Diamond Power's market value is the price at which a share of Diamond Power trades on a public exchange. It measures the collective expectations of Diamond Power Infrastructure investors about its performance. Diamond Power is selling for under 121.72 as of the 18th of January 2025; that is 4.99 percent increase since the beginning of the trading day. The stock's lowest day price was 114.21. With this module, you can estimate the performance of a buy and hold strategy of Diamond Power Infrastructure and determine expected loss or profit from investing in Diamond Power over a given investment horizon. Check out Diamond Power Correlation, Diamond Power Volatility and Diamond Power Alpha and Beta module to complement your research on Diamond Power.
Please note, there is a significant difference between Diamond Power's value and its price as these two are different measures arrived at by different means. Investors typically determine if Diamond Power is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Diamond Power'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.
Diamond Power '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 Diamond Power'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 Diamond Power.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Diamond Power'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 Diamond Power Infrastructure upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Diamond Power's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Diamond Power's standard deviation. In reality, there are many statistical measures that can use Diamond Power historical prices to predict the future Diamond Power's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Diamond Power. Your research has to be compared to or analyzed against Diamond Power's peers to derive any actionable benefits. When done correctly, Diamond Power's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Diamond Power Infras.
Diamond Power Infras Backtested Returns
Diamond Power is out of control given 3 months investment horizon. Diamond Power Infras secures Sharpe Ratio (or Efficiency) of 0.11, which denotes the company had a 0.11% return per unit of standard deviation over the last 3 months. We were able to analyze twenty-nine different technical indicators, which can help you to evaluate if expected returns of 14.04% are justified by taking the suggested risk. Use Diamond Power Mean Deviation of 31.81, semi deviation of 12.78, and Downside Deviation of 17.48 to evaluate company specific risk that cannot be diversified away. Diamond Power holds a performance score of 8 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -6.79, which means a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Diamond Power are expected to decrease by larger amounts. On the other hand, during market turmoil, Diamond Power is expected to outperform it. Use Diamond Power mean deviation, standard deviation, treynor ratio, as well as the relationship between the downside deviation and total risk alpha , to analyze future returns on Diamond Power.
Auto-correlation
0.39
Below average predictability
Diamond Power Infrastructure has below average predictability. Overlapping area represents the amount of predictability between Diamond Power time series from 19th of December 2024 to 3rd of January 2025 and 3rd of January 2025 to 18th 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 Diamond Power Infras price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Diamond Power price fluctuation can be explain by its past prices.
Correlation Coefficient
0.39
Spearman Rank Test
0.44
Residual Average
0.0
Price Variance
130.71
Diamond Power Infras lagged returns against current returns
Autocorrelation, which is Diamond Power 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 Diamond Power's stock expected returns. We can calculate the autocorrelation of Diamond Power returns to help us make a trade decision. For example, suppose you find that Diamond Power 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
Diamond Power 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 Diamond Power stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Diamond Power stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Diamond Power stock over time.
Current vs Lagged Prices
Timeline
Diamond Power Lagged Returns
When evaluating Diamond Power's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Diamond Power stock have on its future price. Diamond Power 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, Diamond Power autocorrelation shows the relationship between Diamond Power stock current value and its past values and can show if there is a momentum factor associated with investing in Diamond Power Infrastructure.
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.
When running Diamond Power's price analysis, check to measure Diamond Power'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 Diamond Power is operating at the current time. Most of Diamond Power's value examination focuses on studying past and present price action to predict the probability of Diamond Power's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Diamond Power's price. Additionally, you may evaluate how the addition of Diamond Power to your portfolios can decrease your overall portfolio volatility.