Dynamic International Opportunity Fund Market Value
| ICCNX Fund | USD 12.19 0.11 0.89% |
| Symbol | Dynamic |
Dynamic 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 Dynamic 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 Dynamic International.
| 03/19/2024 |
| 04/18/2024 |
If you would invest 0.00 in Dynamic International on March 19, 2024 and sell it all today you would earn a total of 0.00 from holding Dynamic International Opportunity or generate 0.0% return on investment in Dynamic International over 30 days. Dynamic International is related to or competes with Vanguard Total, Vanguard Total, Vanguard Total, Vanguard Developed, Vanguard Developed, and Fidelity International. The fund invests primarily in ETFs that offer exposure to companies domiciled in developed, emerging, and frontier inter... More
Dynamic 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 Dynamic 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 Dynamic International Opportunity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6906 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 2.53 | |||
| Value At Risk | (1.11) | |||
| Potential Upside | 0.9167 |
Dynamic International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dynamic International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dynamic International's standard deviation. In reality, there are many statistical measures that can use Dynamic International historical prices to predict the future Dynamic International's volatility.| Risk Adjusted Performance | 0.0158 | |||
| Jensen Alpha | 3.0E-4 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.0485 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dynamic 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.
Dynamic International Backtested Returns
We consider Dynamic International very steady. Dynamic International secures Sharpe Ratio (or Efficiency) of 0.0662, which denotes the fund had a 0.0662% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Dynamic International Opportunity, which you can use to evaluate the volatility of the entity. Please confirm Dynamic International's Downside Deviation of 0.6906, coefficient of variation of 3832.04, and Mean Deviation of 0.4436 to check if the risk estimate we provide is consistent with the expected return of 0.0363%. The fund shows a Beta (market volatility) of 0.11, which means not very significant fluctuations relative to the market. As returns on the market increase, Dynamic International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dynamic International is expected to be smaller as well.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Dynamic International Opportunity has insignificant reverse predictability. Overlapping area represents the amount of predictability between Dynamic International time series from 19th of March 2024 to 3rd of April 2024 and 3rd of April 2024 to 18th 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 Dynamic International price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Dynamic International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Dynamic International lagged returns against current returns
Autocorrelation, which is Dynamic 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 Dynamic International's mutual fund expected returns. We can calculate the autocorrelation of Dynamic International returns to help us make a trade decision. For example, suppose you find that Dynamic International 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 |
Dynamic 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 Dynamic International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dynamic 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 Dynamic International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Dynamic International Lagged Returns
When evaluating Dynamic International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dynamic International mutual fund have on its future price. Dynamic 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, Dynamic International autocorrelation shows the relationship between Dynamic International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Dynamic International Opportunity.
Regressed Prices |
| Timeline |
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Dynamic 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.