Dexterra Group Stock Market Value
| DXT Stock | CAD 7.53 0.07 0.92% |
| Symbol | Dexterra |
Dexterra Group Price To Book Ratio
Dexterra '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 Dexterra'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 Dexterra.
| 10/17/2024 |
| 12/16/2024 |
If you would invest 0.00 in Dexterra on October 17, 2024 and sell it all today you would earn a total of 0.00 from holding Dexterra Group or generate 0.0% return on investment in Dexterra over 60 days. Dexterra is related to or competes with Doman Building, Topaz Energy, Bird Construction, Alaris Equity, and Mullen. Dexterra Group Inc. provides support services for the creation, management, and operation of infrastructure in Canada More
Dexterra 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 Dexterra'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 Dexterra Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.33 | |||
| Information Ratio | 0.0863 | |||
| Maximum Drawdown | 6.58 | |||
| Value At Risk | (1.91) | |||
| Potential Upside | 2.66 |
Dexterra Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dexterra's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dexterra's standard deviation. In reality, there are many statistical measures that can use Dexterra historical prices to predict the future Dexterra's volatility.| Risk Adjusted Performance | 0.1192 | |||
| Jensen Alpha | 0.1485 | |||
| Total Risk Alpha | 0.0369 | |||
| Sortino Ratio | 0.091 | |||
| Treynor Ratio | 0.3038 |
Dexterra Group Backtested Returns
As of now, Dexterra Stock is not too volatile. Dexterra Group secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the company had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Dexterra Group, which you can use to evaluate the volatility of the firm. Please confirm Dexterra's Coefficient Of Variation of 634.2, mean deviation of 1.08, and Downside Deviation of 1.33 to check if the risk estimate we provide is consistent with the expected return of 0.19%. Dexterra has a performance score of 10 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.7, which means possible diversification benefits within a given portfolio. As returns on the market increase, Dexterra's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dexterra is expected to be smaller as well. Dexterra Group right now shows a risk of 1.42%. Please confirm Dexterra Group skewness, and the relationship between the potential upside and rate of daily change , to decide if Dexterra Group will be following its price patterns.
Auto-correlation | -0.08 |
Very weak reverse predictability
Dexterra Group has very weak reverse predictability. Overlapping area represents the amount of predictability between Dexterra time series from 17th of October 2024 to 16th of November 2024 and 16th of November 2024 to 16th 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 Dexterra Group price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Dexterra price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
Dexterra Group lagged returns against current returns
Autocorrelation, which is Dexterra 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 Dexterra's stock expected returns. We can calculate the autocorrelation of Dexterra returns to help us make a trade decision. For example, suppose you find that Dexterra 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 |
Dexterra 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 Dexterra stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dexterra stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dexterra stock over time.
Current vs Lagged Prices |
| Timeline |
Dexterra Lagged Returns
When evaluating Dexterra's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dexterra stock have on its future price. Dexterra 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, Dexterra autocorrelation shows the relationship between Dexterra stock current value and its past values and can show if there is a momentum factor associated with investing in Dexterra Group.
Regressed Prices |
| Timeline |
Pair Trading with Dexterra
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 Dexterra 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 Dexterra will appreciate offsetting losses from the drop in the long position's value.Moving together with Dexterra Stock
Moving against Dexterra Stock
The ability to find closely correlated positions to Dexterra could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dexterra 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 Dexterra - 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 Dexterra Group to buy it.
The correlation of Dexterra 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 Dexterra moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dexterra Group 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 Dexterra 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 Dexterra Stock
Dexterra financial ratios help investors to determine whether Dexterra 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 Dexterra with respect to the benefits of owning Dexterra security.