Doubledown Interactive Co Stock Market Value
| DDI Stock | USD 14.32 0.31 2.12% |
| Symbol | Doubledown |
Doubledown Interactive Price To Book Ratio
Is Movies & Entertainment 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 Doubledown Interactive. If investors know Doubledown 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 Doubledown Interactive 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 (0.07) | Earnings Share 2.31 | Revenue Per Share 6.911 | Quarterly Revenue Growth 0.137 | Return On Assets 0.1052 |
The market value of Doubledown Interactive is measured differently than its book value, which is the value of Doubledown that is recorded on the company's balance sheet. Investors also form their own opinion of Doubledown Interactive's value that differs from its market value or its book value, called intrinsic value, which is Doubledown Interactive'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 Doubledown Interactive's market value can be influenced by many factors that don't directly affect Doubledown Interactive'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 Doubledown Interactive's value and its price as these two are different measures arrived at by different means. Investors typically determine if Doubledown Interactive is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Doubledown Interactive'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.
Doubledown Interactive '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 Doubledown Interactive'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 Doubledown Interactive.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Doubledown Interactive on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Doubledown Interactive Co or generate 0.0% return on investment in Doubledown Interactive over 30 days. Doubledown Interactive is related to or competes with GDEV, and Arqit Quantum. DoubleDown Interactive Co., Ltd. engages in the development and publishing of digital games on mobile and web-based plat... More
Doubledown Interactive 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 Doubledown Interactive'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 Doubledown Interactive Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.24 | |||
| Information Ratio | 0.0026 | |||
| Maximum Drawdown | 22.06 | |||
| Value At Risk | (4.71) | |||
| Potential Upside | 4.94 |
Doubledown Interactive Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Doubledown Interactive's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Doubledown Interactive's standard deviation. In reality, there are many statistical measures that can use Doubledown Interactive historical prices to predict the future Doubledown Interactive's volatility.| Risk Adjusted Performance | 0.031 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.29) | |||
| Sortino Ratio | 0.0028 | |||
| Treynor Ratio | 0.0708 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Doubledown Interactive'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.
Doubledown Interactive Backtested Returns
Doubledown Interactive is not too volatile at the moment. Doubledown Interactive secures Sharpe Ratio (or Efficiency) of 0.0036, which denotes the company had a 0.0036% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Doubledown Interactive Co, which you can use to evaluate the volatility of the firm. Please confirm Doubledown Interactive's Coefficient Of Variation of 3239.68, mean deviation of 2.48, and Downside Deviation of 3.24 to check if the risk estimate we provide is consistent with the expected return of 0.0125%. The firm shows a Beta (market volatility) of 1.33, 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, Doubledown Interactive will likely underperform. Doubledown Interactive right now shows a risk of 3.42%. Please confirm Doubledown Interactive expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to decide if Doubledown Interactive will be following its price patterns.
Auto-correlation | -0.73 |
Almost perfect reverse predictability
Doubledown Interactive Co has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Doubledown Interactive time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Doubledown Interactive price movement. The serial correlation of -0.73 indicates that around 73.0% of current Doubledown Interactive price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.73 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.69 |
Doubledown Interactive lagged returns against current returns
Autocorrelation, which is Doubledown Interactive 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 Doubledown Interactive's stock expected returns. We can calculate the autocorrelation of Doubledown Interactive returns to help us make a trade decision. For example, suppose you find that Doubledown Interactive 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 |
Doubledown Interactive 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 Doubledown Interactive stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Doubledown Interactive stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Doubledown Interactive stock over time.
Current vs Lagged Prices |
| Timeline |
Doubledown Interactive Lagged Returns
When evaluating Doubledown Interactive's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Doubledown Interactive stock have on its future price. Doubledown Interactive 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, Doubledown Interactive autocorrelation shows the relationship between Doubledown Interactive stock current value and its past values and can show if there is a momentum factor associated with investing in Doubledown Interactive Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Doubledown Interactive offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Doubledown Interactive's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Doubledown Interactive Co Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Doubledown Interactive Co Stock:Check out Doubledown Interactive Correlation, Doubledown Interactive Volatility and Doubledown Interactive Alpha and Beta module to complement your research on Doubledown Interactive. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Doubledown Interactive 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.