DAIDO METAL's market value is the price at which a share of DAIDO METAL trades on a public exchange. It measures the collective expectations of DAIDO METAL TD investors about its performance. DAIDO METAL is trading at 2.96 as of the 9th of January 2025. This is a 0.68 percent increase since the beginning of the trading day. The stock's lowest day price was 2.94. With this module, you can estimate the performance of a buy and hold strategy of DAIDO METAL TD and determine expected loss or profit from investing in DAIDO METAL over a given investment horizon. Check out DAIDO METAL Correlation, DAIDO METAL Volatility and DAIDO METAL Alpha and Beta module to complement your research on DAIDO METAL.
Please note, there is a significant difference between DAIDO METAL's value and its price as these two are different measures arrived at by different means. Investors typically determine if DAIDO METAL is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DAIDO METAL's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
DAIDO METAL '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 DAIDO METAL'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 DAIDO METAL.
0.00
01/20/2023
No Change 0.00
0.0
In 1 year 11 months and 22 days
01/09/2025
0.00
If you would invest 0.00 in DAIDO METAL on January 20, 2023 and sell it all today you would earn a total of 0.00 from holding DAIDO METAL TD or generate 0.0% return on investment in DAIDO METAL over 720 days. DAIDO METAL is related to or competes with Geely Automobile, Darden Restaurants, Ultra Clean, Iridium Communications, T-MOBILE, Zoom Video, and Clean Energy. ,together with its subsidiaries, manufactures and sells bearings in Japan, North America, Europe, Asia, China, and inter... More
DAIDO METAL 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 DAIDO METAL'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 DAIDO METAL TD upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for DAIDO METAL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DAIDO METAL's standard deviation. In reality, there are many statistical measures that can use DAIDO METAL historical prices to predict the future DAIDO METAL's volatility.
At this point, DAIDO METAL is slightly risky. DAIDO METAL TD secures Sharpe Ratio (or Efficiency) of 0.0379, which denotes the company had a 0.0379% return per unit of return volatility over the last 3 months. We have found thirty technical indicators for DAIDO METAL TD, which you can use to evaluate the volatility of the entity. Please confirm DAIDO METAL's downside deviation of 1.69, and Mean Deviation of 1.14 to check if the risk estimate we provide is consistent with the expected return of 0.0578%. DAIDO METAL has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.13, which means not very significant fluctuations relative to the market. As returns on the market increase, DAIDO METAL's returns are expected to increase less than the market. However, during the bear market, the loss of holding DAIDO METAL is expected to be smaller as well. DAIDO METAL TD at this moment shows a risk of 1.53%. Please confirm DAIDO METAL TD downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to decide if DAIDO METAL TD will be following its price patterns.
Auto-correlation
-0.72
Almost perfect reverse predictability
DAIDO METAL TD has almost perfect reverse predictability. Overlapping area represents the amount of predictability between DAIDO METAL time series from 20th of January 2023 to 15th of January 2024 and 15th of January 2024 to 9th 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 DAIDO METAL TD price movement. The serial correlation of -0.72 indicates that around 72.0% of current DAIDO METAL price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.72
Spearman Rank Test
-0.55
Residual Average
0.0
Price Variance
0.14
DAIDO METAL TD lagged returns against current returns
Autocorrelation, which is DAIDO METAL 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 DAIDO METAL's stock expected returns. We can calculate the autocorrelation of DAIDO METAL returns to help us make a trade decision. For example, suppose you find that DAIDO METAL 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
DAIDO METAL 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 DAIDO METAL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DAIDO METAL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DAIDO METAL stock over time.
Current vs Lagged Prices
Timeline
DAIDO METAL Lagged Returns
When evaluating DAIDO METAL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DAIDO METAL stock have on its future price. DAIDO METAL 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, DAIDO METAL autocorrelation shows the relationship between DAIDO METAL stock current value and its past values and can show if there is a momentum factor associated with investing in DAIDO METAL TD.
DAIDO METAL financial ratios help investors to determine whether DAIDO 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 DAIDO with respect to the benefits of owning DAIDO METAL security.