DCVY34 (Brazil) Market Value
| DCVY34 Stock | BRL 64.16 0.87 1.34% |
| Symbol | DCVY34 |
DCVY34 '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 DCVY34'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 DCVY34.
| 11/23/2024 |
| 12/23/2024 |
If you would invest 0.00 in DCVY34 on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding DCVY34 or generate 0.0% return on investment in DCVY34 over 30 days. DCVY34 is related to or competes with Teladoc Health, Zoom Video, Ameriprise Financial, Bank of America, Delta Air, Lloyds Banking, and Apartment Investment. Discovery, Inc., a media company, provides content across various distribution platforms in approximately 50 languages w... More
DCVY34 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 DCVY34'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 DCVY34 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.3 | |||
| Information Ratio | 0.1454 | |||
| Maximum Drawdown | 19.79 | |||
| Value At Risk | (3.57) | |||
| Potential Upside | 8.03 |
DCVY34 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DCVY34's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DCVY34's standard deviation. In reality, there are many statistical measures that can use DCVY34 historical prices to predict the future DCVY34's volatility.| Risk Adjusted Performance | 0.1302 | |||
| Jensen Alpha | 0.5325 | |||
| Total Risk Alpha | 0.4354 | |||
| Sortino Ratio | 0.2229 | |||
| Treynor Ratio | 8.24 |
DCVY34 Backtested Returns
DCVY34 appears to be very steady, given 3 months investment horizon. DCVY34 secures Sharpe Ratio (or Efficiency) of 0.18, which denotes the company had a 0.18% return per unit of volatility over the last 3 months. By examining DCVY34's technical indicators, you can evaluate if the expected return of 0.64% is justified by implied risk. Please utilize DCVY34's Market Risk Adjusted Performance of 8.25, downside deviation of 2.3, and Mean Deviation of 2.32 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, DCVY34 holds a performance score of 14. The firm shows a Beta (market volatility) of 0.0648, which means not very significant fluctuations relative to the market. As returns on the market increase, DCVY34's returns are expected to increase less than the market. However, during the bear market, the loss of holding DCVY34 is expected to be smaller as well. Please check DCVY34's treynor ratio, downside variance, kurtosis, as well as the relationship between the value at risk and expected short fall , to make a quick decision on whether DCVY34's price patterns will revert.
Auto-correlation | -0.06 |
Very weak reverse predictability
DCVY34 has very weak reverse predictability. Overlapping area represents the amount of predictability between DCVY34 time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 2024 to 23rd 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 DCVY34 price movement. The serial correlation of -0.06 indicates that barely 6.0% of current DCVY34 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 13.17 |
DCVY34 lagged returns against current returns
Autocorrelation, which is DCVY34 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 DCVY34's stock expected returns. We can calculate the autocorrelation of DCVY34 returns to help us make a trade decision. For example, suppose you find that DCVY34 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 |
DCVY34 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 DCVY34 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DCVY34 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DCVY34 stock over time.
Current vs Lagged Prices |
| Timeline |
DCVY34 Lagged Returns
When evaluating DCVY34's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DCVY34 stock have on its future price. DCVY34 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, DCVY34 autocorrelation shows the relationship between DCVY34 stock current value and its past values and can show if there is a momentum factor associated with investing in DCVY34.
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.Other Information on Investing in DCVY34 Stock
DCVY34 financial ratios help investors to determine whether DCVY34 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 DCVY34 with respect to the benefits of owning DCVY34 security.