DETALION GAMES (Germany) Market Value
| 9XJ Stock | 0.18 0.01 5.88% |
| Symbol | DETALION |
DETALION GAMES '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 DETALION GAMES'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 DETALION GAMES.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in DETALION GAMES on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding DETALION GAMES SA or generate 0.0% return on investment in DETALION GAMES over 30 days. DETALION GAMES is related to or competes with Molson Coors, Warner Music, Clean Energy, Ultra Clean, Fevertree Drinks, and UNIVERSAL MUSIC. More
DETALION GAMES 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 DETALION GAMES'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 DETALION GAMES SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 22.29 | |||
| Value At Risk | (8.00) | |||
| Potential Upside | 5.88 |
DETALION GAMES Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DETALION GAMES's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DETALION GAMES's standard deviation. In reality, there are many statistical measures that can use DETALION GAMES historical prices to predict the future DETALION GAMES's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.49) | |||
| Total Risk Alpha | (0.60) | |||
| Treynor Ratio | 2.52 |
DETALION GAMES SA Backtested Returns
DETALION GAMES SA secures Sharpe Ratio (or Efficiency) of -0.12, which denotes the company had a -0.12% return per unit of volatility over the last 3 months. DETALION GAMES SA exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm DETALION GAMES's Standard Deviation of 3.87, mean deviation of 2.47, and Market Risk Adjusted Performance of 2.53 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.19, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning DETALION GAMES are expected to decrease at a much lower rate. During the bear market, DETALION GAMES is likely to outperform the market. At this point, DETALION GAMES SA has a negative expected return of -0.48%. Please make sure to confirm DETALION GAMES's total risk alpha, maximum drawdown, skewness, as well as the relationship between the treynor ratio and potential upside , to decide if DETALION GAMES SA performance from the past will be repeated in the future.
Auto-correlation | 0.44 |
Average predictability
DETALION GAMES SA has average predictability. Overlapping area represents the amount of predictability between DETALION GAMES time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 DETALION GAMES SA price movement. The serial correlation of 0.44 indicates that just about 44.0% of current DETALION GAMES price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
DETALION GAMES SA lagged returns against current returns
Autocorrelation, which is DETALION GAMES 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 DETALION GAMES's stock expected returns. We can calculate the autocorrelation of DETALION GAMES returns to help us make a trade decision. For example, suppose you find that DETALION GAMES 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 |
DETALION GAMES 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 DETALION GAMES stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DETALION GAMES stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DETALION GAMES stock over time.
Current vs Lagged Prices |
| Timeline |
DETALION GAMES Lagged Returns
When evaluating DETALION GAMES's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DETALION GAMES stock have on its future price. DETALION GAMES 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, DETALION GAMES autocorrelation shows the relationship between DETALION GAMES stock current value and its past values and can show if there is a momentum factor associated with investing in DETALION GAMES SA.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in DETALION Stock
DETALION GAMES financial ratios help investors to determine whether DETALION 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 DETALION with respect to the benefits of owning DETALION GAMES security.