DELAWARE Mutual Fund Manager Performance Evaluation

DVSCX Fund  USD 10.08  0.03  0.30%   
The fund shows a Beta (market volatility) of 0.0196, which means not very significant fluctuations relative to the market. Let's try to break down what DELAWARE's beta means in this case. As returns on the market increase, DELAWARE TAX-FREE returns are expected to increase less than the market. However, during the bear market, the loss on holding DELAWARE TAX-FREE will be expected to be smaller as well. Although it is important to respect DELAWARE TAX-FREE historical returns, it is better to be realistic regarding the information on the equity's current trending patterns. The approach towards 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 analyzing DELAWARE TAX-FREE technical indicators, you can right now evaluate if the expected return of 0.0244% will be sustainable into the future.
  

DELAWARE Performance

9 of 100

Compared to the overall equity markets, risk-adjusted returns on investments in DELAWARE TAX-FREE MINNESOTA are ranked lower than 9 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong fundamental indicators, DELAWARE TAX-FREE is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
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Fifty Two Week Low9.54
Fifty Two Week High11.17

DELAWARE TAX-FREE Relative Risk vs. Return Landscape

If you would invest  993.00  in DELAWARE TAX-FREE MINNESOTA on December 26, 2022 and sell it today you would earn a total of  15.00  from holding DELAWARE TAX-FREE MINNESOTA or generate 1.51% return on investment over 90 days. DELAWARE TAX-FREE MINNESOTA is currently producing 0.0244% returns and takes up 0.2027% volatility of returns over 90 trading days. Put another way, 1% of traded mutual funds are less volatile than DELAWARE, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days.
  Daily Expected Return (%)  
       Risk (%)  
Assuming the 90 days horizon DELAWARE TAX-FREE is expected to generate 0.21 times more return on investment than the market. However, the company is 4.69 times less risky than the market. It trades about 0.12 of its potential returns per unit of risk. The NYSE Composite is currently generating roughly -0.05 per unit of risk.

DELAWARE TAX-FREE Current Valuation

Fairly Valued
Today 10.08
Please note that DELAWARE TAX-FREE's price fluctuation is very steady at this time.
DELAWARE TAX-FREE shows a prevailing Real Value of $10.08 per share. The current price of the fund is $10.08. At this time, the entity appears to be fairly valued. We determine the value of DELAWARE TAX-FREE from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we advise acquiring undervalued mutual funds and dropping overvalued mutual funds since, in the future, mutual fund prices and their ongoing real values will submerge.
Our valuation method for DELAWARE TAX-FREE MINNESOTA is useful when determining the fair value of the DELAWARE mutual fund, which is usually determined by what a typical buyer is willing to pay for full or partial control of DELAWARE TAX-FREE. Since DELAWARE TAX-FREE is currently traded on the exchange, buyers and sellers on that exchange determine the market value of DELAWARE Mutual Fund. However, DELAWARE TAX-FREE's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value.
10.08
Real Value
10.28
Upside
Estimating the potential upside or downside of DELAWARE TAX-FREE MINNESOTA helps investors to forecast how DELAWARE mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of DELAWARE TAX-FREE more accurately as focusing exclusively on DELAWARE TAX-FREE's fundamentals will not take into account other important factors:
Bollinger
Band Projection (param)
LowerMiddle BandUpper
10.0110.0510.08
Details
Hype
Prediction
LowEstimated ValueHigh
9.8810.0810.28
Details
Potential
Annual Dividend
LowIncome Per ShareHigh
0.090.090.09
Details

DELAWARE TAX-FREE Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for DELAWARE TAX-FREE's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as DELAWARE TAX-FREE MINNESOTA, and traders can use it to determine the average amount a DELAWARE TAX-FREE's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.1203

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Estimated Market Risk

 0.2
  actual daily
 
99% of assets are more volatile
11

Expected Return

 0.02
  actual daily
 
Most of other assets have higher returns
00

Risk-Adjusted Return

 0.12
  actual daily
 
91% of assets perform better
99
Based on monthly moving average DELAWARE TAX-FREE is performing at about 9% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of DELAWARE TAX-FREE by adding it to a well-diversified portfolio.

DELAWARE TAX-FREE Fundamentals Growth

DELAWARE Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of DELAWARE TAX-FREE, and DELAWARE TAX-FREE fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on DELAWARE Mutual Fund performance.

About DELAWARE TAX-FREE Performance

To evaluate DELAWARE TAX-FREE Mutual Fund as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when DELAWARE TAX-FREE generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare DELAWARE Mutual Fund's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand DELAWARE TAX-FREE market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents DELAWARE's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of //window.location = "/error404.html";