Dynacert Stock Market Value
| DYA Stock | CAD 0.17 0.01 5.56% |
| Symbol | DynaCERT |
DynaCERT '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 DynaCERT'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 DynaCERT.
| 11/08/2024 |
| 01/07/2025 |
If you would invest 0.00 in DynaCERT on November 8, 2024 and sell it all today you would earn a total of 0.00 from holding DynaCERT or generate 0.0% return on investment in DynaCERT over 60 days. DynaCERT is related to or competes with Kraken Robotics. dynaCERT Inc. engages in the design, engineering, manufacture, testing, and distribution of transportable hydrogen gener... More
DynaCERT 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 DynaCERT'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 DynaCERT upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 25.0 | |||
| Value At Risk | (5.56) | |||
| Potential Upside | 11.11 |
DynaCERT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DynaCERT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DynaCERT's standard deviation. In reality, there are many statistical measures that can use DynaCERT historical prices to predict the future DynaCERT's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.41) | |||
| Total Risk Alpha | (0.50) | |||
| Treynor Ratio | (0.45) |
DynaCERT Backtested Returns
DynaCERT secures Sharpe Ratio (or Efficiency) of -0.0783, which denotes the company had a -0.0783% return per unit of risk over the last 3 months. DynaCERT exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm DynaCERT's Mean Deviation of 3.14, standard deviation of 4.86, and Variance of 23.6 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.87, which means possible diversification benefits within a given portfolio. DynaCERT returns are very sensitive to returns on the market. As the market goes up or down, DynaCERT is expected to follow. At this point, DynaCERT has a negative expected return of -0.38%. Please make sure to confirm DynaCERT's maximum drawdown, daily balance of power, period momentum indicator, as well as the relationship between the skewness and day typical price , to decide if DynaCERT performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.01 |
Virtually no predictability
DynaCERT has virtually no predictability. Overlapping area represents the amount of predictability between DynaCERT time series from 8th of November 2024 to 8th of December 2024 and 8th of December 2024 to 7th 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 DynaCERT price movement. The serial correlation of 0.01 indicates that just 1.0% of current DynaCERT price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
DynaCERT lagged returns against current returns
Autocorrelation, which is DynaCERT 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 DynaCERT's stock expected returns. We can calculate the autocorrelation of DynaCERT returns to help us make a trade decision. For example, suppose you find that DynaCERT 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 |
DynaCERT 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 DynaCERT stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DynaCERT stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DynaCERT stock over time.
Current vs Lagged Prices |
| Timeline |
DynaCERT Lagged Returns
When evaluating DynaCERT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DynaCERT stock have on its future price. DynaCERT 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, DynaCERT autocorrelation shows the relationship between DynaCERT stock current value and its past values and can show if there is a momentum factor associated with investing in DynaCERT.
Regressed Prices |
| Timeline |
Pair Trading with DynaCERT
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 DynaCERT 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 DynaCERT will appreciate offsetting losses from the drop in the long position's value.Moving against DynaCERT Stock
| 0.81 | TSLA | Tesla Inc CDR | PairCorr |
| 0.78 | AMZN | Amazon CDR | PairCorr |
| 0.72 | GOOG | Alphabet CDR | PairCorr |
| 0.52 | AAPL | Apple Inc CDR | PairCorr |
| 0.47 | PIF | Polaris Infrastructure | PairCorr |
The ability to find closely correlated positions to DynaCERT could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DynaCERT 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 DynaCERT - 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 DynaCERT to buy it.
The correlation of DynaCERT 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 DynaCERT moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DynaCERT 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 DynaCERT 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 DynaCERT Stock
DynaCERT financial ratios help investors to determine whether DynaCERT 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 DynaCERT with respect to the benefits of owning DynaCERT security.