DNXcorp (France) Market Value
| ALDNX Stock | EUR 16.75 0.20 1.21% |
| Symbol | DNXcorp |
DNXcorp '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 DNXcorp'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 DNXcorp.
| 12/27/2022 |
| 12/16/2024 |
If you would invest 0.00 in DNXcorp on December 27, 2022 and sell it all today you would earn a total of 0.00 from holding DNXcorp or generate 0.0% return on investment in DNXcorp over 720 days. DNXcorp is related to or competes with Vente Unique, Moulinvest, Piscines Desjoyaux, Manitou BF, Ossiam Minimum, Ekinops SA, and Orapi SA. DNXCorp S.E. engages in the development and promotion of Internet-based audience in Luxembourg and internationally More
DNXcorp 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 DNXcorp'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 DNXcorp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 10.9 | |||
| Value At Risk | (2.77) | |||
| Potential Upside | 3.18 |
DNXcorp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DNXcorp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DNXcorp's standard deviation. In reality, there are many statistical measures that can use DNXcorp historical prices to predict the future DNXcorp's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | 16.74 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of DNXcorp's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
DNXcorp Backtested Returns
DNXcorp secures Sharpe Ratio (or Efficiency) of -0.0445, which denotes the company had a -0.0445% return per unit of volatility over the last 3 months. DNXcorp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm DNXcorp's Mean Deviation of 1.45, standard deviation of 2.01, and Market Risk Adjusted Performance of 16.75 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0054, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning DNXcorp are expected to decrease at a much lower rate. During the bear market, DNXcorp is likely to outperform the market. At this point, DNXcorp has a negative expected return of -0.0902%. Please make sure to confirm DNXcorp's maximum drawdown, daily balance of power, as well as the relationship between the Daily Balance Of Power and period momentum indicator , to decide if DNXcorp performance from the past will be repeated at future time.
Auto-correlation | -0.62 |
Very good reverse predictability
DNXcorp has very good reverse predictability. Overlapping area represents the amount of predictability between DNXcorp time series from 27th of December 2022 to 22nd of December 2023 and 22nd of December 2023 to 16th 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 DNXcorp price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current DNXcorp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | -0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 1.54 |
DNXcorp lagged returns against current returns
Autocorrelation, which is DNXcorp 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 DNXcorp's stock expected returns. We can calculate the autocorrelation of DNXcorp returns to help us make a trade decision. For example, suppose you find that DNXcorp 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 |
DNXcorp 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 DNXcorp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DNXcorp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DNXcorp stock over time.
Current vs Lagged Prices |
| Timeline |
DNXcorp Lagged Returns
When evaluating DNXcorp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DNXcorp stock have on its future price. DNXcorp 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, DNXcorp autocorrelation shows the relationship between DNXcorp stock current value and its past values and can show if there is a momentum factor associated with investing in DNXcorp.
Regressed Prices |
| Timeline |
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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.Additional Tools for DNXcorp Stock Analysis
When running DNXcorp's price analysis, check to measure DNXcorp'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 DNXcorp is operating at the current time. Most of DNXcorp's value examination focuses on studying past and present price action to predict the probability of DNXcorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DNXcorp's price. Additionally, you may evaluate how the addition of DNXcorp to your portfolios can decrease your overall portfolio volatility.