Discover Financial (Brazil) Market Value
| D1FS34 Stock | BRL 560.00 2.10 0.37% |
| Symbol | Discover |
Discover Financial '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 Discover Financial'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 Discover Financial.
| 10/21/2024 |
| 01/19/2025 |
If you would invest 0.00 in Discover Financial on October 21, 2024 and sell it all today you would earn a total of 0.00 from holding Discover Financial Services or generate 0.0% return on investment in Discover Financial over 90 days. Discover Financial is related to or competes with Medical Properties, TAL Education, Raytheon Technologies, British American, DXC Technology, and Paycom Software. Discover Financial Services, through its subsidiaries, operates as a digital banking and payment services company in the... More
Discover Financial 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 Discover Financial'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 Discover Financial Services upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1572 | |||
| Maximum Drawdown | 24.53 | |||
| Potential Upside | 0.355 |
Discover Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Discover Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Discover Financial's standard deviation. In reality, there are many statistical measures that can use Discover Financial historical prices to predict the future Discover Financial's volatility.| Risk Adjusted Performance | 0.1465 | |||
| Jensen Alpha | 0.5253 | |||
| Total Risk Alpha | 0.4519 | |||
| Treynor Ratio | 3.77 |
Discover Financial Backtested Returns
Discover Financial appears to be very steady, given 3 months investment horizon. Discover Financial secures Sharpe Ratio (or Efficiency) of 0.17, which denotes the company had a 0.17 % return per unit of risk over the last 3 months. By reviewing Discover Financial's technical indicators, you can evaluate if the expected return of 0.54% is justified by implied risk. Please utilize Discover Financial's Standard Deviation of 3.23, mean deviation of 1.02, and Variance of 10.46 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Discover Financial holds a performance score of 13. The firm shows a Beta (market volatility) of 0.14, which means not very significant fluctuations relative to the market. As returns on the market increase, Discover Financial's returns are expected to increase less than the market. However, during the bear market, the loss of holding Discover Financial is expected to be smaller as well. Please check Discover Financial's total risk alpha, skewness, daily balance of power, as well as the relationship between the treynor ratio and kurtosis , to make a quick decision on whether Discover Financial's price patterns will revert.
Auto-correlation | 0.83 |
Very good predictability
Discover Financial Services has very good predictability. Overlapping area represents the amount of predictability between Discover Financial time series from 21st of October 2024 to 5th of December 2024 and 5th of December 2024 to 19th 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 Discover Financial price movement. The serial correlation of 0.83 indicates that around 83.0% of current Discover Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 3000.58 |
Discover Financial lagged returns against current returns
Autocorrelation, which is Discover Financial 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 Discover Financial's stock expected returns. We can calculate the autocorrelation of Discover Financial returns to help us make a trade decision. For example, suppose you find that Discover Financial 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 |
Discover Financial 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 Discover Financial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Discover Financial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Discover Financial stock over time.
Current vs Lagged Prices |
| Timeline |
Discover Financial Lagged Returns
When evaluating Discover Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Discover Financial stock have on its future price. Discover Financial 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, Discover Financial autocorrelation shows the relationship between Discover Financial stock current value and its past values and can show if there is a momentum factor associated with investing in Discover Financial Services.
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.Additional Information and Resources on Investing in Discover Stock
When determining whether Discover Financial is a strong investment it is important to analyze Discover Financial'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 Discover Financial's future performance. For an informed investment choice regarding Discover Stock, refer to the following important reports:Check out Discover Financial Correlation, Discover Financial Volatility and Discover Financial Alpha and Beta module to complement your research on Discover Financial. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Discover Financial 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.