Dook Media (China) Market Value
| 301025 Stock | 11.74 0.46 4.08% |
| Symbol | Dook |
Dook Media '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 Dook Media'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 Dook Media.
| 12/08/2023 |
| 12/02/2024 |
If you would invest 0.00 in Dook Media on December 8, 2023 and sell it all today you would earn a total of 0.00 from holding Dook Media Group or generate 0.0% return on investment in Dook Media over 360 days. Dook Media is related to or competes with Gansu Jiu, Ming Yang, Aba Chemicals, Loctek Ergonomic, Queclink Wireless, Changchun Faway, and Shandong Ruifeng. Dook Media is entity of China. It is traded as Stock on SHE exchange. More
Dook Media 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 Dook Media'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 Dook Media Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.43 | |||
| Information Ratio | 0.0883 | |||
| Maximum Drawdown | 29.56 | |||
| Value At Risk | (5.14) | |||
| Potential Upside | 5.47 |
Dook Media Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dook Media's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dook Media's standard deviation. In reality, there are many statistical measures that can use Dook Media historical prices to predict the future Dook Media's volatility.| Risk Adjusted Performance | 0.1004 | |||
| Jensen Alpha | 0.5134 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | 0.0851 | |||
| Treynor Ratio | (7.22) |
Dook Media Group Backtested Returns
Dook Media appears to be slightly risky, given 3 months investment horizon. Dook Media Group secures Sharpe Ratio (or Efficiency) of 0.15, which denotes the company had a 0.15% return per unit of risk over the last 3 months. By reviewing Dook Media's technical indicators, you can evaluate if the expected return of 0.68% is justified by implied risk. Please utilize Dook Media's Downside Deviation of 4.43, coefficient of variation of 829.15, and Mean Deviation of 3.05 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Dook Media holds a performance score of 12. The firm shows a Beta (market volatility) of -0.0699, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Dook Media are expected to decrease at a much lower rate. During the bear market, Dook Media is likely to outperform the market. Please check Dook Media's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Dook Media's price patterns will revert.
Auto-correlation | 0.32 |
Below average predictability
Dook Media Group has below average predictability. Overlapping area represents the amount of predictability between Dook Media time series from 8th of December 2023 to 5th of June 2024 and 5th of June 2024 to 2nd 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 Dook Media Group price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Dook Media price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 1.13 |
Dook Media Group lagged returns against current returns
Autocorrelation, which is Dook Media 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 Dook Media's stock expected returns. We can calculate the autocorrelation of Dook Media returns to help us make a trade decision. For example, suppose you find that Dook Media 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 |
Dook Media 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 Dook Media stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dook Media stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dook Media stock over time.
Current vs Lagged Prices |
| Timeline |
Dook Media Lagged Returns
When evaluating Dook Media's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dook Media stock have on its future price. Dook Media 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, Dook Media autocorrelation shows the relationship between Dook Media stock current value and its past values and can show if there is a momentum factor associated with investing in Dook Media Group.
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.Other Information on Investing in Dook Stock
Dook Media financial ratios help investors to determine whether Dook 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 Dook with respect to the benefits of owning Dook Media security.