DONGJIANG ENVIRONMENTAL (Germany) Market Value
| DGN Stock | EUR 0.20 0.01 5.26% |
| Symbol | DONGJIANG |
Please note, there is a significant difference between DONGJIANG ENVIRONMENTAL's value and its price as these two are different measures arrived at by different means. Investors typically determine if DONGJIANG ENVIRONMENTAL is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DONGJIANG ENVIRONMENTAL'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.
DONGJIANG ENVIRONMENTAL '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 DONGJIANG ENVIRONMENTAL'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 DONGJIANG ENVIRONMENTAL.
| 12/09/2024 |
| 01/08/2025 |
If you would invest 0.00 in DONGJIANG ENVIRONMENTAL on December 9, 2024 and sell it all today you would earn a total of 0.00 from holding DONGJIANG ENVIRONMENTAL H or generate 0.0% return on investment in DONGJIANG ENVIRONMENTAL over 30 days. DONGJIANG ENVIRONMENTAL is related to or competes with Performance Food, Flowers Foods, Lifeway Foods, Cal Maine, Carsales, SENECA FOODS-A, and Trade Desk. More
DONGJIANG ENVIRONMENTAL 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 DONGJIANG ENVIRONMENTAL'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 DONGJIANG ENVIRONMENTAL H upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 23.04 | |||
| Value At Risk | (7.69) | |||
| Potential Upside | 12.0 |
DONGJIANG ENVIRONMENTAL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DONGJIANG ENVIRONMENTAL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DONGJIANG ENVIRONMENTAL's standard deviation. In reality, there are many statistical measures that can use DONGJIANG ENVIRONMENTAL historical prices to predict the future DONGJIANG ENVIRONMENTAL's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | 0.2127 |
DONGJIANG ENVIRONMENTAL Backtested Returns
DONGJIANG ENVIRONMENTAL secures Sharpe Ratio (or Efficiency) of -0.0257, which denotes the company had a -0.0257% return per unit of risk over the last 3 months. DONGJIANG ENVIRONMENTAL H exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm DONGJIANG ENVIRONMENTAL's Mean Deviation of 3.52, coefficient of variation of (3,889), and Standard Deviation of 4.99 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.65, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning DONGJIANG ENVIRONMENTAL are expected to decrease at a much lower rate. During the bear market, DONGJIANG ENVIRONMENTAL is likely to outperform the market. At this point, DONGJIANG ENVIRONMENTAL has a negative expected return of -0.13%. Please make sure to confirm DONGJIANG ENVIRONMENTAL's information ratio, total risk alpha, potential upside, as well as the relationship between the jensen alpha and treynor ratio , to decide if DONGJIANG ENVIRONMENTAL performance from the past will be repeated at future time.
Auto-correlation | 0.17 |
Very weak predictability
DONGJIANG ENVIRONMENTAL H has very weak predictability. Overlapping area represents the amount of predictability between DONGJIANG ENVIRONMENTAL time series from 9th of December 2024 to 24th of December 2024 and 24th of December 2024 to 8th 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 DONGJIANG ENVIRONMENTAL price movement. The serial correlation of 0.17 indicates that over 17.0% of current DONGJIANG ENVIRONMENTAL price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
DONGJIANG ENVIRONMENTAL lagged returns against current returns
Autocorrelation, which is DONGJIANG ENVIRONMENTAL 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 DONGJIANG ENVIRONMENTAL's stock expected returns. We can calculate the autocorrelation of DONGJIANG ENVIRONMENTAL returns to help us make a trade decision. For example, suppose you find that DONGJIANG ENVIRONMENTAL 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 |
DONGJIANG ENVIRONMENTAL 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 DONGJIANG ENVIRONMENTAL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DONGJIANG ENVIRONMENTAL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DONGJIANG ENVIRONMENTAL stock over time.
Current vs Lagged Prices |
| Timeline |
DONGJIANG ENVIRONMENTAL Lagged Returns
When evaluating DONGJIANG ENVIRONMENTAL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DONGJIANG ENVIRONMENTAL stock have on its future price. DONGJIANG ENVIRONMENTAL 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, DONGJIANG ENVIRONMENTAL autocorrelation shows the relationship between DONGJIANG ENVIRONMENTAL stock current value and its past values and can show if there is a momentum factor associated with investing in DONGJIANG ENVIRONMENTAL H.
Regressed Prices |
| Timeline |
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Other Information on Investing in DONGJIANG Stock
DONGJIANG ENVIRONMENTAL financial ratios help investors to determine whether DONGJIANG 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 DONGJIANG with respect to the benefits of owning DONGJIANG ENVIRONMENTAL security.