Draftkings Stock Market Value
| DKNG Stock | USD 35.29 1.75 4.72% |
| Symbol | DraftKings |
DraftKings Price To Book Ratio
Is Hotels, Restaurants & Leisure space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of DraftKings. If investors know DraftKings will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about DraftKings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.05) | Revenue Per Share | Quarterly Revenue Growth 0.132 | Return On Assets | Return On Equity |
The market value of DraftKings is measured differently than its book value, which is the value of DraftKings that is recorded on the company's balance sheet. Investors also form their own opinion of DraftKings' value that differs from its market value or its book value, called intrinsic value, which is DraftKings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because DraftKings' market value can be influenced by many factors that don't directly affect DraftKings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between DraftKings' value and its price as these two are different measures arrived at by different means. Investors typically determine if DraftKings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DraftKings' 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.
DraftKings '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 DraftKings' 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 DraftKings.
| 12/29/2024 |
| 03/29/2025 |
If you would invest 0.00 in DraftKings on December 29, 2024 and sell it all today you would earn a total of 0.00 from holding DraftKings or generate 0.0% return on investment in DraftKings over 90 days. DraftKings is related to or competes with Light Wonder, International Game, Everi Holdings, PlayAGS, Accel Entertainment, Rush Street, and Inspired Entertainment. DraftKings Inc. operates a digital sports entertainment and gaming company More
DraftKings 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 DraftKings' 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 DraftKings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 22.98 | |||
| Value At Risk | (5.18) | |||
| Potential Upside | 4.6 |
DraftKings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DraftKings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DraftKings' standard deviation. In reality, there are many statistical measures that can use DraftKings historical prices to predict the future DraftKings' volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | 0.0687 | |||
| Treynor Ratio | (0.1) |
DraftKings Backtested Returns
DraftKings secures Sharpe Ratio (or Efficiency) of close to zero, which denotes the company had a close to zero % return per unit of standard deviation over the last 3 months. DraftKings exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm DraftKings' Standard Deviation of 3.53, coefficient of variation of (2,474), and Mean Deviation of 2.56 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.59, 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, DraftKings will likely underperform. At this point, DraftKings has a negative expected return of -0.0193%. Please make sure to confirm DraftKings' standard deviation, kurtosis, relative strength index, as well as the relationship between the maximum drawdown and day median price , to decide if DraftKings performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.88 |
Excellent reverse predictability
DraftKings has excellent reverse predictability. Overlapping area represents the amount of predictability between DraftKings time series from 29th of December 2024 to 12th of February 2025 and 12th of February 2025 to 29th 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 DraftKings price movement. The serial correlation of -0.88 indicates that approximately 88.0% of current DraftKings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.88 | |
| Spearman Rank Test | -0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 20.26 |
DraftKings lagged returns against current returns
Autocorrelation, which is DraftKings 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 DraftKings' stock expected returns. We can calculate the autocorrelation of DraftKings returns to help us make a trade decision. For example, suppose you find that DraftKings 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 |
DraftKings 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 DraftKings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DraftKings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DraftKings stock over time.
Current vs Lagged Prices |
| Timeline |
DraftKings Lagged Returns
When evaluating DraftKings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DraftKings stock have on its future price. DraftKings 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, DraftKings autocorrelation shows the relationship between DraftKings stock current value and its past values and can show if there is a momentum factor associated with investing in DraftKings.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether DraftKings is a strong investment it is important to analyze DraftKings' 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 DraftKings' future performance. For an informed investment choice regarding DraftKings Stock, refer to the following important reports:Check out DraftKings Correlation, DraftKings Volatility and DraftKings Alpha and Beta module to complement your research on DraftKings. For more detail on how to invest in DraftKings Stock please use our How to Invest in DraftKings guide.You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
DraftKings 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.