows the relationship between Deutsche Floating mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Deutsche Floating Rate.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Deutsche Floating in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Deutsche Floating's short interest history, or implied volatility extrapolated from Deutsche Floating options trading.
Pair Trading with Deutsche Floating
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 Floating 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 Floating will appreciate offsetting losses from the drop in the long position's value.Moving together with Deutsche Mutual Fund
| 0.79 | KTCCX | Deutsche Science And | PairCorr |
| 0.76 | KTCAX | Deutsche Science And | PairCorr |
Moving against Deutsche Mutual Fund
| 0.45 | GCGGX | Deutsche Gnma | PairCorr |
The ability to find closely correlated positions to Deutsche Floating 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 Floating 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 Floating - 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 Floating Rate to buy it.
The correlation of Deutsche Floating 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 Floating moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Deutsche Floating Rate 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 Floating 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 Floating Correlation, Deutsche Floating Volatility and Deutsche Floating Alpha and Beta module to complement your research on Deutsche Floating. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Deutsche Floating 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.