Daktronics Stock Market Value
| DAKT Stock | USD 14.88 0.54 3.77% |
| Symbol | Daktronics |
Daktronics Price To Book Ratio
Is Electronic Equipment, Instruments & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Daktronics. If investors know Daktronics will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Daktronics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.90) | Earnings Share 0.21 | Revenue Per Share 17.618 | Quarterly Revenue Growth (0.03) | Return On Assets 0.0819 |
The market value of Daktronics is measured differently than its book value, which is the value of Daktronics that is recorded on the company's balance sheet. Investors also form their own opinion of Daktronics' value that differs from its market value or its book value, called intrinsic value, which is Daktronics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Daktronics' market value can be influenced by many factors that don't directly affect Daktronics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Daktronics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Daktronics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Daktronics' 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.
Daktronics '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 Daktronics' 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 Daktronics.
| 02/29/2024 |
| 11/25/2024 |
If you would invest 0.00 in Daktronics on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding Daktronics or generate 0.0% return on investment in Daktronics over 270 days. Daktronics is related to or competes with Plexus Corp, OSI Systems, CTS, Benchmark Electronics, LSI Industries, Bel Fuse, and Bel Fuse. Daktronics, Inc. designs, manufactures, markets, and sells electronic display systems and related products worldwide More
Daktronics 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 Daktronics' 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 Daktronics upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.83 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 13.8 | |||
| Value At Risk | (4.61) | |||
| Potential Upside | 3.77 |
Daktronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Daktronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Daktronics' standard deviation. In reality, there are many statistical measures that can use Daktronics historical prices to predict the future Daktronics' volatility.| Risk Adjusted Performance | 0.0097 | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.41) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0.0007) |
Daktronics Backtested Returns
Daktronics secures Sharpe Ratio (or Efficiency) of -0.006, which denotes the company had a -0.006% return per unit of risk over the last 3 months. Daktronics exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Daktronics' Mean Deviation of 1.9, coefficient of variation of 29622.02, and Downside Deviation of 2.83 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.55, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Daktronics will likely underperform. At this point, Daktronics has a negative expected return of -0.0155%. Please make sure to confirm Daktronics' downside variance, and the relationship between the sortino ratio and accumulation distribution , to decide if Daktronics performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.03 |
Virtually no predictability
Daktronics has virtually no predictability. Overlapping area represents the amount of predictability between Daktronics time series from 29th of February 2024 to 13th of July 2024 and 13th of July 2024 to 25th 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 Daktronics price movement. The serial correlation of 0.03 indicates that only 3.0% of current Daktronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 1.14 |
Daktronics lagged returns against current returns
Autocorrelation, which is Daktronics 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 Daktronics' stock expected returns. We can calculate the autocorrelation of Daktronics returns to help us make a trade decision. For example, suppose you find that Daktronics 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 |
Daktronics 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 Daktronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Daktronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Daktronics stock over time.
Current vs Lagged Prices |
| Timeline |
Daktronics Lagged Returns
When evaluating Daktronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Daktronics stock have on its future price. Daktronics 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, Daktronics autocorrelation shows the relationship between Daktronics stock current value and its past values and can show if there is a momentum factor associated with investing in Daktronics.
Regressed Prices |
| Timeline |
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Additional Tools for Daktronics Stock Analysis
When running Daktronics' price analysis, check to measure Daktronics' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Daktronics is operating at the current time. Most of Daktronics' value examination focuses on studying past and present price action to predict the probability of Daktronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Daktronics' price. Additionally, you may evaluate how the addition of Daktronics to your portfolios can decrease your overall portfolio volatility.