Davis Select International Etf Market Value
| DINT Etf | USD 19.62 0.18 0.91% |
| Symbol | Davis |
The market value of Davis Select Interna is measured differently than its book value, which is the value of Davis that is recorded on the company's balance sheet. Investors also form their own opinion of Davis Select's value that differs from its market value or its book value, called intrinsic value, which is Davis Select's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Davis Select's market value can be influenced by many factors that don't directly affect Davis Select's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Davis Select's value and its price as these two are different measures arrived at by different means. Investors typically determine if Davis Select is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Davis Select'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.
Davis Select '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 Davis Select's etf 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 Davis Select.
| 06/27/2024 |
| 07/27/2024 |
If you would invest 0.00 in Davis Select on June 27, 2024 and sell it all today you would earn a total of 0.00 from holding Davis Select International or generate 0.0% return on investment in Davis Select over 30 days. Davis Select is related to or competes with Davis Select, Davis Select, and First Trust. The funds investment adviser uses the Davis Investment Discipline to invest the funds portfolio principally in common st... More
Davis Select 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 Davis Select's etf 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 Davis Select International upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.08 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 6.8 | |||
| Value At Risk | (1.73) | |||
| Potential Upside | 1.5 |
Davis Select Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Davis Select's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Davis Select's standard deviation. In reality, there are many statistical measures that can use Davis Select historical prices to predict the future Davis Select's volatility.| Risk Adjusted Performance | 0.0292 | |||
| Jensen Alpha | 0.0203 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.1944 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Davis Select'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.
Davis Select Interna Backtested Returns
Davis Select Interna secures Sharpe Ratio (or Efficiency) of -0.0351, which denotes the etf had a -0.0351% return per unit of risk over the last 3 months. Davis Select International exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Davis Select's Coefficient Of Variation of 2701.51, mean deviation of 0.9017, and Downside Deviation of 1.08 to check the risk estimate we provide. The etf shows a Beta (market volatility) of 0.17, which means not very significant fluctuations relative to the market. As returns on the market increase, Davis Select's returns are expected to increase less than the market. However, during the bear market, the loss of holding Davis Select is expected to be smaller as well.
Auto-correlation | -0.92 |
Near perfect reversele predictability
Davis Select International has near perfect reversele predictability. Overlapping area represents the amount of predictability between Davis Select time series from 27th of June 2024 to 12th of July 2024 and 12th of July 2024 to 27th of July 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 Davis Select Interna price movement. The serial correlation of -0.92 indicates that approximately 92.0% of current Davis Select price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.92 | |
| Spearman Rank Test | -0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
Davis Select Interna lagged returns against current returns
Autocorrelation, which is Davis Select etf'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 Davis Select's etf expected returns. We can calculate the autocorrelation of Davis Select returns to help us make a trade decision. For example, suppose you find that Davis Select has exhibited high autocorrelation historically, and you observe that the etf 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 |
Davis Select 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 Davis Select etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Davis Select etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Davis Select etf over time.
Current vs Lagged Prices |
| Timeline |
Davis Select Lagged Returns
When evaluating Davis Select's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Davis Select etf have on its future price. Davis Select 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, Davis Select autocorrelation shows the relationship between Davis Select etf current value and its past values and can show if there is a momentum factor associated with investing in Davis Select International.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Information and Resources on Investing in Davis Etf
When determining whether Davis Select Interna is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Davis Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Davis Select International Etf. Highlighted below are key reports to facilitate an investment decision about Davis Select International Etf:Check out Davis Select Correlation, Davis Select Volatility and Davis Select Alpha and Beta module to complement your research on Davis Select. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Davis Select technical etf 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, etf market cycles, or different charting patterns.