Dividend Opportunities Fund Market Value
| DVOIX Fund | USD 12.40 0.05 0.40% |
| Symbol | Dividend |
Dividend Opportunities '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 Dividend Opportunities' 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 Dividend Opportunities.
| 03/12/2024 |
| 05/11/2024 |
If you would invest 0.00 in Dividend Opportunities on March 12, 2024 and sell it all today you would earn a total of 0.00 from holding Dividend Opportunities Fund or generate 0.0% return on investment in Dividend Opportunities over 60 days. Dividend Opportunities is related to or competes with Vanguard Wellesley, The Hartford, and The Hartford. The fund invests primarily in common and preferred stocks, as well as fixed income securities More
Dividend Opportunities 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 Dividend Opportunities' 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 Dividend Opportunities Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5537 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 2.59 | |||
| Value At Risk | (0.99) | |||
| Potential Upside | 0.7469 |
Dividend Opportunities Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dividend Opportunities' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dividend Opportunities' standard deviation. In reality, there are many statistical measures that can use Dividend Opportunities historical prices to predict the future Dividend Opportunities' volatility.| Risk Adjusted Performance | 0.0607 | |||
| Jensen Alpha | 0.0343 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.3895 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dividend Opportunities' 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.
Dividend Opportunities Backtested Returns
We consider Dividend Opportunities very steady. Dividend Opportunities secures Sharpe Ratio (or Efficiency) of 0.0817, which denotes the fund had a 0.0817% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Dividend Opportunities Fund, which you can use to evaluate the volatility of the entity. Please confirm Dividend Opportunities' Coefficient Of Variation of 984.81, mean deviation of 0.3958, and Downside Deviation of 0.5537 to check if the risk estimate we provide is consistent with the expected return of 0.0429%. The fund shows a Beta (market volatility) of 0.11, which means not very significant fluctuations relative to the market. As returns on the market increase, Dividend Opportunities' returns are expected to increase less than the market. However, during the bear market, the loss of holding Dividend Opportunities is expected to be smaller as well.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Dividend Opportunities Fund has insignificant reverse predictability. Overlapping area represents the amount of predictability between Dividend Opportunities time series from 12th of March 2024 to 11th of April 2024 and 11th of April 2024 to 11th 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 Dividend Opportunities price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Dividend Opportunities price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Dividend Opportunities lagged returns against current returns
Autocorrelation, which is Dividend Opportunities 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 Dividend Opportunities' mutual fund expected returns. We can calculate the autocorrelation of Dividend Opportunities returns to help us make a trade decision. For example, suppose you find that Dividend Opportunities 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 |
Dividend Opportunities 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 Dividend Opportunities mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dividend Opportunities mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dividend Opportunities mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Dividend Opportunities Lagged Returns
When evaluating Dividend Opportunities' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dividend Opportunities mutual fund have on its future price. Dividend Opportunities 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, Dividend Opportunities autocorrelation shows the relationship between Dividend Opportunities mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Dividend Opportunities Fund.
Regressed Prices |
| Timeline |
Pair Trading with Dividend Opportunities
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 Dividend Opportunities 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 Dividend Opportunities will appreciate offsetting losses from the drop in the long position's value.Moving together with Dividend Mutual Fund
| 0.97 | SRUAX | Spectrum Fund Adviser | PairCorr |
| 0.97 | SRUIX | Spectrum Fund Instit | PairCorr |
| 0.97 | QNTAX | Quantex Fund Adviser | PairCorr |
| 0.97 | QNTIX | Quantex Fund Institu | PairCorr |
| 0.98 | IFAAX | Infrastructure Fund | PairCorr |
The ability to find closely correlated positions to Dividend Opportunities could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dividend Opportunities 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 Dividend Opportunities - 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 Dividend Opportunities Fund to buy it.
The correlation of Dividend Opportunities 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 Dividend Opportunities moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dividend Opportunities 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 Dividend Opportunities 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 Dividend Opportunities Correlation, Dividend Opportunities Volatility and Dividend Opportunities Alpha and Beta module to complement your research on Dividend Opportunities. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Dividend Opportunities 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.