Dataax Fund Market Value
| DATAAX Fund | 10.64 0.02 0.19% |
| Symbol | Dataax |
Please note, there is a significant difference between Dataax's value and its price as these two are different measures arrived at by different means. Investors typically determine if Dataax is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dataax's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Dataax '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 Dataax's 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 Dataax.
| 04/27/2025 |
| 07/26/2025 |
If you would invest 0.00 in Dataax on April 27, 2025 and sell it all today you would earn a total of 0.00 from holding Dataax or generate 0.0% return on investment in Dataax over 90 days. Dataax is related to or competes with Siit Small, Lebenthal Lisanti, Aqr Small, Nuveen Nwq, Glg Intl, and Transamerica International. Dataax is entity of United States. It is traded as Fund on NMFQS exchange. More
Dataax 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 Dataax's 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 Dataax upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.46 | |||
| Information Ratio | 0.2089 | |||
| Maximum Drawdown | 17.23 | |||
| Value At Risk | (1.44) | |||
| Potential Upside | 2.82 |
Dataax Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dataax's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dataax's standard deviation. In reality, there are many statistical measures that can use Dataax historical prices to predict the future Dataax's volatility.| Risk Adjusted Performance | 0.2469 | |||
| Jensen Alpha | 0.5862 | |||
| Total Risk Alpha | 0.0999 | |||
| Sortino Ratio | 0.2968 | |||
| Treynor Ratio | 2.78 |
Dataax Backtested Returns
Dataax appears to be not too volatile, given 3 months investment horizon. Dataax secures Sharpe Ratio (or Efficiency) of 0.4, which denotes the fund had a 0.4 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Dataax, which you can use to evaluate the volatility of the entity. Please utilize Dataax's Downside Deviation of 1.46, coefficient of variation of 322.34, and Mean Deviation of 1.3 to check if our risk estimates are consistent with your expectations. The fund shows a Beta (market volatility) of 0.23, which means not very significant fluctuations relative to the market. As returns on the market increase, Dataax's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dataax is expected to be smaller as well.
Auto-correlation | 0.90 |
Excellent predictability
Dataax has excellent predictability. Overlapping area represents the amount of predictability between Dataax time series from 27th of April 2025 to 11th of June 2025 and 11th of June 2025 to 26th of July 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Dataax price movement. The serial correlation of 0.9 indicates that approximately 90.0% of current Dataax price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.9 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Dataax lagged returns against current returns
Autocorrelation, which is Dataax 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 Dataax's fund expected returns. We can calculate the autocorrelation of Dataax returns to help us make a trade decision. For example, suppose you find that Dataax has exhibited high autocorrelation historically, and you observe that the 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 |
Dataax 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 Dataax fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dataax fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dataax fund over time.
Current vs Lagged Prices |
| Timeline |
Dataax Lagged Returns
When evaluating Dataax's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dataax fund have on its future price. Dataax 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, Dataax autocorrelation shows the relationship between Dataax fund current value and its past values and can show if there is a momentum factor associated with investing in Dataax.
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.Other Information on Investing in Dataax Fund
Dataax financial ratios help investors to determine whether Dataax Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Dataax with respect to the benefits of owning Dataax security.
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