Davis New York Fund Price on November 15, 2024
| DNVYX Fund | USD 31.73 0.03 0.09% |
Below is the normalized historical share price chart for Davis New York extending back to February 10, 1997. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Davis New stands at 31.73, as last reported on the 11th of December 2024, with the highest price reaching 31.73 and the lowest price hitting 31.73 during the day.
If you're considering investing in Davis Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider Davis Mutual Fund to be very steady. Davis New York secures Sharpe Ratio (or Efficiency) of 0.18, which denotes the fund had a 0.18% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Davis New York, which you can use to evaluate the volatility of the entity. Please confirm Davis New's Coefficient Of Variation of 543.28, mean deviation of 0.6276, and Downside Deviation of 0.817 to check if the risk estimate we provide is consistent with the expected return of 0.16%.
Davis Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Davis |
Sharpe Ratio = 0.176
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Estimated Market Risk
| 0.9 actual daily | 8 92% of assets are more volatile |
Expected Return
| 0.16 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.18 actual daily | 13 87% of assets perform better |
Based on monthly moving average Davis New is performing at about 13% 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 Davis New by adding it to a well-diversified portfolio.
Davis New Valuation on November 15, 2024
It is possible to determine the worth of Davis New on a given historical date. On November 15, 2024 Davis was worth 31.02 at the beginning of the trading date compared to the closed value of 31.02. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Davis New mutual fund. Still, in general, we apply an absolute valuation method to find Davis New's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Davis New where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Davis New's related companies.
| Open | High | Low | Close | Volume | |
| 31.32 | 31.32 | 31.32 | 31.32 | 1.00 | |
11/15/2024 | 31.02 | 31.02 | 31.02 | 31.02 | 1.00 |
| 31.21 | 31.21 | 31.21 | 31.21 | 1.00 |
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Davis New Trading Date Momentum on November 15, 2024
| On November 18 2024 Davis New York was traded for 31.21 at the closing time. The highest daily price throughout the period was 31.21 and the lowest price was 31.21 . There was no trading activity during the period 1.0. Lack of trading volume on 11/18/2024 added to the next day price jump. The overall trading delta to closing price of the next trading day was 0.61% . The overall trading delta to current closing price is 2.84% . |
Davis New York Fundamentals Correlations and Trends
By evaluating Davis New's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Davis New's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Davis financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Davis New Mutual Fund history
Davis New investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Davis is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Davis New York will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Davis New stock prices may prove useful in developing a viable investing in Davis New
Davis Selected Advisers, L.P. , the funds investment adviser, uses the Davis Investment Discipline to invest the funds portfolio principally in common stocks issued by large companies with market capitalizations of at least 10 billion. Historically, the fund has invested a significant portion of its assets in financial services companies and in foreign companies, and may also invest in mid- and small- capitalization companies.
Davis New Mutual Fund Technical Analysis
Davis New 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.
Price Boundaries
Davis New Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
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Davis New December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Davis New mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Davis New shares will generate the highest return on investment. By undertsting and applying Davis New mutual fund market strength indicators, traders can identify Davis New York entry and exit signals to maximize returns
Davis New Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Davis New's price direction in advance. Along with the technical and fundamental analysis of Davis Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Davis to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1348 | |||
| Jensen Alpha | 0.1596 | |||
| Total Risk Alpha | 0.0127 | |||
| Sortino Ratio | 0.0471 | |||
| Treynor Ratio | (2.62) |
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Other Information on Investing in Davis Mutual Fund
Davis New financial ratios help investors to determine whether Davis Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Davis with respect to the benefits of owning Davis New security.
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance |