Davis Select Equity Etf Market Value
| DUSA Etf | USD 45.07 0.12 0.27% |
| Symbol | Davis |
The market value of Davis Select Equity is measured differently than its book value, which is the value of Davis that is recorded on the company's balance sheet. Investors also form their own opinion of Davis Select's value that differs from its market value or its book value, called intrinsic value, which is Davis Select's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Davis Select's market value can be influenced by many factors that don't directly affect Davis Select's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Davis Select's value and its price as these two are different measures arrived at by different means. Investors typically determine if Davis Select is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Davis Select's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Davis 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 Davis Select's etf 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 Select.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Davis Select on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Davis Select Equity or generate 0.0% return on investment in Davis Select over 30 days. Davis Select is related to or competes with FT Vest, Northern Lights, Dimensional International, JPMorgan Fundamental, Matthews China, Davis Select, and Dimensional ETF. Under normal market conditions, the fund will invest at least 80 percent of its net assets plus any borrowings for inves... More
Davis 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 Davis Select's etf 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 Select Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.03 | |||
| Information Ratio | 0.0275 | |||
| Maximum Drawdown | 6.37 | |||
| Value At Risk | (1.52) | |||
| Potential Upside | 1.82 |
Davis Select Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Davis Select's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Davis Select's standard deviation. In reality, there are many statistical measures that can use Davis Select historical prices to predict the future Davis Select's volatility.| Risk Adjusted Performance | 0.1136 | |||
| Jensen Alpha | 0.0088 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0284 | |||
| Treynor Ratio | 0.1218 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Davis Select'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 Select Equity Backtested Returns
At this point, Davis Select is very steady. Davis Select Equity secures Sharpe Ratio (or Efficiency) of 0.16, which denotes the etf had a 0.16% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Davis Select Equity, which you can use to evaluate the volatility of the entity. Please confirm Davis Select's Mean Deviation of 0.7452, coefficient of variation of 689.29, and Downside Deviation of 1.03 to check if the risk estimate we provide is consistent with the expected return of 0.17%. The etf shows a Beta (market volatility) of 1.18, 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, Davis Select will likely underperform.
Auto-correlation | 0.60 |
Good predictability
Davis Select Equity has good predictability. Overlapping area represents the amount of predictability between Davis Select time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd 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 Select Equity price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current Davis Select price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.27 |
Davis Select Equity lagged returns against current returns
Autocorrelation, which is Davis Select etf'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 Select's etf expected returns. We can calculate the autocorrelation of Davis Select returns to help us make a trade decision. For example, suppose you find that Davis Select has exhibited high autocorrelation historically, and you observe that the etf 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 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 Davis Select etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Davis Select etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Davis Select etf over time.
Current vs Lagged Prices |
| Timeline |
Davis Select Lagged Returns
When evaluating Davis Select's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Davis Select etf have on its future price. Davis 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, Davis Select autocorrelation shows the relationship between Davis Select etf current value and its past values and can show if there is a momentum factor associated with investing in Davis Select Equity.
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.When determining whether Davis Select Equity offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Davis Select's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Davis Select Equity Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Davis Select Equity Etf:Check out Davis Select Correlation, Davis Select Volatility and Davis Select Alpha and Beta module to complement your research on Davis Select. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Davis Select technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.