DENSO P (Germany) Market Value
| DNOA Stock | EUR 12.30 0.10 0.81% |
| Symbol | DENSO |
DENSO P '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 P'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 P.
| 11/20/2024 |
| 12/20/2024 |
If you would invest 0.00 in DENSO P on November 20, 2024 and sell it all today you would earn a total of 0.00 from holding DENSO P ADR or generate 0.0% return on investment in DENSO P over 30 days. DENSO P is related to or competes with Bridgestone, Superior Plus, SIVERS SEMICONDUCTORS, Norsk Hydro, Reliance Steel, RYOHIN UNSPADR1, and Vanguard Funds. DENSO Corporation manufactures and sells automotive components in Japan More
DENSO P 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 P'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 P ADR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.84 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 10.34 | |||
| Value At Risk | (2.36) | |||
| Potential Upside | 2.32 |
DENSO P Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DENSO P's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DENSO P's standard deviation. In reality, there are many statistical measures that can use DENSO P historical prices to predict the future DENSO P's volatility.| Risk Adjusted Performance | 0.0056 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.14) |
DENSO P ADR Backtested Returns
DENSO P ADR secures Sharpe Ratio (or Efficiency) of -0.0074, which denotes the company had a -0.0074% return per unit of risk over the last 3 months. DENSO P ADR exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm DENSO P's Semi Deviation of 1.45, mean deviation of 1.19, and Downside Deviation of 1.84 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0649, which means not very significant fluctuations relative to the market. As returns on the market increase, DENSO P's returns are expected to increase less than the market. However, during the bear market, the loss of holding DENSO P is expected to be smaller as well. At this point, DENSO P ADR has a negative expected return of -0.0119%. Please make sure to confirm DENSO P's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if DENSO P ADR performance from the past will be repeated in the future.
Auto-correlation | 0.10 |
Insignificant predictability
DENSO P ADR has insignificant predictability. Overlapping area represents the amount of predictability between DENSO P time series from 20th of November 2024 to 5th of December 2024 and 5th of December 2024 to 20th 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 DENSO P ADR price movement. The serial correlation of 0.1 indicates that less than 10.0% of current DENSO P price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
DENSO P ADR lagged returns against current returns
Autocorrelation, which is DENSO P 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 P's stock expected returns. We can calculate the autocorrelation of DENSO P returns to help us make a trade decision. For example, suppose you find that DENSO P 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 |
DENSO P 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 P stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DENSO P stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DENSO P stock over time.
Current vs Lagged Prices |
| Timeline |
DENSO P Lagged Returns
When evaluating DENSO P's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DENSO P stock have on its future price. DENSO P 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 P autocorrelation shows the relationship between DENSO P stock current value and its past values and can show if there is a momentum factor associated with investing in DENSO P ADR.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in DENSO Stock
DENSO P financial ratios help investors to determine whether DENSO 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 DENSO with respect to the benefits of owning DENSO P security.