Dynamatic Technologies (India) Market Value
| DYNAMATECH | 8,235 167.40 1.99% |
| Symbol | Dynamatic |
Dynamatic Technologies '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 Dynamatic Technologies' 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 Dynamatic Technologies.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in Dynamatic Technologies on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding Dynamatic Technologies Limited or generate 0.0% return on investment in Dynamatic Technologies over 30 days. Dynamatic Technologies is related to or competes with Reliance Industries, Life Insurance, Indian Oil, and Oil Natural. Dynamatic Technologies is entity of India More
Dynamatic Technologies 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 Dynamatic Technologies' 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 Dynamatic Technologies Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.12 | |||
| Information Ratio | 0.0482 | |||
| Maximum Drawdown | 14.89 | |||
| Value At Risk | (3.11) | |||
| Potential Upside | 5.78 |
Dynamatic Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dynamatic Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dynamatic Technologies' standard deviation. In reality, there are many statistical measures that can use Dynamatic Technologies historical prices to predict the future Dynamatic Technologies' volatility.| Risk Adjusted Performance | 0.055 | |||
| Jensen Alpha | 0.1411 | |||
| Total Risk Alpha | 0.0742 | |||
| Sortino Ratio | 0.0585 | |||
| Treynor Ratio | 0.6084 |
Dynamatic Technologies Backtested Returns
Currently, Dynamatic Technologies Limited is very steady. Dynamatic Technologies secures Sharpe Ratio (or Efficiency) of 0.0563, which denotes the company had a 0.0563% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Dynamatic Technologies Limited, which you can use to evaluate the volatility of the firm. Please confirm Dynamatic Technologies' Mean Deviation of 1.8, downside deviation of 2.12, and Coefficient Of Variation of 1648.9 to check if the risk estimate we provide is consistent with the expected return of 0.15%. Dynamatic Technologies has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.24, which means not very significant fluctuations relative to the market. As returns on the market increase, Dynamatic Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding Dynamatic Technologies is expected to be smaller as well. Dynamatic Technologies right now shows a risk of 2.59%. Please confirm Dynamatic Technologies sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to decide if Dynamatic Technologies will be following its price patterns.
Auto-correlation | 0.10 |
Insignificant predictability
Dynamatic Technologies Limited has insignificant predictability. Overlapping area represents the amount of predictability between Dynamatic Technologies time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 Dynamatic Technologies price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Dynamatic Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 61.3 K |
Dynamatic Technologies lagged returns against current returns
Autocorrelation, which is Dynamatic Technologies 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 Dynamatic Technologies' stock expected returns. We can calculate the autocorrelation of Dynamatic Technologies returns to help us make a trade decision. For example, suppose you find that Dynamatic Technologies 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 |
Dynamatic Technologies 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 Dynamatic Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dynamatic Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dynamatic Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Dynamatic Technologies Lagged Returns
When evaluating Dynamatic Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dynamatic Technologies stock have on its future price. Dynamatic Technologies 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, Dynamatic Technologies autocorrelation shows the relationship between Dynamatic Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Dynamatic Technologies Limited.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Dynamatic Stock Analysis
When running Dynamatic Technologies' price analysis, check to measure Dynamatic Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Dynamatic Technologies is operating at the current time. Most of Dynamatic Technologies' value examination focuses on studying past and present price action to predict the probability of Dynamatic Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dynamatic Technologies' price. Additionally, you may evaluate how the addition of Dynamatic Technologies to your portfolios can decrease your overall portfolio volatility.