Davenport Balanced Income Fund Market Value
| DBALX Fund | USD 13.83 0.03 0.22% |
| Symbol | DAVENPORT |
Davenport Balanced '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 Davenport Balanced'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 Davenport Balanced.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Davenport Balanced on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Davenport Balanced Income or generate 0.0% return on investment in Davenport Balanced over 720 days. Davenport Balanced is related to or competes with Calamos Dynamic, Gabelli Convertible, Rationalpier, and Lord Abbett. The fund invests in a diversified portfolio of equity and fixed income securities, including exchange-traded funds that ... More
Davenport Balanced 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 Davenport Balanced'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 Davenport Balanced Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3341 | |||
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 1.33 | |||
| Value At Risk | (0.52) | |||
| Potential Upside | 0.5831 |
Davenport Balanced Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Davenport Balanced's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Davenport Balanced's standard deviation. In reality, there are many statistical measures that can use Davenport Balanced historical prices to predict the future Davenport Balanced's volatility.| Risk Adjusted Performance | 0.1233 | |||
| Jensen Alpha | 0.004 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.23) | |||
| Treynor Ratio | 0.1389 |
Davenport Balanced Income Backtested Returns
At this stage we consider DAVENPORT Mutual Fund to be very steady. Davenport Balanced Income secures Sharpe Ratio (or Efficiency) of 0.17, which denotes the fund had a 0.17% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Davenport Balanced Income, which you can use to evaluate the volatility of the entity. Please confirm Davenport Balanced's Downside Deviation of 0.3341, coefficient of variation of 561.86, and Mean Deviation of 0.2748 to check if the risk estimate we provide is consistent with the expected return of 0.0569%. The fund shows a Beta (market volatility) of 0.36, which means possible diversification benefits within a given portfolio. As returns on the market increase, Davenport Balanced's returns are expected to increase less than the market. However, during the bear market, the loss of holding Davenport Balanced is expected to be smaller as well.
Auto-correlation | -0.03 |
Very weak reverse predictability
Davenport Balanced Income has very weak reverse predictability. Overlapping area represents the amount of predictability between Davenport Balanced time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd of December 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 Davenport Balanced Income price movement. The serial correlation of -0.03 indicates that only 3.0% of current Davenport Balanced price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.28 |
Davenport Balanced Income lagged returns against current returns
Autocorrelation, which is Davenport Balanced 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 Davenport Balanced's mutual fund expected returns. We can calculate the autocorrelation of Davenport Balanced returns to help us make a trade decision. For example, suppose you find that Davenport Balanced 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 |
Davenport Balanced 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 Davenport Balanced mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Davenport Balanced mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Davenport Balanced mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Davenport Balanced Lagged Returns
When evaluating Davenport Balanced's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Davenport Balanced mutual fund have on its future price. Davenport Balanced 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, Davenport Balanced autocorrelation shows the relationship between Davenport Balanced mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Davenport Balanced Income.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in DAVENPORT Mutual Fund
Davenport Balanced financial ratios help investors to determine whether DAVENPORT 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 DAVENPORT with respect to the benefits of owning Davenport Balanced security.
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