Dow (Germany) Market Value
| 2OY Stock | EUR 37.42 0.98 2.55% |
| Symbol | Dow |
Dow '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 Dow's stock 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 Dow.
| 04/27/2024 |
| 12/23/2024 |
If you would invest 0.00 in Dow on April 27, 2024 and sell it all today you would earn a total of 0.00 from holding Dow Inc or generate 0.0% return on investment in Dow over 240 days. Dow is related to or competes with Air Liquide, AIR LIQUIDE, Air Products, Shin Etsu, BASF SE, BASF SE, and Dow. Dow Inc. provides various materials science solutions for packaging, infrastructure, mobility, and consumer applications... More
Dow 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 Dow's stock 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 Dow Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 8.51 | |||
| Value At Risk | (2.65) | |||
| Potential Upside | 3.17 |
Dow Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dow's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dow's standard deviation. In reality, there are many statistical measures that can use Dow historical prices to predict the future Dow's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | 1.9 |
Dow Inc Backtested Returns
Dow Inc secures Sharpe Ratio (or Efficiency) of -0.18, which denotes the company had a -0.18% return per unit of risk over the last 3 months. Dow Inc exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Dow's Variance of 2.86, standard deviation of 1.69, and Mean Deviation of 1.29 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.15, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Dow are expected to decrease at a much lower rate. During the bear market, Dow is likely to outperform the market. At this point, Dow Inc has a negative expected return of -0.31%. Please make sure to confirm Dow's maximum drawdown, kurtosis, day median price, as well as the relationship between the potential upside and daily balance of power , to decide if Dow Inc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.62 |
Good predictability
Dow Inc has good predictability. Overlapping area represents the amount of predictability between Dow time series from 27th of April 2024 to 25th of August 2024 and 25th of August 2024 to 23rd 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 Dow Inc price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Dow price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 9.82 |
Dow Inc lagged returns against current returns
Autocorrelation, which is Dow stock'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 Dow's stock expected returns. We can calculate the autocorrelation of Dow returns to help us make a trade decision. For example, suppose you find that Dow has exhibited high autocorrelation historically, and you observe that the stock 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 |
Dow 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 Dow stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dow stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dow stock over time.
Current vs Lagged Prices |
| Timeline |
Dow Lagged Returns
When evaluating Dow's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dow stock have on its future price. Dow 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, Dow autocorrelation shows the relationship between Dow stock current value and its past values and can show if there is a momentum factor associated with investing in Dow Inc.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Dow Stock
When determining whether Dow Inc is a strong investment it is important to analyze Dow's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Dow's future performance. For an informed investment choice regarding Dow Stock, refer to the following important reports:Check out Dow Correlation, Dow Volatility and Dow Alpha and Beta module to complement your research on Dow. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Dow technical stock 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, stock market cycles, or different charting patterns.