Dodge Global Stock Fund Market Value
| DODWX Fund | USD 15.51 0.05 0.32% |
| Symbol | Dodge |
Dodge Global '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 Dodge Global'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 Dodge Global.
| 05/06/2022 |
| 04/25/2024 |
If you would invest 0.00 in Dodge Global on May 6, 2022 and sell it all today you would earn a total of 0.00 from holding Dodge Global Stock or generate 0.0% return on investment in Dodge Global over 720 days. Dodge Global is related to or competes with Dodge Stock, Dodge International, Dodge Cox, Dodge Balanced, Dodge Global, and Dodge Income. Under normal circumstances, the fund will invest at least 40 percent of its total assets in securities of non-U.S More
Dodge Global 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 Dodge Global'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 Dodge Global Stock upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7201 | |||
| Information Ratio | 7.0E-4 | |||
| Maximum Drawdown | 2.76 | |||
| Value At Risk | (1.08) | |||
| Potential Upside | 1.01 |
Dodge Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dodge Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dodge Global's standard deviation. In reality, there are many statistical measures that can use Dodge Global historical prices to predict the future Dodge Global's volatility.| Risk Adjusted Performance | 0.0908 | |||
| Jensen Alpha | 0.0113 | |||
| Total Risk Alpha | 0.0029 | |||
| Sortino Ratio | 6.0E-4 | |||
| Treynor Ratio | 0.0909 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dodge Global'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.
Dodge Global Stock Backtested Returns
We consider Dodge Global very steady. Dodge Global Stock secures Sharpe Ratio (or Efficiency) of 0.12, which denotes the fund had a 0.12% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Dodge Global Stock, which you can use to evaluate the volatility of the entity. Please confirm Dodge Global's Mean Deviation of 0.467, downside deviation of 0.7201, and Semi Deviation of 0.5755 to check if the risk estimate we provide is consistent with the expected return of 0.072%. The fund shows a Beta (market volatility) of 0.86, which means possible diversification benefits within a given portfolio. Dodge Global returns are very sensitive to returns on the market. As the market goes up or down, Dodge Global is expected to follow.
Auto-correlation | 0.48 |
Average predictability
Dodge Global Stock has average predictability. Overlapping area represents the amount of predictability between Dodge Global time series from 6th of May 2022 to 1st of May 2023 and 1st of May 2023 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 Dodge Global Stock price movement. The serial correlation of 0.48 indicates that about 48.0% of current Dodge Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.56 |
Dodge Global Stock lagged returns against current returns
Autocorrelation, which is Dodge Global 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 Dodge Global's mutual fund expected returns. We can calculate the autocorrelation of Dodge Global returns to help us make a trade decision. For example, suppose you find that Dodge Global 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 |
Dodge Global 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 Dodge Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dodge Global mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dodge Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Dodge Global Lagged Returns
When evaluating Dodge Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dodge Global mutual fund have on its future price. Dodge Global 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, Dodge Global autocorrelation shows the relationship between Dodge Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Dodge Global Stock.
Regressed Prices |
| Timeline |
Pair Trading with Dodge Global
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 Dodge Global 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 Dodge Global will appreciate offsetting losses from the drop in the long position's value.Moving together with Dodge Mutual Fund
| 0.98 | DODGX | Dodge Stock Fund | PairCorr |
| 0.99 | DODFX | Dodge International Stock | PairCorr |
| 0.91 | DODEX | Dodge Cox Emerging | PairCorr |
| 0.97 | DODBX | Dodge Balanced | PairCorr |
The ability to find closely correlated positions to Dodge Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dodge Global 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 Dodge Global - 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 Dodge Global Stock to buy it.
The correlation of Dodge Global 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 Dodge Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dodge Global Stock 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 Dodge Global 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 Dodge Global Correlation, Dodge Global Volatility and Dodge Global Alpha and Beta module to complement your research on Dodge Global. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Dodge Global 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.