Dime Community Bancshares Preferred Stock Market Value
| DCOMP Preferred Stock | USD 20.60 0.01 0.05% |
| Symbol | Dime |
Dime Community '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 Dime Community's preferred 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 Dime Community.
| 09/03/2024 |
| 01/31/2025 |
If you would invest 0.00 in Dime Community on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Dime Community Bancshares or generate 0.0% return on investment in Dime Community over 150 days. Dime Community is related to or competes with First Citizens, Fifth Third, OceanFirst Financial, Fifth Third, and Valley National. Dime Community Bancshares, Inc. operates as the holding company for Dime Community Bank that provides various commercial... More
Dime Community 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 Dime Community's preferred 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 Dime Community Bancshares upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.18 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 6.61 | |||
| Value At Risk | (1.94) | |||
| Potential Upside | 1.95 |
Dime Community Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dime Community's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dime Community's standard deviation. In reality, there are many statistical measures that can use Dime Community historical prices to predict the future Dime Community's volatility.| Risk Adjusted Performance | 0.0619 | |||
| Jensen Alpha | 0.0591 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.4286 |
Dime Community Bancshares Backtested Returns
Currently, Dime Community Bancshares is very steady. Dime Community Bancshares secures Sharpe Ratio (or Efficiency) of 0.041, which denotes the company had a 0.041 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Dime Community Bancshares, which you can use to evaluate the volatility of the firm. Please confirm Dime Community's Coefficient Of Variation of 1418.95, downside deviation of 1.18, and Mean Deviation of 0.8303 to check if the risk estimate we provide is consistent with the expected return of 0.052%. Dime Community has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.17, which means not very significant fluctuations relative to the market. As returns on the market increase, Dime Community's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dime Community is expected to be smaller as well. Dime Community Bancshares right now shows a risk of 1.27%. Please confirm Dime Community Bancshares downside variance, and the relationship between the sortino ratio and accumulation distribution , to decide if Dime Community Bancshares will be following its price patterns.
Auto-correlation | 0.01 |
Virtually no predictability
Dime Community Bancshares has virtually no predictability. Overlapping area represents the amount of predictability between Dime Community time series from 3rd of September 2024 to 17th of November 2024 and 17th of November 2024 to 31st of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Dime Community Bancshares price movement. The serial correlation of 0.01 indicates that just 1.0% of current Dime Community price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.26 |
Dime Community Bancshares lagged returns against current returns
Autocorrelation, which is Dime Community preferred 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 Dime Community's preferred stock expected returns. We can calculate the autocorrelation of Dime Community returns to help us make a trade decision. For example, suppose you find that Dime Community has exhibited high autocorrelation historically, and you observe that the preferred 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 |
Dime Community 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 Dime Community preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dime Community preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dime Community preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Dime Community Lagged Returns
When evaluating Dime Community's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dime Community preferred stock have on its future price. Dime Community 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, Dime Community autocorrelation shows the relationship between Dime Community preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Dime Community Bancshares.
Regressed Prices |
| Timeline |
Pair Trading with Dime Community
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 Dime Community 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 Dime Community will appreciate offsetting losses from the drop in the long position's value.Moving against Dime Preferred Stock
| 0.52 | ECBK | ECB Bancorp | PairCorr |
| 0.39 | VABK | Virginia National | PairCorr |
| 0.38 | VBTX | Veritex Holdings | PairCorr |
| 0.33 | EGBN | Eagle Bancorp | PairCorr |
| 0.31 | EBMT | Eagle Bancorp Montana | PairCorr |
The ability to find closely correlated positions to Dime Community could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dime Community 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 Dime Community - 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 Dime Community Bancshares to buy it.
The correlation of Dime Community 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 Dime Community moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dime Community Bancshares 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 Dime Community 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.Additional Tools for Dime Preferred Stock Analysis
When running Dime Community's price analysis, check to measure Dime Community's 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 Dime Community is operating at the current time. Most of Dime Community's value examination focuses on studying past and present price action to predict the probability of Dime Community's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dime Community's price. Additionally, you may evaluate how the addition of Dime Community to your portfolios can decrease your overall portfolio volatility.