Doman Building Materials Stock Price on August 15, 2024
If you're considering investing in Doman Stock, it is important to understand the factors that can impact its price. Doman Building appears to be not too volatile, given 3 months investment horizon. Doman Building Materials secures Sharpe Ratio (or Efficiency) of 0.17, which denotes the company had a 0.17% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Doman Building Materials, which you can use to evaluate the volatility of the firm. Please utilize Doman Building's Coefficient Of Variation of 580.86, mean deviation of 1.31, and Downside Deviation of 1.24 to check if our risk estimates are consistent with your expectations.
Doman Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Doman |
Sharpe Ratio = 0.1722
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Estimated Market Risk
| 2.0 actual daily | 17 83% of assets are more volatile |
Expected Return
| 0.34 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average Doman Building is performing at about 13% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Doman Building by adding it to a well-diversified portfolio.
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.
Price Boundaries
Doman Building Period Price Range
Low | December 14, 2024
| High |
0.00 | 0.00 |
Doman Building Materials cannot be verified against its exchange. Please verify the symbol is currently traded on Toronto Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Doman Building December 14, 2024 Market Strength
Market strength indicators help investors to evaluate how Doman Building stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Doman Building shares will generate the highest return on investment. By undertsting and applying Doman Building stock market strength indicators, traders can identify Doman Building Materials entry and exit signals to maximize returns
Doman Building Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Doman Building's price direction in advance. Along with the technical and fundamental analysis of Doman Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Doman to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1312 | |||
| Jensen Alpha | 0.3381 | |||
| Total Risk Alpha | 0.0857 | |||
| Sortino Ratio | 0.1974 | |||
| Treynor Ratio | (7.63) |
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Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Other Tools for Doman Stock
When running Doman Building's price analysis, check to measure Doman Building's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Doman Building is operating at the current time. Most of Doman Building's value examination focuses on studying past and present price action to predict the probability of Doman Building's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Doman Building's price. Additionally, you may evaluate how the addition of Doman Building to your portfolios can decrease your overall portfolio volatility.
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