Delaware Healthcare Fund Market Value
| DLHIX Fund | USD 26.98 0.04 0.15% |
| Symbol | Delaware |
Delaware Healthcare '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 Healthcare'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 Healthcare.
| 02/02/2024 |
| 05/02/2024 |
If you would invest 0.00 in Delaware Healthcare on February 2, 2024 and sell it all today you would earn a total of 0.00 from holding Delaware Healthcare Fund or generate 0.0% return on investment in Delaware Healthcare over 90 days. Delaware Healthcare is related to or competes with Eaton Vance, Barloworld, Morningstar Unconstrained, High Yield, Thrivent High, Via Renewables, and T Rowe. Under normal circumstances, the fund will invest at least 80 percent of its assets, plus the amount of any borrowings fo... More
Delaware Healthcare 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 Healthcare'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 Healthcare Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8284 | |||
| Information Ratio | (0.0006) | |||
| Maximum Drawdown | 3.84 | |||
| Value At Risk | (1.34) | |||
| Potential Upside | 1.38 |
Delaware Healthcare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Delaware Healthcare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Delaware Healthcare's standard deviation. In reality, there are many statistical measures that can use Delaware Healthcare historical prices to predict the future Delaware Healthcare's volatility.| Risk Adjusted Performance | 0.0474 | |||
| Jensen Alpha | 0.0049 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.0006) | |||
| Treynor Ratio | 0.0549 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Delaware Healthcare'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 Healthcare Backtested Returns
We consider Delaware Healthcare very steady. Delaware Healthcare secures Sharpe Ratio (or Efficiency) of 0.0768, which denotes the fund had a 0.0768% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Delaware Healthcare Fund, which you can use to evaluate the volatility of the entity. Please confirm Delaware Healthcare's Coefficient Of Variation of 1424.3, mean deviation of 0.6677, and Downside Deviation of 0.8284 to check if the risk estimate we provide is consistent with the expected return of 0.0645%. The fund shows a Beta (market volatility) of 0.89, which means possible diversification benefits within a given portfolio. Delaware Healthcare returns are very sensitive to returns on the market. As the market goes up or down, Delaware Healthcare is expected to follow.
Auto-correlation | -0.78 |
Almost perfect reverse predictability
Delaware Healthcare Fund has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Delaware Healthcare time series from 2nd of February 2024 to 18th of March 2024 and 18th of March 2024 to 2nd 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 Healthcare price movement. The serial correlation of -0.78 indicates that around 78.0% of current Delaware Healthcare price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.78 | |
| Spearman Rank Test | -0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.3 |
Delaware Healthcare lagged returns against current returns
Autocorrelation, which is Delaware Healthcare 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 Healthcare's mutual fund expected returns. We can calculate the autocorrelation of Delaware Healthcare returns to help us make a trade decision. For example, suppose you find that Delaware Healthcare 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 Healthcare 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 Healthcare mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Delaware Healthcare 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 Healthcare mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Delaware Healthcare Lagged Returns
When evaluating Delaware Healthcare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Delaware Healthcare mutual fund have on its future price. Delaware Healthcare 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 Healthcare autocorrelation shows the relationship between Delaware Healthcare mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Delaware Healthcare Fund.
Regressed Prices |
| Timeline |
Pair Trading with Delaware Healthcare
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 Healthcare 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 Healthcare will appreciate offsetting losses from the drop in the long position's value.Moving together with Delaware Mutual Fund
| 0.91 | OASGX | Optimum Small Mid | PairCorr |
| 0.63 | OASVX | Optimum Small Mid | PairCorr |
The ability to find closely correlated positions to Delaware Healthcare 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 Healthcare 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 Healthcare - 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 Healthcare Fund to buy it.
The correlation of Delaware Healthcare 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 Healthcare moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Delaware Healthcare 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 Healthcare 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 Healthcare Correlation, Delaware Healthcare Volatility and Delaware Healthcare Alpha and Beta module to complement your research on Delaware Healthcare. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Delaware Healthcare 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.