Dominion Lending Centres Stock Market Value
| DLCG Stock | 8.00 0.17 2.17% |
| Symbol | Dominion |
Dominion Lending Centres Price To Book Ratio
Dominion Lending '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 Dominion Lending'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 Dominion Lending.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Dominion Lending on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Dominion Lending Centres or generate 0.0% return on investment in Dominion Lending over 60 days. Dominion Lending is related to or competes with Titanium Transportation, Alignvest Acquisition, Propel Holdings, Dexterra, and GreenFirst Forest. Dominion Lending is entity of Canada. It is traded as Stock on TO exchange. More
Dominion Lending 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 Dominion Lending'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 Dominion Lending Centres upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.19 | |||
| Information Ratio | 0.322 | |||
| Maximum Drawdown | 20.38 | |||
| Value At Risk | (2.77) | |||
| Potential Upside | 6.83 |
Dominion Lending Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dominion Lending's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dominion Lending's standard deviation. In reality, there are many statistical measures that can use Dominion Lending historical prices to predict the future Dominion Lending's volatility.| Risk Adjusted Performance | 0.2744 | |||
| Jensen Alpha | 1.05 | |||
| Total Risk Alpha | 1.0 | |||
| Sortino Ratio | 0.4727 | |||
| Treynor Ratio | 209.89 |
Dominion Lending Centres Backtested Returns
Dominion Lending appears to be somewhat reliable, given 3 months investment horizon. Dominion Lending Centres secures Sharpe Ratio (or Efficiency) of 0.3, which denotes the company had a 0.3% return per unit of risk over the last 3 months. By reviewing Dominion Lending's technical indicators, you can evaluate if the expected return of 0.83% is justified by implied risk. Please utilize Dominion Lending's Coefficient Of Variation of 303.97, downside deviation of 2.19, and Mean Deviation of 2.08 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Dominion Lending holds a performance score of 23. The firm shows a Beta (market volatility) of 0.005, which means not very significant fluctuations relative to the market. As returns on the market increase, Dominion Lending's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dominion Lending is expected to be smaller as well. Please check Dominion Lending's coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the information ratio and total risk alpha , to make a quick decision on whether Dominion Lending's price patterns will revert.
Auto-correlation | 0.01 |
Virtually no predictability
Dominion Lending Centres has virtually no predictability. Overlapping area represents the amount of predictability between Dominion Lending time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th 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 Dominion Lending Centres price movement. The serial correlation of 0.01 indicates that just 1.0% of current Dominion Lending price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Dominion Lending Centres lagged returns against current returns
Autocorrelation, which is Dominion Lending 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 Dominion Lending's stock expected returns. We can calculate the autocorrelation of Dominion Lending returns to help us make a trade decision. For example, suppose you find that Dominion Lending 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 |
Dominion Lending 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 Dominion Lending stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dominion Lending stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dominion Lending stock over time.
Current vs Lagged Prices |
| Timeline |
Dominion Lending Lagged Returns
When evaluating Dominion Lending's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dominion Lending stock have on its future price. Dominion Lending 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, Dominion Lending autocorrelation shows the relationship between Dominion Lending stock current value and its past values and can show if there is a momentum factor associated with investing in Dominion Lending Centres.
Regressed Prices |
| Timeline |
Pair Trading with Dominion Lending
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 Dominion Lending 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 Dominion Lending will appreciate offsetting losses from the drop in the long position's value.Moving together with Dominion Stock
| 0.68 | MSFT | Microsoft Corp CDR | PairCorr |
| 0.82 | AAPL | Apple Inc CDR | PairCorr |
| 0.8 | GOOG | Alphabet CDR | PairCorr |
| 0.94 | AMZN | Amazon CDR | PairCorr |
Moving against Dominion Stock
The ability to find closely correlated positions to Dominion Lending could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dominion Lending 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 Dominion Lending - 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 Dominion Lending Centres to buy it.
The correlation of Dominion Lending 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 Dominion Lending moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dominion Lending Centres 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 Dominion Lending 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.Other Information on Investing in Dominion Stock
Dominion Lending financial ratios help investors to determine whether Dominion 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 Dominion with respect to the benefits of owning Dominion Lending security.