Dalata Hotel (Ireland) Market Value
| DHG Stock | EUR 4.41 0.01 0.23% |
| Symbol | Dalata |
Dalata Hotel '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 Dalata Hotel'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 Dalata Hotel.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Dalata Hotel on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Dalata Hotel Group or generate 0.0% return on investment in Dalata Hotel over 30 days. Dalata Hotel is related to or competes with AIB Group, Bank of Ireland, Kingspan Group, Irish Residential, and Glanbia PLC. More
Dalata Hotel 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 Dalata Hotel'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 Dalata Hotel Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.01 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 6.55 | |||
| Value At Risk | (1.78) | |||
| Potential Upside | 1.79 |
Dalata Hotel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dalata Hotel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dalata Hotel's standard deviation. In reality, there are many statistical measures that can use Dalata Hotel historical prices to predict the future Dalata Hotel's volatility.| Risk Adjusted Performance | 0.0129 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.0203 |
Dalata Hotel Group Backtested Returns
Currently, Dalata Hotel Group is somewhat reliable. Dalata Hotel Group secures Sharpe Ratio (or Efficiency) of 0.0188, which denotes the company had a 0.0188% return per unit of risk over the last 3 months. We have found thirty technical indicators for Dalata Hotel Group, which you can use to evaluate the volatility of the firm. Please confirm Dalata Hotel's Coefficient Of Variation of 9903.3, downside deviation of 2.01, and Mean Deviation of 1.09 to check if the risk estimate we provide is consistent with the expected return of 0.0298%. Dalata Hotel has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.3, which means not very significant fluctuations relative to the market. As returns on the market increase, Dalata Hotel's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dalata Hotel is expected to be smaller as well. Dalata Hotel Group right now shows a risk of 1.59%. Please confirm Dalata Hotel Group standard deviation, treynor ratio, downside variance, as well as the relationship between the total risk alpha and value at risk , to decide if Dalata Hotel Group will be following its price patterns.
Auto-correlation | -0.82 |
Excellent reverse predictability
Dalata Hotel Group has excellent reverse predictability. Overlapping area represents the amount of predictability between Dalata Hotel time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Dalata Hotel Group price movement. The serial correlation of -0.82 indicates that around 82.0% of current Dalata Hotel price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.82 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Dalata Hotel Group lagged returns against current returns
Autocorrelation, which is Dalata Hotel 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 Dalata Hotel's stock expected returns. We can calculate the autocorrelation of Dalata Hotel returns to help us make a trade decision. For example, suppose you find that Dalata Hotel 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 |
Dalata Hotel 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 Dalata Hotel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dalata Hotel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dalata Hotel stock over time.
Current vs Lagged Prices |
| Timeline |
Dalata Hotel Lagged Returns
When evaluating Dalata Hotel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dalata Hotel stock have on its future price. Dalata Hotel 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, Dalata Hotel autocorrelation shows the relationship between Dalata Hotel stock current value and its past values and can show if there is a momentum factor associated with investing in Dalata Hotel Group.
Regressed Prices |
| Timeline |
Pair Trading with Dalata Hotel
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 Dalata Hotel 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 Dalata Hotel will appreciate offsetting losses from the drop in the long position's value.Moving against Dalata Stock
The ability to find closely correlated positions to Dalata Hotel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dalata Hotel 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 Dalata Hotel - 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 Dalata Hotel Group to buy it.
The correlation of Dalata Hotel 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 Dalata Hotel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dalata Hotel Group 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 Dalata Hotel 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 Dalata Stock Analysis
When running Dalata Hotel's price analysis, check to measure Dalata Hotel'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 Dalata Hotel is operating at the current time. Most of Dalata Hotel's value examination focuses on studying past and present price action to predict the probability of Dalata Hotel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dalata Hotel's price. Additionally, you may evaluate how the addition of Dalata Hotel to your portfolios can decrease your overall portfolio volatility.