Delaware Emerging Markets Fund Market Value
| DEMCX Fund | USD 20.32 0.03 0.15% |
| Symbol | Delaware |
Delaware Emerging '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 Emerging'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 Emerging.
| 11/23/2023 |
| 05/21/2024 |
If you would invest 0.00 in Delaware Emerging on November 23, 2023 and sell it all today you would earn a total of 0.00 from holding Delaware Emerging Markets or generate 0.0% return on investment in Delaware Emerging over 180 days. Delaware Emerging is related to or competes with Vanguard Emerging, New World, HUMANA, Barloworld, Morningstar Unconstrained, Thrivent High, and High-yield Municipal. The fund invests primarily in a broad range of equity securities of companies located in emerging market countries More
Delaware Emerging 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 Emerging'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 Emerging Markets upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.03 | |||
| Information Ratio | 0.0957 | |||
| Maximum Drawdown | 5.55 | |||
| Value At Risk | (1.72) | |||
| Potential Upside | 2.17 |
Delaware Emerging Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Delaware Emerging's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Delaware Emerging's standard deviation. In reality, there are many statistical measures that can use Delaware Emerging historical prices to predict the future Delaware Emerging's volatility.| Risk Adjusted Performance | 0.101 | |||
| Jensen Alpha | 0.1566 | |||
| Total Risk Alpha | 0.0434 | |||
| Sortino Ratio | 0.1001 | |||
| Treynor Ratio | 0.8003 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Delaware Emerging'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 Emerging Markets Backtested Returns
We consider Delaware Emerging very steady. Delaware Emerging Markets 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 Delaware Emerging Markets, which you can use to evaluate the volatility of the entity. Please confirm Delaware Emerging's Mean Deviation of 0.8396, downside deviation of 1.03, and Coefficient Of Variation of 595.06 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 0.21, which means not very significant fluctuations relative to the market. As returns on the market increase, Delaware Emerging's returns are expected to increase less than the market. However, during the bear market, the loss of holding Delaware Emerging is expected to be smaller as well.
Auto-correlation | 0.55 |
Modest predictability
Delaware Emerging Markets has modest predictability. Overlapping area represents the amount of predictability between Delaware Emerging time series from 23rd of November 2023 to 21st of February 2024 and 21st of February 2024 to 21st of May 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 Emerging Markets price movement. The serial correlation of 0.55 indicates that about 55.0% of current Delaware Emerging price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
Delaware Emerging Markets lagged returns against current returns
Autocorrelation, which is Delaware Emerging 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 Emerging's mutual fund expected returns. We can calculate the autocorrelation of Delaware Emerging returns to help us make a trade decision. For example, suppose you find that Delaware Emerging 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 Emerging 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 Emerging mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Delaware Emerging 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 Emerging mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Delaware Emerging Lagged Returns
When evaluating Delaware Emerging's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Delaware Emerging mutual fund have on its future price. Delaware Emerging 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 Emerging autocorrelation shows the relationship between Delaware Emerging mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Delaware Emerging Markets.
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.Check out Delaware Emerging Correlation, Delaware Emerging Volatility and Delaware Emerging Alpha and Beta module to complement your research on Delaware Emerging. Note that the Delaware Emerging Markets information on this page should be used as a complementary analysis to other Delaware Emerging'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 Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Delaware Emerging 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.