Dream Unlimited Corp Stock Market Value

DRM Stock  CAD 23.01  0.43  1.83%   
Dream Unlimited's market value is the price at which a share of Dream Unlimited trades on a public exchange. It measures the collective expectations of Dream Unlimited Corp investors about its performance. Dream Unlimited is selling at 23.01 as of the 14th of December 2024; that is 1.83% down since the beginning of the trading day. The stock's open price was 23.44.
With this module, you can estimate the performance of a buy and hold strategy of Dream Unlimited Corp and determine expected loss or profit from investing in Dream Unlimited over a given investment horizon. Check out Dream Unlimited Correlation, Dream Unlimited Volatility and Dream Unlimited Alpha and Beta module to complement your research on Dream Unlimited.
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Dream Unlimited Corp Price To Book Ratio

Please note, there is a significant difference between Dream Unlimited's value and its price as these two are different measures arrived at by different means. Investors typically determine if Dream Unlimited is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dream Unlimited's 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.

Dream Unlimited '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 Dream Unlimited'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 Dream Unlimited.
0.00
11/14/2024
No Change 0.00  0.0 
In 31 days
12/14/2024
0.00
If you would invest  0.00  in Dream Unlimited on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Dream Unlimited Corp or generate 0.0% return on investment in Dream Unlimited over 30 days. Dream Unlimited is related to or competes with Andlauer Healthcare, Colliers International, Stingray, and Quarterhill. Dream Unlimited Corp. formerly known as Dundee Realty Corporation is a real estate investment firm More

Dream Unlimited 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 Dream Unlimited'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 Dream Unlimited Corp upside and downside potential and time the market with a certain degree of confidence.

Dream Unlimited Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Dream Unlimited's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dream Unlimited's standard deviation. In reality, there are many statistical measures that can use Dream Unlimited historical prices to predict the future Dream Unlimited's volatility.
Hype
Prediction
LowEstimatedHigh
21.0222.9324.84
Details
Intrinsic
Valuation
LowRealHigh
20.8722.7824.69
Details
Earnings
Estimates (0)
LowProjected EPSHigh
1.101.101.10
Details

Dream Unlimited Corp Backtested Returns

Dream Unlimited Corp secures Sharpe Ratio (or Efficiency) of -0.18, which denotes the company had a -0.18% return per unit of standard deviation over the last 3 months. Dream Unlimited Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Dream Unlimited's Standard Deviation of 1.95, mean deviation of 1.52, and Coefficient Of Variation of (807.26) to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.3, which means not very significant fluctuations relative to the market. As returns on the market increase, Dream Unlimited's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dream Unlimited is expected to be smaller as well. At this point, Dream Unlimited Corp has a negative expected return of -0.34%. Please make sure to confirm Dream Unlimited's value at risk, and the relationship between the jensen alpha and accumulation distribution , to decide if Dream Unlimited Corp performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.25  

Poor predictability

Dream Unlimited Corp has poor predictability. Overlapping area represents the amount of predictability between Dream Unlimited 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 Dream Unlimited Corp price movement. The serial correlation of 0.25 indicates that over 25.0% of current Dream Unlimited price fluctuation can be explain by its past prices.
Correlation Coefficient0.25
Spearman Rank Test0.52
Residual Average0.0
Price Variance0.12

Dream Unlimited Corp lagged returns against current returns

Autocorrelation, which is Dream Unlimited 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 Dream Unlimited's stock expected returns. We can calculate the autocorrelation of Dream Unlimited returns to help us make a trade decision. For example, suppose you find that Dream Unlimited 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  

Dream Unlimited 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 Dream Unlimited stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dream Unlimited stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dream Unlimited stock over time.
   Current vs Lagged Prices   
       Timeline  

Dream Unlimited Lagged Returns

When evaluating Dream Unlimited's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dream Unlimited stock have on its future price. Dream Unlimited 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, Dream Unlimited autocorrelation shows the relationship between Dream Unlimited stock current value and its past values and can show if there is a momentum factor associated with investing in Dream Unlimited Corp.
   Regressed Prices   
       Timeline  

Other Information on Investing in Dream Stock

Dream Unlimited financial ratios help investors to determine whether Dream 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 Dream with respect to the benefits of owning Dream Unlimited security.