DRLimited (China) Market Value
| 301177 Stock | 25.30 1.20 4.98% |
| Symbol | DRLimited |
DRLimited '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 DRLimited'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 DRLimited.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in DRLimited on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding DR Limited or generate 0.0% return on investment in DRLimited over 30 days. DRLimited is related to or competes with Cultural Investment, Gome Telecom, Bus Online, Holitech Technology, and Zotye Automobile. DRLimited is entity of China. It is traded as Stock on SHE exchange. More
DRLimited 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 DRLimited'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 DR Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.81 | |||
| Information Ratio | 0.1223 | |||
| Maximum Drawdown | 23.31 | |||
| Value At Risk | (3.64) | |||
| Potential Upside | 6.17 |
DRLimited Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DRLimited's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DRLimited's standard deviation. In reality, there are many statistical measures that can use DRLimited historical prices to predict the future DRLimited's volatility.| Risk Adjusted Performance | 0.1313 | |||
| Jensen Alpha | 0.545 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.1527 | |||
| Treynor Ratio | 5.75 |
DR Limited Backtested Returns
DRLimited appears to be not too volatile, given 3 months investment horizon. DR Limited retains Efficiency (Sharpe Ratio) of 0.16, which denotes the company had a 0.16% return per unit of price deviation over the last 3 months. By examining DRLimited's technical indicators, you can evaluate if the expected return of 0.58% is justified by implied risk. Please utilize DRLimited's Standard Deviation of 3.51, downside deviation of 2.81, and Market Risk Adjusted Performance of 5.76 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, DRLimited holds a performance score of 12. The firm owns a Beta (Systematic Risk) of 0.097, which means not very significant fluctuations relative to the market. As returns on the market increase, DRLimited's returns are expected to increase less than the market. However, during the bear market, the loss of holding DRLimited is expected to be smaller as well. Please check DRLimited's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether DRLimited's current price history will revert.
Auto-correlation | 0.56 |
Modest predictability
DR Limited has modest predictability. Overlapping area represents the amount of predictability between DRLimited time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 DR Limited price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current DRLimited price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 1.11 |
DR Limited lagged returns against current returns
Autocorrelation, which is DRLimited 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 DRLimited's stock expected returns. We can calculate the autocorrelation of DRLimited returns to help us make a trade decision. For example, suppose you find that DRLimited 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 |
DRLimited 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 DRLimited stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DRLimited stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DRLimited stock over time.
Current vs Lagged Prices |
| Timeline |
DRLimited Lagged Returns
When evaluating DRLimited's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DRLimited stock have on its future price. DRLimited 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, DRLimited autocorrelation shows the relationship between DRLimited stock current value and its past values and can show if there is a momentum factor associated with investing in DR Limited.
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 DRLimited Stock
DRLimited financial ratios help investors to determine whether DRLimited Stock 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 DRLimited with respect to the benefits of owning DRLimited security.