Danaher (Brazil) Market Value
| DHER34 Stock | BRL 42.37 0.87 2.01% |
| Symbol | Danaher |
Danaher '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 Danaher'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 Danaher.
| 01/30/2025 |
| 03/01/2025 |
If you would invest 0.00 in Danaher on January 30, 2025 and sell it all today you would earn a total of 0.00 from holding Danaher or generate 0.0% return on investment in Danaher over 30 days. Danaher is related to or competes with HDFC Bank, Credit Acceptance, Jefferies Financial, Verizon Communications, and METISA Metalrgica. Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and se... More
Danaher 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 Danaher'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 Danaher upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 9.19 | |||
| Value At Risk | (4.00) | |||
| Potential Upside | 2.6 |
Danaher Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Danaher's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Danaher's standard deviation. In reality, there are many statistical measures that can use Danaher historical prices to predict the future Danaher's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | 0.5398 |
Danaher Backtested Returns
Danaher 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. Danaher exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Danaher's Mean Deviation of 1.47, standard deviation of 1.92, and Variance of 3.7 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.4, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Danaher are expected to decrease at a much lower rate. During the bear market, Danaher is likely to outperform the market. At this point, Danaher has a negative expected return of -0.33%. Please make sure to confirm Danaher's information ratio, total risk alpha, potential upside, as well as the relationship between the jensen alpha and treynor ratio , to decide if Danaher performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.7 |
Very good reverse predictability
Danaher has very good reverse predictability. Overlapping area represents the amount of predictability between Danaher time series from 30th of January 2025 to 14th of February 2025 and 14th of February 2025 to 1st 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 Danaher price movement. The serial correlation of -0.7 indicates that around 70.0% of current Danaher price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.47 |
Danaher lagged returns against current returns
Autocorrelation, which is Danaher 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 Danaher's stock expected returns. We can calculate the autocorrelation of Danaher returns to help us make a trade decision. For example, suppose you find that Danaher 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 |
Danaher 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 Danaher stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Danaher stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Danaher stock over time.
Current vs Lagged Prices |
| Timeline |
Danaher Lagged Returns
When evaluating Danaher's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Danaher stock have on its future price. Danaher 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, Danaher autocorrelation shows the relationship between Danaher stock current value and its past values and can show if there is a momentum factor associated with investing in Danaher.
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 Danaher Stock
When determining whether Danaher is a strong investment it is important to analyze Danaher'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 Danaher's future performance. For an informed investment choice regarding Danaher Stock, refer to the following important reports:Check out Danaher Correlation, Danaher Volatility and Danaher Alpha and Beta module to complement your research on Danaher. For information on how to trade Danaher Stock refer to our How to Trade Danaher Stock guide.You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Danaher 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.