Davenport Small Cap Fund Market Value
| DSCPX Fund | USD 18.96 0.02 0.11% |
| Symbol | Davenport |
Davenport Small '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 Small'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 Small.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Davenport Small on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Davenport Small Cap or generate 0.0% return on investment in Davenport Small over 360 days. Davenport Small is related to or competes with Davenport Core, Davenport Balanced, Davenport Equity, Kinetics Paradigm, Federated Global, Salient Mlp, and Mobile Telecommunicatio. Under normal circumstances, at least 80 percent of the funds net assets will be invested in common stocks of small capit... More
Davenport Small 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 Small'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 Small Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.963 | |||
| Information Ratio | 0.0098 | |||
| Maximum Drawdown | 6.2 | |||
| Value At Risk | (1.43) | |||
| Potential Upside | 1.74 |
Davenport Small Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Davenport Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Davenport Small's standard deviation. In reality, there are many statistical measures that can use Davenport Small historical prices to predict the future Davenport Small's volatility.| Risk Adjusted Performance | 0.104 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0115 | |||
| Treynor Ratio | 0.112 |
Davenport Small Cap Backtested Returns
At this stage we consider Davenport Mutual Fund to be very steady. Davenport Small Cap secures Sharpe Ratio (or Efficiency) of 0.16, which denotes the fund had a 0.16% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Davenport Small Cap, which you can use to evaluate the volatility of the entity. Please confirm Davenport Small's Downside Deviation of 0.963, coefficient of variation of 758.76, and Mean Deviation of 0.8082 to check if the risk estimate we provide is consistent with the expected return of 0.17%. The fund shows a Beta (market volatility) of 1.24, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Davenport Small will likely underperform.
Auto-correlation | -0.03 |
Very weak reverse predictability
Davenport Small Cap has very weak reverse predictability. Overlapping area represents the amount of predictability between Davenport Small time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st 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 Small Cap price movement. The serial correlation of -0.03 indicates that only 3.0% of current Davenport Small price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.35 |
Davenport Small Cap lagged returns against current returns
Autocorrelation, which is Davenport Small 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 Small's mutual fund expected returns. We can calculate the autocorrelation of Davenport Small returns to help us make a trade decision. For example, suppose you find that Davenport Small 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 Small 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 Small mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Davenport Small 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 Small mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Davenport Small Lagged Returns
When evaluating Davenport Small's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Davenport Small mutual fund have on its future price. Davenport Small 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 Small autocorrelation shows the relationship between Davenport Small mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Davenport Small Cap.
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 Small 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 Small security.
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