Den Networks (India) Market Value
| DEN Stock | 44.64 0.12 0.27% |
| Symbol | Den |
Den Networks '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 Den Networks' 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 Den Networks.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Den Networks on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Den Networks Limited or generate 0.0% return on investment in Den Networks over 30 days. Den Networks is related to or competes with Nazara Technologies, Orient Technologies, Som Distilleries, Sasken Technologies, TPL Plastech, VA Tech, and PYRAMID TECHNOPLAST. Den Networks is entity of India. It is traded as Stock on NSE exchange. More
Den Networks 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 Den Networks' 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 Den Networks Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 11.46 | |||
| Value At Risk | (3.79) | |||
| Potential Upside | 3.58 |
Den Networks Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Den Networks' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Den Networks' standard deviation. In reality, there are many statistical measures that can use Den Networks historical prices to predict the future Den Networks' volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | (0.61) | |||
| Treynor Ratio | (0.45) |
Den Networks Limited Backtested Returns
Den Networks Limited secures Sharpe Ratio (or Efficiency) of -0.092, which denotes the company had a -0.092% return per unit of risk over the last 3 months. Den Networks Limited exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Den Networks' Variance of 5.04, standard deviation of 2.24, and Mean Deviation of 1.69 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.53, which means possible diversification benefits within a given portfolio. As returns on the market increase, Den Networks' returns are expected to increase less than the market. However, during the bear market, the loss of holding Den Networks is expected to be smaller as well. At this point, Den Networks Limited has a negative expected return of -0.21%. Please make sure to confirm Den Networks' treynor ratio, skewness, rate of daily change, as well as the relationship between the value at risk and accumulation distribution , to decide if Den Networks Limited performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.91 |
Near perfect reversele predictability
Den Networks Limited has near perfect reversele predictability. Overlapping area represents the amount of predictability between Den Networks time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 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 Den Networks Limited price movement. The serial correlation of -0.91 indicates that approximately 91.0% of current Den Networks price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.91 | |
| Spearman Rank Test | -0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 0.47 |
Den Networks Limited lagged returns against current returns
Autocorrelation, which is Den Networks 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 Den Networks' stock expected returns. We can calculate the autocorrelation of Den Networks returns to help us make a trade decision. For example, suppose you find that Den Networks 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 |
Den Networks 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 Den Networks stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Den Networks stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Den Networks stock over time.
Current vs Lagged Prices |
| Timeline |
Den Networks Lagged Returns
When evaluating Den Networks' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Den Networks stock have on its future price. Den Networks 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, Den Networks autocorrelation shows the relationship between Den Networks stock current value and its past values and can show if there is a momentum factor associated with investing in Den Networks Limited.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Den Stock
Den Networks financial ratios help investors to determine whether Den 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 Den with respect to the benefits of owning Den Networks security.