Deckers Outdoor (Germany) Market Value
| DO2 Stock | EUR 194.50 1.95 0.99% |
| Symbol | Deckers |
Deckers Outdoor '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 Deckers Outdoor'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 Deckers Outdoor.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Deckers Outdoor on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Deckers Outdoor or generate 0.0% return on investment in Deckers Outdoor over 30 days. Deckers Outdoor is related to or competes with United States, FLOW TRADERS, QURATE RETAIL, Tradeweb Markets, RELIANCE STEEL, MARKET VECTR, and Perma-Fix Environmental. Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and ac... More
Deckers Outdoor 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 Deckers Outdoor'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 Deckers Outdoor upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.89 | |||
| Information Ratio | 0.1599 | |||
| Maximum Drawdown | 15.49 | |||
| Value At Risk | (2.92) | |||
| Potential Upside | 5.08 |
Deckers Outdoor Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Deckers Outdoor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Deckers Outdoor's standard deviation. In reality, there are many statistical measures that can use Deckers Outdoor historical prices to predict the future Deckers Outdoor's volatility.| Risk Adjusted Performance | 0.1498 | |||
| Jensen Alpha | 0.5004 | |||
| Total Risk Alpha | 0.1877 | |||
| Sortino Ratio | 0.232 | |||
| Treynor Ratio | 1.71 |
Deckers Outdoor Backtested Returns
Deckers Outdoor appears to be very steady, given 3 months investment horizon. Deckers Outdoor secures Sharpe Ratio (or Efficiency) of 0.2, which denotes the company had a 0.2% return per unit of standard deviation over the last 3 months. By reviewing Deckers Outdoor's technical indicators, you can evaluate if the expected return of 0.54% is justified by implied risk. Please utilize Deckers Outdoor's Mean Deviation of 1.93, downside deviation of 1.89, and Semi Deviation of 1.57 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Deckers Outdoor holds a performance score of 15. The firm shows a Beta (market volatility) of 0.31, which means possible diversification benefits within a given portfolio. As returns on the market increase, Deckers Outdoor's returns are expected to increase less than the market. However, during the bear market, the loss of holding Deckers Outdoor is expected to be smaller as well. Please check Deckers Outdoor's mean deviation, downside deviation, information ratio, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Deckers Outdoor's price patterns will revert.
Auto-correlation | 0.61 |
Good predictability
Deckers Outdoor has good predictability. Overlapping area represents the amount of predictability between Deckers Outdoor time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Deckers Outdoor price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Deckers Outdoor price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 10.81 |
Deckers Outdoor lagged returns against current returns
Autocorrelation, which is Deckers Outdoor 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 Deckers Outdoor's stock expected returns. We can calculate the autocorrelation of Deckers Outdoor returns to help us make a trade decision. For example, suppose you find that Deckers Outdoor 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 |
Deckers Outdoor 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 Deckers Outdoor stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Deckers Outdoor stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Deckers Outdoor stock over time.
Current vs Lagged Prices |
| Timeline |
Deckers Outdoor Lagged Returns
When evaluating Deckers Outdoor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Deckers Outdoor stock have on its future price. Deckers Outdoor 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, Deckers Outdoor autocorrelation shows the relationship between Deckers Outdoor stock current value and its past values and can show if there is a momentum factor associated with investing in Deckers Outdoor.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Deckers Stock
When determining whether Deckers Outdoor is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Deckers Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Deckers Outdoor Stock. Highlighted below are key reports to facilitate an investment decision about Deckers Outdoor Stock:Check out Deckers Outdoor Correlation, Deckers Outdoor Volatility and Deckers Outdoor Alpha and Beta module to complement your research on Deckers Outdoor. For more detail on how to invest in Deckers Stock please use our How to Invest in Deckers Outdoor guide.You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Deckers Outdoor 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.