Depo Auto's market value is the price at which a share of Depo Auto trades on a public exchange. It measures the collective expectations of Depo Auto Parts investors about its performance. Depo Auto is selling for under 214.50 as of the 1st of January 2025; that is 2.28 percent decrease since the beginning of the trading day. The stock's lowest day price was 214.5. With this module, you can estimate the performance of a buy and hold strategy of Depo Auto Parts and determine expected loss or profit from investing in Depo Auto over a given investment horizon. Check out Depo Auto Correlation, Depo Auto Volatility and Depo Auto Alpha and Beta module to complement your research on Depo Auto.
Please note, there is a significant difference between Depo Auto's value and its price as these two are different measures arrived at by different means. Investors typically determine if Depo Auto is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Depo Auto'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.
Depo Auto '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 Depo Auto'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 Depo Auto.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Depo Auto'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 Depo Auto Parts upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Depo Auto's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Depo Auto's standard deviation. In reality, there are many statistical measures that can use Depo Auto historical prices to predict the future Depo Auto's volatility.
Depo Auto Parts secures Sharpe Ratio (or Efficiency) of -0.2, which denotes the company had a -0.2% return per unit of risk over the last 3 months. Depo Auto Parts exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Depo Auto's Variance of 2.51, mean deviation of 1.23, and Standard Deviation of 1.58 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.038, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Depo Auto are expected to decrease at a much lower rate. During the bear market, Depo Auto is likely to outperform the market. At this point, Depo Auto Parts has a negative expected return of -0.32%. Please make sure to confirm Depo Auto's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Depo Auto Parts performance from the past will be repeated at some point in the near future.
Auto-correlation
0.76
Good predictability
Depo Auto Parts has good predictability. Overlapping area represents the amount of predictability between Depo Auto time series from 12th of January 2023 to 7th of January 2024 and 7th of January 2024 to 1st of January 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 Depo Auto Parts price movement. The serial correlation of 0.76 indicates that around 76.0% of current Depo Auto price fluctuation can be explain by its past prices.
Correlation Coefficient
0.76
Spearman Rank Test
0.69
Residual Average
0.0
Price Variance
1325.65
Depo Auto Parts lagged returns against current returns
Autocorrelation, which is Depo Auto 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 Depo Auto's stock expected returns. We can calculate the autocorrelation of Depo Auto returns to help us make a trade decision. For example, suppose you find that Depo Auto 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
Depo Auto 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 Depo Auto stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Depo Auto stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Depo Auto stock over time.
Current vs Lagged Prices
Timeline
Depo Auto Lagged Returns
When evaluating Depo Auto's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Depo Auto stock have on its future price. Depo Auto 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, Depo Auto autocorrelation shows the relationship between Depo Auto stock current value and its past values and can show if there is a momentum factor associated with investing in Depo Auto Parts.
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.
When running Depo Auto's price analysis, check to measure Depo Auto'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 Depo Auto is operating at the current time. Most of Depo Auto's value examination focuses on studying past and present price action to predict the probability of Depo Auto's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Depo Auto's price. Additionally, you may evaluate how the addition of Depo Auto to your portfolios can decrease your overall portfolio volatility.