Diguang Intl Dev Stock Market Value
| DGNG Stock | USD 0.0009 0.00 0.00% |
| Symbol | Diguang |
Diguang Intl '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 Diguang Intl's pink sheet 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 Diguang Intl.
| 10/26/2024 |
| 01/24/2025 |
If you would invest 0.00 in Diguang Intl on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Diguang Intl Dev or generate 0.0% return on investment in Diguang Intl over 90 days. Diguang Intl is related to or competes with Universal Music, Alvotech, Mitsubishi UFJ, Golden Energy, Jutal Offshore, and Amgen. Diguang International Development Co., Ltd More
Diguang Intl 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 Diguang Intl's pink sheet 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 Diguang Intl Dev upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 87.84 |
Diguang Intl Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Diguang Intl's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Diguang Intl's standard deviation. In reality, there are many statistical measures that can use Diguang Intl historical prices to predict the future Diguang Intl's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (1.53) | |||
| Total Risk Alpha | (1.90) | |||
| Treynor Ratio | (0.44) |
Diguang Intl Dev Backtested Returns
Diguang Intl Dev secures Sharpe Ratio (or Efficiency) of -0.13, which denotes the company had a -0.13 % return per unit of risk over the last 3 months. Diguang Intl Dev exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Diguang Intl's Mean Deviation of 2.74, standard deviation of 11.07, and Variance of 122.47 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 3.18, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Diguang Intl will likely underperform. At this point, Diguang Intl Dev has a negative expected return of -1.39%. Please make sure to confirm Diguang Intl's mean deviation, information ratio, as well as the relationship between the Information Ratio and kurtosis , to decide if Diguang Intl Dev performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Diguang Intl Dev has no correlation between past and present. Overlapping area represents the amount of predictability between Diguang Intl time series from 26th of October 2024 to 10th of December 2024 and 10th of December 2024 to 24th 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 Diguang Intl Dev price movement. The serial correlation of 0.0 indicates that just 0.0% of current Diguang Intl price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Diguang Intl Dev lagged returns against current returns
Autocorrelation, which is Diguang Intl pink sheet'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 Diguang Intl's pink sheet expected returns. We can calculate the autocorrelation of Diguang Intl returns to help us make a trade decision. For example, suppose you find that Diguang Intl has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Diguang Intl 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 Diguang Intl pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Diguang Intl pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Diguang Intl pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Diguang Intl Lagged Returns
When evaluating Diguang Intl's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Diguang Intl pink sheet have on its future price. Diguang Intl 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, Diguang Intl autocorrelation shows the relationship between Diguang Intl pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Diguang Intl Dev.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Diguang Pink Sheet
Diguang Intl financial ratios help investors to determine whether Diguang Pink Sheet 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 Diguang with respect to the benefits of owning Diguang Intl security.