Doman Building Materials Stock Market Value
| CWXZF Stock | USD 6.70 0.07 1.03% |
| Symbol | Doman |
Doman Building '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 Doman Building's pink sheet 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 Doman Building.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Doman Building on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Doman Building Materials or generate 0.0% return on investment in Doman Building over 30 days. Doman Building is related to or competes with Finning International, Toromont Industries, Aecon, BTB Real, Artis REIT, and Chartwell Retirement. Doman Building Materials Group Ltd. distributes building materials and related products in Canada, the United States, an... More
Doman Building 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 Doman Building's pink sheet 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 Doman Building Materials upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.0 | |||
| Information Ratio | 0.1377 | |||
| Maximum Drawdown | 17.35 | |||
| Value At Risk | (1.93) | |||
| Potential Upside | 2.87 |
Doman Building Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Doman Building's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Doman Building's standard deviation. In reality, there are many statistical measures that can use Doman Building historical prices to predict the future Doman Building's volatility.| Risk Adjusted Performance | 0.1458 | |||
| Jensen Alpha | 0.386 | |||
| Total Risk Alpha | 0.0673 | |||
| Sortino Ratio | 0.157 | |||
| Treynor Ratio | 1.17 |
Doman Building Materials Backtested Returns
Doman Building appears to be somewhat reliable, given 3 months investment horizon. Doman Building Materials secures Sharpe Ratio (or Efficiency) of 0.2, which denotes the company had a 0.2% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Doman Building Materials, which you can use to evaluate the volatility of the firm. Please utilize Doman Building's Coefficient Of Variation of 519.78, mean deviation of 1.39, and Downside Deviation of 2.0 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Doman Building holds a performance score of 15. The firm shows a Beta (market volatility) of 0.36, which means possible diversification benefits within a given portfolio. As returns on the market increase, Doman Building's returns are expected to increase less than the market. However, during the bear market, the loss of holding Doman Building is expected to be smaller as well. Please check Doman Building's downside variance, and the relationship between the sortino ratio and accumulation distribution , to make a quick decision on whether Doman Building's price patterns will revert.
Auto-correlation | -0.52 |
Good reverse predictability
Doman Building Materials has good reverse predictability. Overlapping area represents the amount of predictability between Doman Building time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Doman Building Materials price movement. The serial correlation of -0.52 indicates that about 52.0% of current Doman Building price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Doman Building Materials lagged returns against current returns
Autocorrelation, which is Doman Building pink sheet'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 Doman Building's pink sheet expected returns. We can calculate the autocorrelation of Doman Building returns to help us make a trade decision. For example, suppose you find that Doman Building has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Doman Building 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 Doman Building pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Doman Building pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Doman Building pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Doman Building Lagged Returns
When evaluating Doman Building's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Doman Building pink sheet have on its future price. Doman Building 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, Doman Building autocorrelation shows the relationship between Doman Building pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Doman Building Materials.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Doman Pink Sheet
Doman Building financial ratios help investors to determine whether Doman Pink Sheet 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 Doman with respect to the benefits of owning Doman Building security.