Distribuidora (Argentina) Market Value
| DGCU2 Stock | ARS 1,880 10.00 0.53% |
| Symbol | Distribuidora |
Distribuidora '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 Distribuidora'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 Distribuidora.
| 08/02/2023 |
| 11/24/2024 |
If you would invest 0.00 in Distribuidora on August 2, 2023 and sell it all today you would earn a total of 0.00 from holding Distribuidora de Gas or generate 0.0% return on investment in Distribuidora over 480 days. Distribuidora is related to or competes with Edesa Holding, American Express, United States, Capex SA, Central Puerto, Pfizer, and Dycasa SA. Distribuidora de Gas Cuyana S.A. engages in distribution of natural gas in Argentina More
Distribuidora 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 Distribuidora'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 Distribuidora de Gas upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.18 | |||
| Information Ratio | 0.1509 | |||
| Maximum Drawdown | 12.74 | |||
| Value At Risk | (2.94) | |||
| Potential Upside | 6.03 |
Distribuidora Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Distribuidora's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Distribuidora's standard deviation. In reality, there are many statistical measures that can use Distribuidora historical prices to predict the future Distribuidora's volatility.| Risk Adjusted Performance | 0.1618 | |||
| Jensen Alpha | 0.5143 | |||
| Total Risk Alpha | 0.1038 | |||
| Sortino Ratio | 0.1777 | |||
| Treynor Ratio | (10.27) |
Distribuidora de Gas Backtested Returns
Distribuidora appears to be very steady, given 3 months investment horizon. Distribuidora de Gas secures Sharpe Ratio (or Efficiency) of 0.21, which denotes the company had a 0.21% return per unit of risk over the last 3 months. By reviewing Distribuidora's technical indicators, you can evaluate if the expected return of 0.55% is justified by implied risk. Please utilize Distribuidora's Mean Deviation of 1.89, downside deviation of 2.18, and Coefficient Of Variation of 495.61 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Distribuidora holds a performance score of 16. The firm shows a Beta (market volatility) of -0.0495, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Distribuidora are expected to decrease at a much lower rate. During the bear market, Distribuidora is likely to outperform the market. Please check Distribuidora's treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Distribuidora's price patterns will revert.
Auto-correlation | 0.67 |
Good predictability
Distribuidora de Gas has good predictability. Overlapping area represents the amount of predictability between Distribuidora time series from 2nd of August 2023 to 29th of March 2024 and 29th of March 2024 to 24th 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 Distribuidora de Gas price movement. The serial correlation of 0.67 indicates that around 67.0% of current Distribuidora price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 35.6 K |
Distribuidora de Gas lagged returns against current returns
Autocorrelation, which is Distribuidora 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 Distribuidora's stock expected returns. We can calculate the autocorrelation of Distribuidora returns to help us make a trade decision. For example, suppose you find that Distribuidora 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 |
Distribuidora 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 Distribuidora stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Distribuidora stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Distribuidora stock over time.
Current vs Lagged Prices |
| Timeline |
Distribuidora Lagged Returns
When evaluating Distribuidora's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Distribuidora stock have on its future price. Distribuidora 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, Distribuidora autocorrelation shows the relationship between Distribuidora stock current value and its past values and can show if there is a momentum factor associated with investing in Distribuidora de Gas.
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 Distribuidora Stock
Distribuidora financial ratios help investors to determine whether Distribuidora 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 Distribuidora with respect to the benefits of owning Distribuidora security.