Delta Technologies (Hungary) Market Value
| DELTA Stock | 67.80 2.20 3.14% |
| Symbol | Delta |
Delta Technologies '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 Delta Technologies' 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 Delta Technologies.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Delta Technologies on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Delta Technologies Nyrt or generate 0.0% return on investment in Delta Technologies over 30 days. Delta Technologies is related to or competes with CIG Pannonia, Nutex Investments, AKKO Invest, and Raba Jarmuipari. More
Delta Technologies 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 Delta Technologies' 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 Delta Technologies Nyrt upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 11.73 | |||
| Value At Risk | (2.17) | |||
| Potential Upside | 2.52 |
Delta Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Delta Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Delta Technologies' standard deviation. In reality, there are many statistical measures that can use Delta Technologies historical prices to predict the future Delta Technologies' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | (0.43) |
Delta Technologies Nyrt Backtested Returns
Delta Technologies Nyrt secures Sharpe Ratio (or Efficiency) of -0.0443, which denotes the company had a -0.0443% return per unit of risk over the last 3 months. Delta Technologies Nyrt exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Delta Technologies' Standard Deviation of 1.8, mean deviation of 1.1, and Variance of 3.26 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.16, which means not very significant fluctuations relative to the market. As returns on the market increase, Delta Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding Delta Technologies is expected to be smaller as well. At this point, Delta Technologies Nyrt has a negative expected return of -0.0809%. Please make sure to confirm Delta Technologies' treynor ratio, accumulation distribution, period momentum indicator, as well as the relationship between the potential upside and day median price , to decide if Delta Technologies Nyrt performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.34 |
Below average predictability
Delta Technologies Nyrt has below average predictability. Overlapping area represents the amount of predictability between Delta Technologies time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Delta Technologies Nyrt price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Delta Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.43 |
Delta Technologies Nyrt lagged returns against current returns
Autocorrelation, which is Delta Technologies 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 Delta Technologies' stock expected returns. We can calculate the autocorrelation of Delta Technologies returns to help us make a trade decision. For example, suppose you find that Delta Technologies 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 |
Delta Technologies 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 Delta Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Delta Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Delta Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Delta Technologies Lagged Returns
When evaluating Delta Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Delta Technologies stock have on its future price. Delta Technologies 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, Delta Technologies autocorrelation shows the relationship between Delta Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Delta Technologies Nyrt.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Delta Stock
Delta Technologies financial ratios help investors to determine whether Delta 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 Delta with respect to the benefits of owning Delta Technologies security.