Dundee Stock Market Value
| DC-A Stock | CAD 4.13 0.13 3.25% |
| Symbol | Dundee |
Dundee Price To Book Ratio
Dundee '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 Dundee'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 Dundee.
| 01/18/2024 |
| 01/07/2026 |
If you would invest 0.00 in Dundee on January 18, 2024 and sell it all today you would earn a total of 0.00 from holding Dundee or generate 0.0% return on investment in Dundee over 720 days. Dundee is related to or competes with Corby Spirit, High Liner, Andrew Peller, and Andrew Peller. Through its operating subsidiaries, the firm is engaged in diverse business activities in the areas of investment adviso... More
Dundee 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 Dundee'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 Dundee upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 15.57 | |||
| Value At Risk | (5.25) | |||
| Potential Upside | 6.27 |
Dundee Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dundee's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dundee's standard deviation. In reality, there are many statistical measures that can use Dundee historical prices to predict the future Dundee's volatility.| Risk Adjusted Performance | 0.0017 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | (0.10) |
Dundee Backtested Returns
As of now, Dundee Stock is relatively risky. Dundee secures Sharpe Ratio (or Efficiency) of 0.0362, which denotes the company had a 0.0362 % return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Dundee, which you can use to evaluate the volatility of the firm. Please confirm Dundee's Standard Deviation of 3.24, mean deviation of 2.51, and Variance of 10.51 to check if the risk estimate we provide is consistent with the expected return of 0.12%. Dundee has a performance score of 2 on a scale of 0 to 100. 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, Dundee's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dundee is expected to be smaller as well. Dundee right now shows a risk of 3.26%. Please confirm Dundee treynor ratio, potential upside, and the relationship between the total risk alpha and maximum drawdown , to decide if Dundee will be following its price patterns.
Auto-correlation | 0.80 |
Very good predictability
Dundee has very good predictability. Overlapping area represents the amount of predictability between Dundee time series from 18th of January 2024 to 12th of January 2025 and 12th of January 2025 to 7th of January 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Dundee price movement. The serial correlation of 0.8 indicates that around 80.0% of current Dundee price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.87 | |
| Residual Average | 0.0 | |
| Price Variance | 0.64 |
Dundee lagged returns against current returns
Autocorrelation, which is Dundee 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 Dundee's stock expected returns. We can calculate the autocorrelation of Dundee returns to help us make a trade decision. For example, suppose you find that Dundee 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 |
Dundee 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 Dundee stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dundee stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dundee stock over time.
Current vs Lagged Prices |
| Timeline |
Dundee Lagged Returns
When evaluating Dundee's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dundee stock have on its future price. Dundee 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, Dundee autocorrelation shows the relationship between Dundee stock current value and its past values and can show if there is a momentum factor associated with investing in Dundee.
Regressed Prices |
| Timeline |
Pair Trading with Dundee
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 Dundee 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 Dundee will appreciate offsetting losses from the drop in the long position's value.Moving against Dundee Stock
The ability to find closely correlated positions to Dundee could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dundee 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 Dundee - 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 Dundee to buy it.
The correlation of Dundee 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 Dundee moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dundee 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 Dundee 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 Dundee Stock
Dundee financial ratios help investors to determine whether Dundee 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 Dundee with respect to the benefits of owning Dundee security.