Daikin IndustriesLtd (Germany) Market Value
| DKI Stock | EUR 109.25 0.45 0.41% |
| Symbol | Daikin |
Daikin IndustriesLtd '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 Daikin IndustriesLtd'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 Daikin IndustriesLtd.
| 06/25/2024 |
| 12/22/2024 |
If you would invest 0.00 in Daikin IndustriesLtd on June 25, 2024 and sell it all today you would earn a total of 0.00 from holding Daikin IndustriesLtd or generate 0.0% return on investment in Daikin IndustriesLtd over 180 days. Daikin IndustriesLtd is related to or competes with Compagnie, Vulcan Materials, Anhui Conch, Martin Marietta, Heidelberg Materials, and Heidelberg Materials. Daikin Industries, Ltd. manufactures, distributes, and sells air-conditioning and refrigeration equipment, and chemical ... More
Daikin IndustriesLtd 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 Daikin IndustriesLtd'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 Daikin IndustriesLtd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.43 | |||
| Information Ratio | 0.1125 | |||
| Maximum Drawdown | 74.36 | |||
| Value At Risk | (2.25) | |||
| Potential Upside | 2.92 |
Daikin IndustriesLtd Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Daikin IndustriesLtd's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Daikin IndustriesLtd's standard deviation. In reality, there are many statistical measures that can use Daikin IndustriesLtd historical prices to predict the future Daikin IndustriesLtd's volatility.| Risk Adjusted Performance | 0.1011 | |||
| Jensen Alpha | 0.9977 | |||
| Total Risk Alpha | 0.78 | |||
| Sortino Ratio | 0.7032 | |||
| Treynor Ratio | 0.6874 |
Daikin IndustriesLtd Backtested Returns
Daikin IndustriesLtd is very steady given 3 months investment horizon. Daikin IndustriesLtd secures Sharpe Ratio (or Efficiency) of 0.11, which denotes the company had a 0.11% return per unit of risk over the last 3 months. We were able to interpolate twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.01% are justified by taking the suggested risk. Use Daikin IndustriesLtd Mean Deviation of 2.79, coefficient of variation of 861.04, and Downside Deviation of 1.43 to evaluate company specific risk that cannot be diversified away. Daikin IndustriesLtd holds a performance score of 8 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 1.5, 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, Daikin IndustriesLtd will likely underperform. Use Daikin IndustriesLtd downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to analyze future returns on Daikin IndustriesLtd.
Auto-correlation | -0.16 |
Insignificant reverse predictability
Daikin IndustriesLtd has insignificant reverse predictability. Overlapping area represents the amount of predictability between Daikin IndustriesLtd time series from 25th of June 2024 to 23rd of September 2024 and 23rd of September 2024 to 22nd 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 Daikin IndustriesLtd price movement. The serial correlation of -0.16 indicates that over 16.0% of current Daikin IndustriesLtd price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 143.41 |
Daikin IndustriesLtd lagged returns against current returns
Autocorrelation, which is Daikin IndustriesLtd 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 Daikin IndustriesLtd's stock expected returns. We can calculate the autocorrelation of Daikin IndustriesLtd returns to help us make a trade decision. For example, suppose you find that Daikin IndustriesLtd 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 |
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Daikin IndustriesLtd 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 Daikin IndustriesLtd stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Daikin IndustriesLtd stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Daikin IndustriesLtd stock over time.
Current vs Lagged Prices |
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Daikin IndustriesLtd Lagged Returns
When evaluating Daikin IndustriesLtd's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Daikin IndustriesLtd stock have on its future price. Daikin IndustriesLtd 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, Daikin IndustriesLtd autocorrelation shows the relationship between Daikin IndustriesLtd stock current value and its past values and can show if there is a momentum factor associated with investing in Daikin IndustriesLtd.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in Daikin Stock
Daikin IndustriesLtd financial ratios help investors to determine whether Daikin Stock 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 Daikin with respect to the benefits of owning Daikin IndustriesLtd security.