Dnp Select Income Fund Market Value
| DNP Fund | USD 9.61 0.02 0.21% |
| Symbol | Dnp |
Dnp Select '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 Dnp Select's 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 Dnp Select.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Dnp Select on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Dnp Select Income or generate 0.0% return on investment in Dnp Select over 30 days. Dnp Select is related to or competes with Cohen, Cohen Steers, Cohen Steers, Pimco Dynamic, Calamos Convertible, Calamos Global, and Calamos Convertible. DNP Select Income Fund Inc. is a closed ended balanced mutual fund launched by Virtus Investment Partners, Inc More
Dnp Select 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 Dnp Select's 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 Dnp Select Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.08 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 4.22 | |||
| Value At Risk | (1.41) | |||
| Potential Upside | 1.35 |
Dnp Select Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dnp Select's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dnp Select's standard deviation. In reality, there are many statistical measures that can use Dnp Select historical prices to predict the future Dnp Select's volatility.| Risk Adjusted Performance | 0.0592 | |||
| Jensen Alpha | 0.034 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.3045 |
Dnp Select Income Backtested Returns
Currently, Dnp Select Income is very steady. Dnp Select Income secures Sharpe Ratio (or Efficiency) of 0.0644, which denotes the fund had a 0.0644% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Dnp Select Income, which you can use to evaluate the volatility of the entity. Please confirm Dnp Select's Downside Deviation of 1.08, mean deviation of 0.7058, and Coefficient Of Variation of 1327.76 to check if the risk estimate we provide is consistent with the expected return of 0.0597%. The fund shows a Beta (market volatility) of 0.19, which means not very significant fluctuations relative to the market. As returns on the market increase, Dnp Select's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dnp Select is expected to be smaller as well.
Auto-correlation | -0.07 |
Very weak reverse predictability
Dnp Select Income has very weak reverse predictability. Overlapping area represents the amount of predictability between Dnp Select time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Dnp Select Income price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Dnp Select price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Dnp Select Income lagged returns against current returns
Autocorrelation, which is Dnp Select 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 Dnp Select's fund expected returns. We can calculate the autocorrelation of Dnp Select returns to help us make a trade decision. For example, suppose you find that Dnp Select has exhibited high autocorrelation historically, and you observe that the 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 |
Dnp Select 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 Dnp Select fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dnp Select fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dnp Select fund over time.
Current vs Lagged Prices |
| Timeline |
Dnp Select Lagged Returns
When evaluating Dnp Select's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dnp Select fund have on its future price. Dnp Select 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, Dnp Select autocorrelation shows the relationship between Dnp Select fund current value and its past values and can show if there is a momentum factor associated with investing in Dnp Select Income.
Regressed Prices |
| Timeline |
Pair Trading with Dnp Select
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Dnp Select position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Dnp Select will appreciate offsetting losses from the drop in the long position's value.Moving together with Dnp Fund
Moving against Dnp Fund
The ability to find closely correlated positions to Dnp Select could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dnp Select when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Dnp Select - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Dnp Select Income to buy it.
The correlation of Dnp Select is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Dnp Select moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dnp Select Income moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Dnp Select can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Dnp Fund
Dnp Select financial ratios help investors to determine whether Dnp 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 Dnp with respect to the benefits of owning Dnp Select security.
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