Deutsche Munications Fund Market Value
| FLICX Fund | USD 39.88 0.00 0.00% |
| Symbol | Deutsche |
Deutsche Munications '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 Deutsche Munications' 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 Deutsche Munications.
| 01/05/2023 |
| 12/25/2024 |
If you would invest 0.00 in Deutsche Munications on January 5, 2023 and sell it all today you would earn a total of 0.00 from holding Deutsche Munications Fund or generate 0.0% return on investment in Deutsche Munications over 720 days. Deutsche Munications is related to or competes with Deutsche Gnma, Deutsche Short, Deutsche Short, Deutsche Science, Deutsche Science, Deutsche Science, and Deutsche Science. The fund invests at least 80 percent of net assets, plus the amount of any borrowings for investment purposes , in secur... More
Deutsche Munications 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 Deutsche Munications' 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 Deutsche Munications Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9898 | |||
| Information Ratio | 0.1602 | |||
| Maximum Drawdown | 5.24 | |||
| Value At Risk | (1.44) | |||
| Potential Upside | 1.69 |
Deutsche Munications Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Deutsche Munications' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Deutsche Munications' standard deviation. In reality, there are many statistical measures that can use Deutsche Munications historical prices to predict the future Deutsche Munications' volatility.| Risk Adjusted Performance | 0.1678 | |||
| Jensen Alpha | 0.1873 | |||
| Total Risk Alpha | 0.1439 | |||
| Sortino Ratio | 0.1513 | |||
| Treynor Ratio | (2.28) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Deutsche Munications' 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.
Deutsche Munications Backtested Returns
At this stage we consider Deutsche Mutual Fund to be very steady. Deutsche Munications 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-four technical indicators for Deutsche Munications Fund, which you can use to evaluate the volatility of the entity. Please confirm Deutsche Munications' Downside Deviation of 0.9898, coefficient of variation of 480.52, and Mean Deviation of 0.6919 to check if the risk estimate we provide is consistent with the expected return of 0.15%. The fund shows a Beta (market volatility) of -0.0809, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Deutsche Munications are expected to decrease at a much lower rate. During the bear market, Deutsche Munications is likely to outperform the market.
Auto-correlation | 0.86 |
Very good predictability
Deutsche Munications Fund has very good predictability. Overlapping area represents the amount of predictability between Deutsche Munications time series from 5th of January 2023 to 31st of December 2023 and 31st of December 2023 to 25th 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 Deutsche Munications price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current Deutsche Munications price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.86 | |
| Spearman Rank Test | 0.87 | |
| Residual Average | 0.0 | |
| Price Variance | 8.2 |
Deutsche Munications lagged returns against current returns
Autocorrelation, which is Deutsche Munications 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 Deutsche Munications' mutual fund expected returns. We can calculate the autocorrelation of Deutsche Munications returns to help us make a trade decision. For example, suppose you find that Deutsche Munications 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 |
Deutsche Munications 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 Deutsche Munications mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Deutsche Munications mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Deutsche Munications mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Deutsche Munications Lagged Returns
When evaluating Deutsche Munications' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Deutsche Munications mutual fund have on its future price. Deutsche Munications 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, Deutsche Munications autocorrelation shows the relationship between Deutsche Munications mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Deutsche Munications Fund.
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 Deutsche Mutual Fund
Deutsche Munications financial ratios help investors to determine whether Deutsche 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 Deutsche with respect to the benefits of owning Deutsche Munications security.
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