Dareway Software (China) Market Value
| 688579 Stock | 10.25 0.32 3.03% |
| Symbol | Dareway |
Dareway Software '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 Dareway Software'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 Dareway Software.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Dareway Software on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Dareway Software Co or generate 0.0% return on investment in Dareway Software over 720 days. Dareway Software is related to or competes with Dymatic Chemicals, Chahua Modern, Lingyuan Iron, Central Plains, Hainan Airlines, Juneyao Airlines, and Miracll Chemicals. Dareway Software is entity of China. It is traded as Stock on SHG exchange. More
Dareway Software 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 Dareway Software'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 Dareway Software Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.56 | |||
| Information Ratio | 0.1195 | |||
| Maximum Drawdown | 26.24 | |||
| Value At Risk | (6.02) | |||
| Potential Upside | 5.91 |
Dareway Software Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dareway Software's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dareway Software's standard deviation. In reality, there are many statistical measures that can use Dareway Software historical prices to predict the future Dareway Software's volatility.| Risk Adjusted Performance | 0.1235 | |||
| Jensen Alpha | 0.6386 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.1426 | |||
| Treynor Ratio | (7.66) |
Dareway Software Backtested Returns
Dareway Software appears to be slightly risky, given 3 months investment horizon. Dareway Software secures Sharpe Ratio (or Efficiency) of 0.16, which denotes the company had a 0.16% return per unit of risk over the last 3 months. By reviewing Dareway Software's technical indicators, you can evaluate if the expected return of 0.71% is justified by implied risk. Please utilize Dareway Software's Downside Deviation of 3.56, coefficient of variation of 665.42, and Mean Deviation of 2.84 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Dareway Software holds a performance score of 12. The firm shows a Beta (market volatility) of -0.0821, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Dareway Software are expected to decrease at a much lower rate. During the bear market, Dareway Software is likely to outperform the market. Please check Dareway Software's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Dareway Software's price patterns will revert.
Auto-correlation | -0.52 |
Good reverse predictability
Dareway Software Co has good reverse predictability. Overlapping area represents the amount of predictability between Dareway Software time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th of November 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 Dareway Software price movement. The serial correlation of -0.52 indicates that about 52.0% of current Dareway Software price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 2.61 |
Dareway Software lagged returns against current returns
Autocorrelation, which is Dareway Software 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 Dareway Software's stock expected returns. We can calculate the autocorrelation of Dareway Software returns to help us make a trade decision. For example, suppose you find that Dareway Software 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 |
Dareway Software 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 Dareway Software stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dareway Software stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dareway Software stock over time.
Current vs Lagged Prices |
| Timeline |
Dareway Software Lagged Returns
When evaluating Dareway Software's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dareway Software stock have on its future price. Dareway Software 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, Dareway Software autocorrelation shows the relationship between Dareway Software stock current value and its past values and can show if there is a momentum factor associated with investing in Dareway Software Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Dareway Stock
Dareway Software financial ratios help investors to determine whether Dareway 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 Dareway with respect to the benefits of owning Dareway Software security.