Deutsche Strategic High Fund Market Value
| NOTIX Fund | USD 10.59 0.01 0.09% |
| Symbol | Deutsche |
Deutsche Strategic '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 Strategic'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 Strategic.
| 04/11/2024 |
| 05/11/2024 |
If you would invest 0.00 in Deutsche Strategic on April 11, 2024 and sell it all today you would earn a total of 0.00 from holding Deutsche Strategic High or generate 0.0% return on investment in Deutsche Strategic over 30 days. Deutsche Strategic is related to or competes with American High, and American High-income. Under normal circumstances, the fund invests at least 80 percent of net assets in securities issued by municipalities ac... More
Deutsche Strategic 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 Strategic'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 Strategic High upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3278 | |||
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 1.23 | |||
| Value At Risk | (0.38) | |||
| Potential Upside | 0.3784 |
Deutsche Strategic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Deutsche Strategic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Deutsche Strategic's standard deviation. In reality, there are many statistical measures that can use Deutsche Strategic historical prices to predict the future Deutsche Strategic's volatility.| Risk Adjusted Performance | 0.0571 | |||
| Jensen Alpha | 0.0168 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.17) | |||
| Treynor Ratio | (1.76) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Deutsche Strategic'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 Strategic High Backtested Returns
We consider Deutsche Strategic very steady. Deutsche Strategic High secures Sharpe Ratio (or Efficiency) of 0.0988, which denotes the fund had a 0.0988% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Deutsche Strategic High, which you can use to evaluate the volatility of the entity. Please confirm Deutsche Strategic's Downside Deviation of 0.3278, coefficient of variation of 809.59, and Mean Deviation of 0.1458 to check if the risk estimate we provide is consistent with the expected return of 0.0214%. The fund shows a Beta (market volatility) of -0.0092, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Deutsche Strategic are expected to decrease at a much lower rate. During the bear market, Deutsche Strategic is likely to outperform the market.
Auto-correlation | -0.59 |
Good reverse predictability
Deutsche Strategic High has good reverse predictability. Overlapping area represents the amount of predictability between Deutsche Strategic time series from 11th of April 2024 to 26th of April 2024 and 26th 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 Deutsche Strategic High price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current Deutsche Strategic price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.59 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Deutsche Strategic High lagged returns against current returns
Autocorrelation, which is Deutsche Strategic 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 Strategic's mutual fund expected returns. We can calculate the autocorrelation of Deutsche Strategic returns to help us make a trade decision. For example, suppose you find that Deutsche Strategic 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 Strategic 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 Strategic mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Deutsche Strategic 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 Strategic mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Deutsche Strategic Lagged Returns
When evaluating Deutsche Strategic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Deutsche Strategic mutual fund have on its future price. Deutsche Strategic 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 Strategic autocorrelation shows the relationship between Deutsche Strategic mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Deutsche Strategic High.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Deutsche Strategic Correlation, Deutsche Strategic Volatility and Deutsche Strategic Alpha and Beta module to complement your research on Deutsche Strategic. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Deutsche Strategic 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.