Deutsche Munications Fund Market Value
| TISHX Fund | USD 31.79 0.51 1.58% |
| Symbol | Deutsche |
Deutsche Communications '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 Communications' 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 Communications.
| 03/17/2024 |
| 04/16/2024 |
If you would invest 0.00 in Deutsche Communications on March 17, 2024 and sell it all today you would earn a total of 0.00 from holding Deutsche Munications Fund or generate 0.0% return on investment in Deutsche Communications over 30 days. Deutsche Communications is related to or competes with Deutsche Gnma, Deutsche Short-term, Deutsche Short-term, Deutsche Science, Deutsche Science, Deutsche Science, and Deutsche Science. The fund invests at least 80 percent of net assets, plus the amount of any borrowings for investment purposes , in secur... More
Deutsche Communications 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 Communications' 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 Munications Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.962 | |||
| Information Ratio | 0.1191 | |||
| Maximum Drawdown | 5.44 | |||
| Value At Risk | (1.39) | |||
| Potential Upside | 1.54 |
Deutsche Communications Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Deutsche Communications' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Deutsche Communications' standard deviation. In reality, there are many statistical measures that can use Deutsche Communications historical prices to predict the future Deutsche Communications' volatility.| Risk Adjusted Performance | 0.1168 | |||
| Jensen Alpha | 0.1824 | |||
| Total Risk Alpha | 0.0888 | |||
| Sortino Ratio | 0.1274 | |||
| Treynor Ratio | (1.30) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Deutsche Communications' 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 Communications Backtested Returns
We consider Deutsche Communications very steady. Deutsche Communications secures Sharpe Ratio (or Efficiency) of 0.18, which denotes the fund had a 0.18% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Deutsche Munications Fund, which you can use to evaluate the volatility of the entity. Please confirm Deutsche Communications' Coefficient Of Variation of 555.42, mean deviation of 0.7762, and Downside Deviation of 0.962 to check if the risk estimate we provide is consistent with the expected return of 0.19%. The fund shows a Beta (market volatility) of -0.14, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Deutsche Communications are expected to decrease at a much lower rate. During the bear market, Deutsche Communications is likely to outperform the market.
Auto-correlation | 0.34 |
Below average predictability
Deutsche Munications Fund has below average predictability. Overlapping area represents the amount of predictability between Deutsche Communications time series from 17th of March 2024 to 1st of April 2024 and 1st of April 2024 to 16th 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 Communications price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Deutsche Communications price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Deutsche Communications lagged returns against current returns
Autocorrelation, which is Deutsche Communications 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 Communications' mutual fund expected returns. We can calculate the autocorrelation of Deutsche Communications returns to help us make a trade decision. For example, suppose you find that Deutsche Communications 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 Communications 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 Communications mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Deutsche Communications 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 Communications mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Deutsche Communications Lagged Returns
When evaluating Deutsche Communications' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Deutsche Communications mutual fund have on its future price. Deutsche Communications 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 Communications autocorrelation shows the relationship between Deutsche Communications mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Deutsche Munications Fund.
Regressed Prices |
| Timeline |
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Check out Deutsche Communications Correlation, Deutsche Communications Volatility and Deutsche Communications Alpha and Beta module to complement your research on Deutsche Communications. Note that the Deutsche Communications information on this page should be used as a complementary analysis to other Deutsche Communications' 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 Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Deutsche Communications 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.