DIeteren Group (Belgium) Market Value
| DIE Stock | EUR 201.80 0.20 0.1% |
| Symbol | DIeteren |
DIeteren Group '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 DIeteren Group'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 DIeteren Group.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in DIeteren Group on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding DIeteren Group SA or generate 0.0% return on investment in DIeteren Group over 720 days. DIeteren Group is related to or competes with Ackermans Van, Sofina Socit, Groep Brussel, Barco NV, and Ageas SANV. DIeteren Group SA, operates as an investment company worldwide More
DIeteren Group 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 DIeteren Group'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 DIeteren Group SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 11.34 | |||
| Value At Risk | (2.66) | |||
| Potential Upside | 3.04 |
DIeteren Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DIeteren Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DIeteren Group's standard deviation. In reality, there are many statistical measures that can use DIeteren Group historical prices to predict the future DIeteren Group's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.43) | |||
| Treynor Ratio | 0.4457 |
DIeteren Group SA Backtested Returns
DIeteren Group SA secures Sharpe Ratio (or Efficiency) of -0.0501, which denotes the company had a -0.0501% return per unit of standard deviation over the last 3 months. DIeteren Group SA exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm DIeteren Group's Coefficient Of Variation of (1,776), standard deviation of 1.89, and Mean Deviation of 1.3 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.26, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning DIeteren Group are expected to decrease at a much lower rate. During the bear market, DIeteren Group is likely to outperform the market. At this point, DIeteren Group SA has a negative expected return of -0.0952%. Please make sure to confirm DIeteren Group's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if DIeteren Group SA performance from the past will be repeated at some future point.
Auto-correlation | -0.63 |
Very good reverse predictability
DIeteren Group SA has very good reverse predictability. Overlapping area represents the amount of predictability between DIeteren Group time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 DIeteren Group SA price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current DIeteren Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 193.27 |
DIeteren Group SA lagged returns against current returns
Autocorrelation, which is DIeteren Group 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 DIeteren Group's stock expected returns. We can calculate the autocorrelation of DIeteren Group returns to help us make a trade decision. For example, suppose you find that DIeteren Group 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 |
DIeteren Group 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 DIeteren Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DIeteren Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DIeteren Group stock over time.
Current vs Lagged Prices |
| Timeline |
DIeteren Group Lagged Returns
When evaluating DIeteren Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DIeteren Group stock have on its future price. DIeteren Group 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, DIeteren Group autocorrelation shows the relationship between DIeteren Group stock current value and its past values and can show if there is a momentum factor associated with investing in DIeteren Group SA.
Regressed Prices |
| Timeline |
Pair Trading with DIeteren Group
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 DIeteren Group 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 DIeteren Group will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to DIeteren Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DIeteren Group 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 DIeteren Group - 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 DIeteren Group SA to buy it.
The correlation of DIeteren Group 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 DIeteren Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DIeteren Group SA 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 DIeteren Group 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 DIeteren Stock Analysis
When running DIeteren Group's price analysis, check to measure DIeteren Group'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 DIeteren Group is operating at the current time. Most of DIeteren Group's value examination focuses on studying past and present price action to predict the probability of DIeteren Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DIeteren Group's price. Additionally, you may evaluate how the addition of DIeteren Group to your portfolios can decrease your overall portfolio volatility.