Doman Building Materials Stock Market Value
| DBM Stock | 9.65 0.12 1.23% |
| Symbol | Doman |
Doman Building Materials Price To Book Ratio
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 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 Doman Building.
| 02/01/2024 |
| 11/27/2024 |
If you would invest 0.00 in Doman Building on February 1, 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 300 days. Doman Building is related to or competes with Alaris Equity, Timbercreek Financial, Fiera Capital, Diversified Royalty, and MCAN Mortgage. Doman Building is entity of Canada. It is traded as Stock on TO exchange. 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 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 Doman Building Materials upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.02 | |||
| Information Ratio | 0.2071 | |||
| Maximum Drawdown | 13.09 | |||
| Value At Risk | (1.29) | |||
| Potential Upside | 2.22 |
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 | 0.2167 | |||
| Jensen Alpha | 0.4863 | |||
| Total Risk Alpha | 0.2148 | |||
| Sortino Ratio | 0.3875 | |||
| Treynor Ratio | 2.2 |
Doman Building Materials Backtested Returns
Doman Building appears to be not too volatile, given 3 months investment horizon. Doman Building Materials secures Sharpe Ratio (or Efficiency) of 0.28, which denotes the company had a 0.28% return per unit of risk over the last 3 months. By reviewing Doman Building's technical indicators, you can evaluate if the expected return of 0.53% is justified by implied risk. Please utilize Doman Building's Mean Deviation of 1.24, coefficient of variation of 362.77, and Downside Deviation of 1.02 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 21. The firm shows a Beta (market volatility) of 0.23, which means not very significant fluctuations relative to the market. 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 jensen alpha, potential upside, accumulation distribution, as well as the relationship between the treynor ratio and expected short fall , to make a quick decision on whether Doman Building's price patterns will revert.
Auto-correlation | -0.76 |
Almost perfect reverse predictability
Doman Building Materials has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Doman Building time series from 1st of February 2024 to 30th of June 2024 and 30th of June 2024 to 27th 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 Doman Building Materials price movement. The serial correlation of -0.76 indicates that around 76.0% of current Doman Building price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.76 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 1.01 |
Doman Building Materials lagged returns against current returns
Autocorrelation, which is Doman Building 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 Doman Building's stock 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 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 |
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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Doman Building stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Doman Building stock 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 stock 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 stock 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 |
Pair Trading with Doman Building
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Doman Building position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Doman Building will appreciate offsetting losses from the drop in the long position's value.Moving together with Doman Stock
The ability to find closely correlated positions to Doman Building could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Doman Building when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Doman Building - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Doman Building Materials to buy it.
The correlation of Doman Building is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Doman Building moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Doman Building Materials moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Doman Building can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Doman Stock
Doman Building financial ratios help investors to determine whether Doman 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 Doman with respect to the benefits of owning Doman Building security.