Deutsche Gold Precious Fund Market Value
| SGDIX Fund | USD 55.12 1.35 2.39% |
| Symbol | Deutsche |
Deutsche Gold '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 Gold'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 Gold.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Deutsche Gold on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Deutsche Gold Precious or generate 0.0% return on investment in Deutsche Gold over 30 days. Deutsche Gold is related to or competes with Metropolitan West, Ab High, Artisan High, Lgm Risk, Pace High, and Calvert High. The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80 percent of its ... More
Deutsche Gold 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 Gold'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 Gold Precious upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 8.33 | |||
| Value At Risk | (2.58) | |||
| Potential Upside | 2.66 |
Deutsche Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Deutsche Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Deutsche Gold's standard deviation. In reality, there are many statistical measures that can use Deutsche Gold historical prices to predict the future Deutsche Gold's volatility.| Risk Adjusted Performance | 5.0E-4 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | 0.1693 |
Deutsche Gold Precious Backtested Returns
Deutsche Gold Precious secures Sharpe Ratio (or Efficiency) of -0.0322, which denotes the fund had a -0.0322% return per unit of risk over the last 3 months. Deutsche Gold Precious exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Deutsche Gold's Standard Deviation of 1.71, variance of 2.91, and Mean Deviation of 1.33 to check the risk estimate we provide. The fund shows a Beta (market volatility) of -0.13, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Deutsche Gold are expected to decrease at a much lower rate. During the bear market, Deutsche Gold is likely to outperform the market.
Auto-correlation | 0.30 |
Below average predictability
Deutsche Gold Precious has below average predictability. Overlapping area represents the amount of predictability between Deutsche Gold time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th of December 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 Gold Precious price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Deutsche Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.84 |
Deutsche Gold Precious lagged returns against current returns
Autocorrelation, which is Deutsche Gold 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 Gold's mutual fund expected returns. We can calculate the autocorrelation of Deutsche Gold returns to help us make a trade decision. For example, suppose you find that Deutsche Gold 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 Gold 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 Gold mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Deutsche Gold 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 Gold mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Deutsche Gold Lagged Returns
When evaluating Deutsche Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Deutsche Gold mutual fund have on its future price. Deutsche Gold 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 Gold autocorrelation shows the relationship between Deutsche Gold mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Deutsche Gold Precious.
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 Deutsche Mutual Fund
Deutsche Gold financial ratios help investors to determine whether Deutsche Mutual 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 Deutsche with respect to the benefits of owning Deutsche Gold security.
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