Davis Government Bond Fund Market Value
| DGVCX Fund | USD 5.12 0.01 0.20% |
| Symbol | Davis |
Davis Government '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 Davis Government'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 Davis Government.
| 12/15/2022 |
| 12/04/2024 |
If you would invest 0.00 in Davis Government on December 15, 2022 and sell it all today you would earn a total of 0.00 from holding Davis Government Bond or generate 0.0% return on investment in Davis Government over 720 days. Davis Government is related to or competes with T Rowe, Artisan Thematic, Vanguard Windsor, Nasdaq 100, Commonwealth Global, Balanced Fund, and Ab Small. The fund invests exclusively in U.S. Treasury securities, U.S More
Davis Government 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 Davis Government'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 Davis Government Bond upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2061 | |||
| Information Ratio | (1.04) | |||
| Maximum Drawdown | 0.3925 | |||
| Value At Risk | (0.20) | |||
| Potential Upside | 0.1965 |
Davis Government Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Davis Government's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Davis Government's standard deviation. In reality, there are many statistical measures that can use Davis Government historical prices to predict the future Davis Government's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.55) | |||
| Treynor Ratio | (3.01) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Davis Government'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.
Davis Government Bond Backtested Returns
Davis Government Bond secures Sharpe Ratio (or Efficiency) of -0.0584, which denotes the fund had a -0.0584% return per unit of risk over the last 3 months. Davis Government Bond exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Davis Government's Mean Deviation of 0.0593, coefficient of variation of 186965.48, and Downside Deviation of 0.2061 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.0033, which means not very significant fluctuations relative to the market. As returns on the market increase, Davis Government's returns are expected to increase less than the market. However, during the bear market, the loss of holding Davis Government is expected to be smaller as well.
Auto-correlation | 0.58 |
Modest predictability
Davis Government Bond has modest predictability. Overlapping area represents the amount of predictability between Davis Government time series from 15th of December 2022 to 10th of December 2023 and 10th of December 2023 to 4th 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 Davis Government Bond price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Davis Government price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Davis Government Bond lagged returns against current returns
Autocorrelation, which is Davis Government 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 Davis Government's mutual fund expected returns. We can calculate the autocorrelation of Davis Government returns to help us make a trade decision. For example, suppose you find that Davis Government 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 |
Davis Government 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 Davis Government mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Davis Government mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Davis Government mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Davis Government Lagged Returns
When evaluating Davis Government's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Davis Government mutual fund have on its future price. Davis Government 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, Davis Government autocorrelation shows the relationship between Davis Government mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Davis Government Bond.
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 Davis Mutual Fund
Davis Government 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 Government security.
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