Deutsche Health And Fund Market Value
| SUHCX Fund | USD 22.25 0.05 0.22% |
| Symbol | Deutsche |
Deutsche Health '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 Health'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 Deutsche Health.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Deutsche Health on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Deutsche Health And or generate 0.0% return on investment in Deutsche Health over 30 days. Deutsche Health is related to or competes with Vanguard Health, and Blackrock Health. Under normal circumstances, the fund will invest at least 80 percent of net assets, plus the amount of any borrowings fo... More
Deutsche Health 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 Health'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 Deutsche Health And upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 2.79 | |||
| Value At Risk | (1.00) | |||
| Potential Upside | 1.16 |
Deutsche Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Deutsche Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Deutsche Health's standard deviation. In reality, there are many statistical measures that can use Deutsche Health historical prices to predict the future Deutsche Health's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | (0.18) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Deutsche Health'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.
Deutsche Health And Backtested Returns
Deutsche Health And secures Sharpe Ratio (or Efficiency) of -0.0166, which denotes the fund had a -0.0166% return per unit of risk over the last 3 months. Deutsche Health And exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Deutsche Health's Standard Deviation of 0.6433, mean deviation of 0.495, and Variance of 0.4138 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.12, which means not very significant fluctuations relative to the market. As returns on the market increase, Deutsche Health's returns are expected to increase less than the market. However, during the bear market, the loss of holding Deutsche Health is expected to be smaller as well.
Auto-correlation | 0.34 |
Below average predictability
Deutsche Health And has below average predictability. Overlapping area represents the amount of predictability between Deutsche Health time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th 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 Deutsche Health And price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Deutsche Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Deutsche Health And lagged returns against current returns
Autocorrelation, which is Deutsche Health 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 Health's mutual fund expected returns. We can calculate the autocorrelation of Deutsche Health returns to help us make a trade decision. For example, suppose you find that Deutsche Health 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 Health 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 Health mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Deutsche Health 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 Health mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Deutsche Health Lagged Returns
When evaluating Deutsche Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Deutsche Health mutual fund have on its future price. Deutsche Health 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 Health autocorrelation shows the relationship between Deutsche Health mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Deutsche Health And.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Deutsche Health in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Deutsche Health's short interest history, or implied volatility extrapolated from Deutsche Health options trading.
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Check out Deutsche Health Correlation, Deutsche Health Volatility and Deutsche Health Alpha and Beta module to complement your research on Deutsche Health. Note that the Deutsche Health And information on this page should be used as a complementary analysis to other Deutsche Health's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Deutsche Health 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.