DIVERSIFIED ROYALTY (Germany) Market Value
| BEW Stock | EUR 2.06 0.01 0.49% |
| Symbol | DIVERSIFIED |
DIVERSIFIED ROYALTY '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 DIVERSIFIED ROYALTY'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 DIVERSIFIED ROYALTY.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in DIVERSIFIED ROYALTY on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding DIVERSIFIED ROYALTY or generate 0.0% return on investment in DIVERSIFIED ROYALTY over 30 days. DIVERSIFIED ROYALTY is related to or competes with Federal Home, Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, Talanx AG, and NorAm Drilling. Diversified Royalty Corp., a multi-royalty corporation, engages in the acquisition of royalties from multi-location busi... More
DIVERSIFIED ROYALTY 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 DIVERSIFIED ROYALTY'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 DIVERSIFIED ROYALTY upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.01 | |||
| Information Ratio | 0.0491 | |||
| Maximum Drawdown | 12.22 | |||
| Value At Risk | (4.50) | |||
| Potential Upside | 5.24 |
DIVERSIFIED ROYALTY Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DIVERSIFIED ROYALTY's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DIVERSIFIED ROYALTY's standard deviation. In reality, there are many statistical measures that can use DIVERSIFIED ROYALTY historical prices to predict the future DIVERSIFIED ROYALTY's volatility.| Risk Adjusted Performance | 0.0806 | |||
| Jensen Alpha | 0.2087 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.0459 | |||
| Treynor Ratio | 0.6206 |
DIVERSIFIED ROYALTY Backtested Returns
DIVERSIFIED ROYALTY appears to be very risky, given 3 months investment horizon. DIVERSIFIED ROYALTY secures Sharpe Ratio (or Efficiency) of 0.0933, which denotes the company had a 0.0933% return per unit of volatility over the last 3 months. We have found thirty technical indicators for DIVERSIFIED ROYALTY, which you can use to evaluate the volatility of the firm. Please utilize DIVERSIFIED ROYALTY's Market Risk Adjusted Performance of 0.6306, downside deviation of 3.01, and Mean Deviation of 2.13 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, DIVERSIFIED ROYALTY holds a performance score of 7. The firm shows a Beta (market volatility) of 0.42, which means possible diversification benefits within a given portfolio. As returns on the market increase, DIVERSIFIED ROYALTY's returns are expected to increase less than the market. However, during the bear market, the loss of holding DIVERSIFIED ROYALTY is expected to be smaller as well. Please check DIVERSIFIED ROYALTY's treynor ratio, downside variance, kurtosis, as well as the relationship between the value at risk and expected short fall , to make a quick decision on whether DIVERSIFIED ROYALTY's price patterns will revert.
Auto-correlation | -0.23 |
Weak reverse predictability
DIVERSIFIED ROYALTY has weak reverse predictability. Overlapping area represents the amount of predictability between DIVERSIFIED ROYALTY time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 DIVERSIFIED ROYALTY price movement. The serial correlation of -0.23 indicates that over 23.0% of current DIVERSIFIED ROYALTY price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
DIVERSIFIED ROYALTY lagged returns against current returns
Autocorrelation, which is DIVERSIFIED ROYALTY 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 DIVERSIFIED ROYALTY's stock expected returns. We can calculate the autocorrelation of DIVERSIFIED ROYALTY returns to help us make a trade decision. For example, suppose you find that DIVERSIFIED ROYALTY 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 |
DIVERSIFIED ROYALTY 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 DIVERSIFIED ROYALTY stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DIVERSIFIED ROYALTY stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DIVERSIFIED ROYALTY stock over time.
Current vs Lagged Prices |
| Timeline |
DIVERSIFIED ROYALTY Lagged Returns
When evaluating DIVERSIFIED ROYALTY's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DIVERSIFIED ROYALTY stock have on its future price. DIVERSIFIED ROYALTY 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, DIVERSIFIED ROYALTY autocorrelation shows the relationship between DIVERSIFIED ROYALTY stock current value and its past values and can show if there is a momentum factor associated with investing in DIVERSIFIED ROYALTY.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in DIVERSIFIED Stock
DIVERSIFIED ROYALTY financial ratios help investors to determine whether DIVERSIFIED 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 DIVERSIFIED with respect to the benefits of owning DIVERSIFIED ROYALTY security.