Delaware Value Fund Market Value
| DDVRX Fund | USD 17.48 0.08 0.46% |
| Symbol | Delaware |
Delaware Value '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 Delaware Value'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 Delaware Value.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Delaware Value on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Delaware Value Fund or generate 0.0% return on investment in Delaware Value over 30 days. Delaware Value is related to or competes with Edgewood Growth, Hartford Schroders, HUMANA, Morningstar Unconstrained, High Yield, Thrivent High, and Via Renewables. Under normal circumstances, the fund will invest at least 80 percent of its net assets, plus the amount of any borrowing... More
Delaware Value 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 Delaware Value'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 Delaware Value Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6796 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 2.95 | |||
| Value At Risk | (1.01) | |||
| Potential Upside | 0.9329 |
Delaware Value Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Delaware Value's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Delaware Value's standard deviation. In reality, there are many statistical measures that can use Delaware Value historical prices to predict the future Delaware Value's volatility.| Risk Adjusted Performance | 0.0637 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0624 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Delaware Value'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.
Delaware Value Backtested Returns
We consider Delaware Value very steady. Delaware Value secures Sharpe Ratio (or Efficiency) of 0.12, which denotes the fund had a 0.12% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Delaware Value Fund, which you can use to evaluate the volatility of the entity. Please confirm Delaware Value's Mean Deviation of 0.4663, coefficient of variation of 969.87, and Downside Deviation of 0.6796 to check if the risk estimate we provide is consistent with the expected return of 0.0685%. The fund shows a Beta (market volatility) of 0.82, which means possible diversification benefits within a given portfolio. As returns on the market increase, Delaware Value's returns are expected to increase less than the market. However, during the bear market, the loss of holding Delaware Value is expected to be smaller as well.
Auto-correlation | -0.27 |
Weak reverse predictability
Delaware Value Fund has weak reverse predictability. Overlapping area represents the amount of predictability between Delaware Value time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th of April 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 Delaware Value price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Delaware Value price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Delaware Value lagged returns against current returns
Autocorrelation, which is Delaware Value 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 Delaware Value's mutual fund expected returns. We can calculate the autocorrelation of Delaware Value returns to help us make a trade decision. For example, suppose you find that Delaware Value 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 |
Delaware Value 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 Delaware Value mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Delaware Value mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Delaware Value mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Delaware Value Lagged Returns
When evaluating Delaware Value's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Delaware Value mutual fund have on its future price. Delaware Value 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, Delaware Value autocorrelation shows the relationship between Delaware Value mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Delaware Value Fund.
Regressed Prices |
| Timeline |
Pair Trading with Delaware Value
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 Delaware Value 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 Delaware Value will appreciate offsetting losses from the drop in the long position's value.Moving together with Delaware Mutual Fund
| 0.96 | OASVX | Optimum Small Mid | PairCorr |
| 0.82 | DHIZX | Delaware High Yield | PairCorr |
| 0.72 | DHIRX | Delaware High Yield | PairCorr |
| 0.81 | DHOIX | Delaware High Yield | PairCorr |
| 0.73 | DHOCX | Delaware High Yield | PairCorr |
The ability to find closely correlated positions to Delaware Value could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Delaware Value 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 Delaware Value - 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 Delaware Value Fund to buy it.
The correlation of Delaware Value 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 Delaware Value moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Delaware Value 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 Delaware Value 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.Check out Delaware Value Correlation, Delaware Value Volatility and Delaware Value Alpha and Beta module to complement your research on Delaware Value. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Delaware Value technical mutual fund 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, fund market cycles, or different charting patterns.