Dennys Corp Stock Market Value
| DENN Stock | USD 6.39 0.12 1.91% |
| Symbol | Dennys |
Dennys Corp Price To Book Ratio
Is Hotels, Restaurants & Leisure 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 Dennys Corp. If investors know Dennys 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 Dennys Corp 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 (0.14) | Earnings Share 0.33 | Revenue Per Share 8.566 | Quarterly Revenue Growth (0.02) | Return On Assets 0.0673 |
The market value of Dennys Corp is measured differently than its book value, which is the value of Dennys that is recorded on the company's balance sheet. Investors also form their own opinion of Dennys Corp's value that differs from its market value or its book value, called intrinsic value, which is Dennys Corp'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 Dennys Corp's market value can be influenced by many factors that don't directly affect Dennys Corp'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 Dennys Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Dennys Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dennys Corp'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.
Dennys Corp '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 Dennys Corp'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 Dennys Corp.
| 08/24/2024 |
| 11/22/2024 |
If you would invest 0.00 in Dennys Corp on August 24, 2024 and sell it all today you would earn a total of 0.00 from holding Dennys Corp or generate 0.0% return on investment in Dennys Corp over 90 days. Dennys Corp is related to or competes with Chipotle Mexican, Eshallgo, Amtech Systems, Gold Fields, Aegean Airlines, Dorian LPG, and Merck. Dennys Corporation, through its subsidiary, Dennys, Inc., owns and operates full-service restaurant chains under the Den... More
Dennys Corp 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 Dennys Corp'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 Dennys Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.96 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 26.32 | |||
| Value At Risk | (4.19) | |||
| Potential Upside | 5.26 |
Dennys Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dennys Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dennys Corp's standard deviation. In reality, there are many statistical measures that can use Dennys Corp historical prices to predict the future Dennys Corp's volatility.| Risk Adjusted Performance | 0.0278 | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.42) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.0527 |
Dennys Corp Backtested Returns
As of now, Dennys Stock is moderately volatile. Dennys Corp secures Sharpe Ratio (or Efficiency) of 0.0274, which denotes the company had a 0.0274% return per unit of risk over the last 3 months. We have found thirty technical indicators for Dennys Corp, which you can use to evaluate the volatility of the firm. Please confirm Dennys Corp's Downside Deviation of 3.96, coefficient of variation of 3872.53, and Mean Deviation of 2.47 to check if the risk estimate we provide is consistent with the expected return of 0.11%. Dennys Corp has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.74, 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, Dennys Corp will likely underperform. Dennys Corp right now shows a risk of 3.95%. Please confirm Dennys Corp semi variance, and the relationship between the treynor ratio and daily balance of power , to decide if Dennys Corp will be following its price patterns.
Auto-correlation | 0.51 |
Modest predictability
Dennys Corp has modest predictability. Overlapping area represents the amount of predictability between Dennys Corp time series from 24th of August 2024 to 8th of October 2024 and 8th of October 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 Dennys Corp price movement. The serial correlation of 0.51 indicates that about 51.0% of current Dennys Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
Dennys Corp lagged returns against current returns
Autocorrelation, which is Dennys Corp 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 Dennys Corp's stock expected returns. We can calculate the autocorrelation of Dennys Corp returns to help us make a trade decision. For example, suppose you find that Dennys Corp 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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Dennys Corp 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 Dennys Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dennys Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dennys Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Dennys Corp Lagged Returns
When evaluating Dennys Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dennys Corp stock have on its future price. Dennys Corp 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, Dennys Corp autocorrelation shows the relationship between Dennys Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Dennys Corp.
Regressed Prices |
| Timeline |
Pair Trading with Dennys Corp
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 Dennys Corp 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 Dennys Corp will appreciate offsetting losses from the drop in the long position's value.Moving against Dennys Stock
The ability to find closely correlated positions to Dennys Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dennys Corp 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 Dennys Corp - 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 Dennys Corp to buy it.
The correlation of Dennys Corp 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 Dennys Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dennys Corp 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 Dennys Corp 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 Dennys Corp Correlation, Dennys Corp Volatility and Dennys Corp Alpha and Beta module to complement your research on Dennys Corp. To learn how to invest in Dennys Stock, please use our How to Invest in Dennys Corp guide.You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Dennys Corp 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.