Drago Entertainment (Poland) Market Value
| DGE Stock | 22.90 0.10 0.43% |
| Symbol | Drago |
Please note, there is a significant difference between Drago Entertainment's value and its price as these two are different measures arrived at by different means. Investors typically determine if Drago Entertainment is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Drago Entertainment'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.
Drago Entertainment '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 Drago Entertainment'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 Drago Entertainment.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Drago Entertainment on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Drago entertainment SA or generate 0.0% return on investment in Drago Entertainment over 90 days. Drago Entertainment is related to or competes with Movie Games, Echo Investment, Creativeforge Games, Vivid Games, True Games, CI Games, and LSI Software. More
Drago Entertainment 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 Drago Entertainment'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 Drago entertainment SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.25 | |||
| Information Ratio | 0.1171 | |||
| Maximum Drawdown | 9.9 | |||
| Value At Risk | (2.90) | |||
| Potential Upside | 4.48 |
Drago Entertainment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Drago Entertainment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Drago Entertainment's standard deviation. In reality, there are many statistical measures that can use Drago Entertainment historical prices to predict the future Drago Entertainment's volatility.| Risk Adjusted Performance | 0.0665 | |||
| Jensen Alpha | 0.1694 | |||
| Total Risk Alpha | 0.3971 | |||
| Sortino Ratio | 0.1086 | |||
| Treynor Ratio | 0.4374 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Drago Entertainment'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.
Drago entertainment Backtested Returns
Currently, Drago entertainment SA is not too volatile. Drago entertainment secures Sharpe Ratio (or Efficiency) of 0.0884, which denotes the company had a 0.0884 % return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Drago entertainment SA, which you can use to evaluate the volatility of the firm. Please confirm Drago Entertainment's Semi Deviation of 1.8, mean deviation of 1.45, and Downside Deviation of 2.25 to check if the risk estimate we provide is consistent with the expected return of 0.19%. Drago Entertainment has a performance score of 6 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.31, which means possible diversification benefits within a given portfolio. As returns on the market increase, Drago Entertainment's returns are expected to increase less than the market. However, during the bear market, the loss of holding Drago Entertainment is expected to be smaller as well. Drago entertainment right now shows a risk of 2.17%. Please confirm Drago entertainment value at risk, daily balance of power, and the relationship between the total risk alpha and expected short fall , to decide if Drago entertainment will be following its price patterns.
Auto-correlation | 0.24 |
Weak predictability
Drago entertainment SA has weak predictability. Overlapping area represents the amount of predictability between Drago Entertainment time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 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 Drago entertainment price movement. The serial correlation of 0.24 indicates that over 24.0% of current Drago Entertainment price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.61 |
Drago entertainment lagged returns against current returns
Autocorrelation, which is Drago Entertainment 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 Drago Entertainment's stock expected returns. We can calculate the autocorrelation of Drago Entertainment returns to help us make a trade decision. For example, suppose you find that Drago Entertainment 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 |
Drago Entertainment 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 Drago Entertainment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Drago Entertainment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Drago Entertainment stock over time.
Current vs Lagged Prices |
| Timeline |
Drago Entertainment Lagged Returns
When evaluating Drago Entertainment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Drago Entertainment stock have on its future price. Drago Entertainment 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, Drago Entertainment autocorrelation shows the relationship between Drago Entertainment stock current value and its past values and can show if there is a momentum factor associated with investing in Drago entertainment SA.
Regressed Prices |
| Timeline |
Pair Trading with Drago Entertainment
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Drago Entertainment position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Drago Entertainment will appreciate offsetting losses from the drop in the long position's value.Moving together with Drago Stock
| 0.9 | SAN | Banco Santander SA | PairCorr |
| 0.86 | UCG | UniCredit SpA | PairCorr |
| 0.89 | PKN | Polski Koncern Naftowy | PairCorr |
| 0.88 | DNP | Dino Polska SA | PairCorr |
Moving against Drago Stock
The ability to find closely correlated positions to Drago Entertainment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Drago Entertainment when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Drago Entertainment - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Drago entertainment SA to buy it.
The correlation of Drago Entertainment is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Drago Entertainment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Drago entertainment moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Drago Entertainment can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Drago Stock Analysis
When running Drago Entertainment's price analysis, check to measure Drago Entertainment'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 Drago Entertainment is operating at the current time. Most of Drago Entertainment's value examination focuses on studying past and present price action to predict the probability of Drago Entertainment's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Drago Entertainment's price. Additionally, you may evaluate how the addition of Drago Entertainment to your portfolios can decrease your overall portfolio volatility.