Ducommun Incorporated Stock Market Value
| DCO Stock | USD 66.28 1.13 1.73% |
| Symbol | Ducommun |
Ducommun Incorporated Price To Book Ratio
Is Aerospace & Defense 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 Ducommun Incorporated. If investors know Ducommun 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 Ducommun Incorporated 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 2.05 | Earnings Share 2 | Revenue Per Share 53.056 | Quarterly Revenue Growth 0.026 | Return On Assets 0.0333 |
The market value of Ducommun Incorporated is measured differently than its book value, which is the value of Ducommun that is recorded on the company's balance sheet. Investors also form their own opinion of Ducommun Incorporated's value that differs from its market value or its book value, called intrinsic value, which is Ducommun Incorporated's 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 Ducommun Incorporated's market value can be influenced by many factors that don't directly affect Ducommun Incorporated's 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 Ducommun Incorporated's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ducommun Incorporated is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ducommun Incorporated's 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.
Ducommun Incorporated '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 Ducommun Incorporated'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 Ducommun Incorporated.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Ducommun Incorporated on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Ducommun Incorporated or generate 0.0% return on investment in Ducommun Incorporated over 720 days. Ducommun Incorporated is related to or competes with Innovative Solutions, National Presto, Astronics, Park Electrochemical, VSE, Woodward, and Hexcel. Ducommun Incorporated provides engineering and manufacturing products and services primarily to the aerospace and defens... More
Ducommun Incorporated 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 Ducommun Incorporated'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 Ducommun Incorporated upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.62 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 8.32 | |||
| Value At Risk | (2.30) | |||
| Potential Upside | 2.9 |
Ducommun Incorporated Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ducommun Incorporated's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ducommun Incorporated's standard deviation. In reality, there are many statistical measures that can use Ducommun Incorporated historical prices to predict the future Ducommun Incorporated's volatility.| Risk Adjusted Performance | 0.0313 | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0293 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ducommun Incorporated's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Ducommun Incorporated Backtested Returns
As of now, Ducommun Stock is very steady. Ducommun Incorporated secures Sharpe Ratio (or Efficiency) of 0.0311, which denotes the company had a 0.0311% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Ducommun Incorporated, which you can use to evaluate the volatility of the firm. Please confirm Ducommun Incorporated's Semi Deviation of 1.53, mean deviation of 1.28, and Downside Deviation of 1.62 to check if the risk estimate we provide is consistent with the expected return of 0.0553%. Ducommun Incorporated has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.66, 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, Ducommun Incorporated will likely underperform. Ducommun Incorporated right now shows a risk of 1.78%. Please confirm Ducommun Incorporated potential upside, rate of daily change, and the relationship between the sortino ratio and skewness , to decide if Ducommun Incorporated will be following its price patterns.
Auto-correlation | -0.7 |
Very good reverse predictability
Ducommun Incorporated has very good reverse predictability. Overlapping area represents the amount of predictability between Ducommun Incorporated time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 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 Ducommun Incorporated price movement. The serial correlation of -0.7 indicates that around 70.0% of current Ducommun Incorporated price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 37.05 |
Ducommun Incorporated lagged returns against current returns
Autocorrelation, which is Ducommun Incorporated 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 Ducommun Incorporated's stock expected returns. We can calculate the autocorrelation of Ducommun Incorporated returns to help us make a trade decision. For example, suppose you find that Ducommun Incorporated 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 |
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Ducommun Incorporated 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 Ducommun Incorporated stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ducommun Incorporated stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ducommun Incorporated stock over time.
Current vs Lagged Prices |
| Timeline |
Ducommun Incorporated Lagged Returns
When evaluating Ducommun Incorporated's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ducommun Incorporated stock have on its future price. Ducommun Incorporated 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, Ducommun Incorporated autocorrelation shows the relationship between Ducommun Incorporated stock current value and its past values and can show if there is a momentum factor associated with investing in Ducommun Incorporated.
Regressed Prices |
| Timeline |
Pair Trading with Ducommun Incorporated
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 Ducommun Incorporated 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 Ducommun Incorporated will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Ducommun Incorporated could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ducommun Incorporated 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 Ducommun Incorporated - 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 Ducommun Incorporated to buy it.
The correlation of Ducommun Incorporated 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 Ducommun Incorporated moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ducommun Incorporated 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 Ducommun Incorporated 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.Check out Ducommun Incorporated Correlation, Ducommun Incorporated Volatility and Ducommun Incorporated Alpha and Beta module to complement your research on Ducommun Incorporated. To learn how to invest in Ducommun Stock, please use our How to Invest in Ducommun Incorporated guide.You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Ducommun Incorporated technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.