Dorel Industries Stock Market Value
| DII-B Stock | CAD 3.86 0.05 1.28% |
| Symbol | Dorel |
Dorel Industries Price To Book Ratio
Dorel Industries '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 Dorel Industries' 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 Dorel Industries.
| 11/17/2024 |
| 12/17/2024 |
If you would invest 0.00 in Dorel Industries on November 17, 2024 and sell it all today you would earn a total of 0.00 from holding Dorel Industries or generate 0.0% return on investment in Dorel Industries over 30 days. Dorel Industries is related to or competes with Stella Jones, Winpak, Gildan Activewear, and Ritchie Bros. Dorel Industries Inc. designs, manufactures, sources, markets, and distributes juvenile products, bicycles, and furnitur... More
Dorel Industries 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 Dorel Industries' 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 Dorel Industries upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.34) | |||
| Maximum Drawdown | 12.04 | |||
| Value At Risk | (5.30) | |||
| Potential Upside | 1.86 |
Dorel Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dorel Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dorel Industries' standard deviation. In reality, there are many statistical measures that can use Dorel Industries historical prices to predict the future Dorel Industries' volatility.| Risk Adjusted Performance | (0.21) | |||
| Jensen Alpha | (0.77) | |||
| Total Risk Alpha | (0.99) | |||
| Treynor Ratio | (1.68) |
Dorel Industries Backtested Returns
Dorel Industries secures Sharpe Ratio (or Efficiency) of -0.31, which denotes the company had a -0.31% return per unit of risk over the last 3 months. Dorel Industries exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Dorel Industries' Mean Deviation of 1.74, standard deviation of 2.4, and Variance of 5.74 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.44, which means possible diversification benefits within a given portfolio. As returns on the market increase, Dorel Industries' returns are expected to increase less than the market. However, during the bear market, the loss of holding Dorel Industries is expected to be smaller as well. At this point, Dorel Industries has a negative expected return of -0.73%. Please make sure to confirm Dorel Industries' total risk alpha, maximum drawdown, skewness, as well as the relationship between the treynor ratio and potential upside , to decide if Dorel Industries performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.95 |
Near perfect reversele predictability
Dorel Industries has near perfect reversele predictability. Overlapping area represents the amount of predictability between Dorel Industries time series from 17th of November 2024 to 2nd of December 2024 and 2nd of December 2024 to 17th 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 Dorel Industries price movement. The serial correlation of -0.95 indicates that approximately 95.0% of current Dorel Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.95 | |
| Spearman Rank Test | -0.9 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Dorel Industries lagged returns against current returns
Autocorrelation, which is Dorel Industries 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 Dorel Industries' stock expected returns. We can calculate the autocorrelation of Dorel Industries returns to help us make a trade decision. For example, suppose you find that Dorel Industries 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 |
Dorel Industries 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 Dorel Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dorel Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dorel Industries stock over time.
Current vs Lagged Prices |
| Timeline |
Dorel Industries Lagged Returns
When evaluating Dorel Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dorel Industries stock have on its future price. Dorel Industries 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, Dorel Industries autocorrelation shows the relationship between Dorel Industries stock current value and its past values and can show if there is a momentum factor associated with investing in Dorel Industries.
Regressed Prices |
| Timeline |
Pair Trading with Dorel Industries
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 Dorel Industries 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 Dorel Industries will appreciate offsetting losses from the drop in the long position's value.Moving against Dorel Stock
| 0.87 | WMT | Walmart Inc CDR | PairCorr |
| 0.86 | TSLA | Tesla Inc CDR | PairCorr |
| 0.76 | AMZN | Amazon CDR | PairCorr |
| 0.67 | GOOG | Alphabet CDR | PairCorr |
| 0.63 | AAPL | Apple Inc CDR | PairCorr |
The ability to find closely correlated positions to Dorel Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dorel Industries 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 Dorel Industries - 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 Dorel Industries to buy it.
The correlation of Dorel Industries 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 Dorel Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dorel Industries 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 Dorel Industries 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.Additional Tools for Dorel Stock Analysis
When running Dorel Industries' price analysis, check to measure Dorel Industries' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Dorel Industries is operating at the current time. Most of Dorel Industries' value examination focuses on studying past and present price action to predict the probability of Dorel Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dorel Industries' price. Additionally, you may evaluate how the addition of Dorel Industries to your portfolios can decrease your overall portfolio volatility.