Driehaus International Small Fund Market Value
| DRIOX Fund | USD 9.44 0.09 0.96% |
| Symbol | Driehaus |
Driehaus International '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 Driehaus International'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 Driehaus International.
| 10/13/2024 |
| 12/12/2024 |
If you would invest 0.00 in Driehaus International on October 13, 2024 and sell it all today you would earn a total of 0.00 from holding Driehaus International Small or generate 0.0% return on investment in Driehaus International over 60 days. Driehaus International is related to or competes with Driehaus Emerging, Driehaus Emerging, Driehaus Emerging, Driehaus Smallmid, and Driehaus Multi. The fund uses a growth style of investment in equity securities, including common stocks and other equity securities of ... More
Driehaus International 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 Driehaus International'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 Driehaus International Small upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7455 | |||
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 3.58 | |||
| Value At Risk | (1.13) | |||
| Potential Upside | 1.18 |
Driehaus International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Driehaus International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Driehaus International's standard deviation. In reality, there are many statistical measures that can use Driehaus International historical prices to predict the future Driehaus International's volatility.| Risk Adjusted Performance | 0.0031 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.16) | |||
| Treynor Ratio | (0.02) |
Driehaus International Backtested Returns
Driehaus International secures Sharpe Ratio (or Efficiency) of -0.0311, which denotes the fund had a -0.0311% return per unit of risk over the last 3 months. Driehaus International Small exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Driehaus International's Downside Deviation of 0.7455, coefficient of variation of 26905.18, and Mean Deviation of 0.5713 to check the risk estimate we provide. 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, Driehaus International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Driehaus International is expected to be smaller as well.
Auto-correlation | -0.47 |
Modest reverse predictability
Driehaus International Small has modest reverse predictability. Overlapping area represents the amount of predictability between Driehaus International time series from 13th of October 2024 to 12th of November 2024 and 12th of November 2024 to 12th 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 Driehaus International price movement. The serial correlation of -0.47 indicates that about 47.0% of current Driehaus International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.47 | |
| Spearman Rank Test | -0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Driehaus International lagged returns against current returns
Autocorrelation, which is Driehaus International 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 Driehaus International's mutual fund expected returns. We can calculate the autocorrelation of Driehaus International returns to help us make a trade decision. For example, suppose you find that Driehaus International 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 |
Driehaus International 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 Driehaus International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Driehaus International mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Driehaus International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Driehaus International Lagged Returns
When evaluating Driehaus International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Driehaus International mutual fund have on its future price. Driehaus International 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, Driehaus International autocorrelation shows the relationship between Driehaus International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Driehaus International Small.
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 Driehaus Mutual Fund
Driehaus International financial ratios help investors to determine whether Driehaus 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 Driehaus with respect to the benefits of owning Driehaus International security.
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