Dfa Municipal Real Fund Market Value
| DMREX Fund | USD 10.86 0.02 0.18% |
| Symbol | Dfa |
Dfa Municipal '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 Dfa Municipal'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 Dfa Municipal.
| 06/02/2024 |
| 11/29/2024 |
If you would invest 0.00 in Dfa Municipal on June 2, 2024 and sell it all today you would earn a total of 0.00 from holding Dfa Municipal Real or generate 0.0% return on investment in Dfa Municipal over 180 days. Dfa Municipal is related to or competes with Ab Global, Federated Institutional, Lgm Risk, Aqr Risk-balanced, Needham Aggressive, T Rowe, and California High-yield. The fund seeks its investment objective by investing primarily in a universe of investment grade municipal securities, i... More
Dfa Municipal 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 Dfa Municipal'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 Dfa Municipal Real upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1303 | |||
| Information Ratio | (1.74) | |||
| Maximum Drawdown | 0.2772 | |||
| Value At Risk | (0.09) | |||
| Potential Upside | 0.0928 |
Dfa Municipal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dfa Municipal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dfa Municipal's standard deviation. In reality, there are many statistical measures that can use Dfa Municipal historical prices to predict the future Dfa Municipal's volatility.| Risk Adjusted Performance | 0.0243 | |||
| Jensen Alpha | (0.0002) | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.88) | |||
| Treynor Ratio | 0.0996 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dfa Municipal'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.
Dfa Municipal Real Backtested Returns
At this stage we consider Dfa Mutual Fund to be very steady. Dfa Municipal Real secures Sharpe Ratio (or Efficiency) of 0.18, which denotes the fund had a 0.18% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Dfa Municipal Real, which you can use to evaluate the volatility of the entity. Please confirm Dfa Municipal's Mean Deviation of 0.0446, downside deviation of 0.1303, and Coefficient Of Variation of 585.89 to check if the risk estimate we provide is consistent with the expected return of 0.0118%. The fund shows a Beta (market volatility) of 0.0123, which means not very significant fluctuations relative to the market. As returns on the market increase, Dfa Municipal's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dfa Municipal is expected to be smaller as well.
Auto-correlation | 0.88 |
Very good predictability
Dfa Municipal Real has very good predictability. Overlapping area represents the amount of predictability between Dfa Municipal time series from 2nd of June 2024 to 31st of August 2024 and 31st of August 2024 to 29th of November 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 Dfa Municipal Real price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Dfa Municipal price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.9 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Dfa Municipal Real lagged returns against current returns
Autocorrelation, which is Dfa Municipal 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 Dfa Municipal's mutual fund expected returns. We can calculate the autocorrelation of Dfa Municipal returns to help us make a trade decision. For example, suppose you find that Dfa Municipal 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 |
Dfa Municipal 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 Dfa Municipal mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dfa Municipal mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dfa Municipal mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Dfa Municipal Lagged Returns
When evaluating Dfa Municipal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dfa Municipal mutual fund have on its future price. Dfa Municipal 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, Dfa Municipal autocorrelation shows the relationship between Dfa Municipal mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Dfa Municipal Real.
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 Dfa Mutual Fund
Dfa Municipal financial ratios help investors to determine whether Dfa 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 Dfa with respect to the benefits of owning Dfa Municipal security.
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