DENSO (DNOSG) (Germany) Market Value
| DNO Stock | 13.38 0.10 0.75% |
| Symbol | DENSO |
DENSO (DNOSG) '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 DENSO (DNOSG)'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 DENSO (DNOSG).
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in DENSO (DNOSG) on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding DENSO or generate 0.0% return on investment in DENSO (DNOSG) over 60 days.
DENSO (DNOSG) 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 DENSO (DNOSG)'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 DENSO upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 9.18 | |||
| Value At Risk | (2.41) | |||
| Potential Upside | 3.42 |
DENSO (DNOSG) Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DENSO (DNOSG)'s investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DENSO (DNOSG)'s standard deviation. In reality, there are many statistical measures that can use DENSO (DNOSG) historical prices to predict the future DENSO (DNOSG)'s volatility.| Risk Adjusted Performance | 3.0E-4 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | (0.25) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of DENSO (DNOSG)'s price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
DENSO (DNOSG) Backtested Returns
Currently, DENSO is not too volatile. DENSO (DNOSG) secures Sharpe Ratio (or Efficiency) of 0.0206, which denotes the company had a 0.0206% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for DENSO, which you can use to evaluate the volatility of the firm. Please confirm DENSO (DNOSG)'s Standard Deviation of 1.67, mean deviation of 1.12, and Coefficient Of Variation of (16,727) to check if the risk estimate we provide is consistent with the expected return of 0.0349%. DENSO (DNOSG) has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0791, which means not very significant fluctuations relative to the market. As returns on the market increase, DENSO (DNOSG)'s returns are expected to increase less than the market. However, during the bear market, the loss of holding DENSO (DNOSG) is expected to be smaller as well. DENSO (DNOSG) at this time shows a risk of 1.69%. Please confirm DENSO (DNOSG) treynor ratio, as well as the relationship between the daily balance of power and price action indicator , to decide if DENSO (DNOSG) will be following its price patterns.
Auto-correlation | -0.11 |
Insignificant reverse predictability
DENSO has insignificant reverse predictability. Overlapping area represents the amount of predictability between DENSO (DNOSG) 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 DENSO (DNOSG) price movement. The serial correlation of -0.11 indicates that less than 11.0% of current DENSO (DNOSG) price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
DENSO (DNOSG) lagged returns against current returns
Autocorrelation, which is DENSO (DNOSG) 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 DENSO (DNOSG)'s stock expected returns. We can calculate the autocorrelation of DENSO (DNOSG) returns to help us make a trade decision. For example, suppose you find that DENSO (DNOSG) 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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DENSO (DNOSG) 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 DENSO (DNOSG) stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DENSO (DNOSG) stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DENSO (DNOSG) stock over time.
Current vs Lagged Prices |
| Timeline |
DENSO (DNOSG) Lagged Returns
When evaluating DENSO (DNOSG)'s market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DENSO (DNOSG) stock have on its future price. DENSO (DNOSG) 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, DENSO (DNOSG) autocorrelation shows the relationship between DENSO (DNOSG) stock current value and its past values and can show if there is a momentum factor associated with investing in DENSO.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for DENSO Stock Analysis
When running DENSO (DNOSG)'s price analysis, check to measure DENSO (DNOSG)'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 DENSO (DNOSG) is operating at the current time. Most of DENSO (DNOSG)'s value examination focuses on studying past and present price action to predict the probability of DENSO (DNOSG)'s future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DENSO (DNOSG)'s price. Additionally, you may evaluate how the addition of DENSO (DNOSG) to your portfolios can decrease your overall portfolio volatility.