Daikin Industries Ltd Stock Market Value
| DKILY Stock | USD 11.70 0.04 0.34% |
| Symbol | Daikin |
Daikin 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 Daikin Industries' pink sheet 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 Daikin Industries.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in Daikin Industries on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Daikin Industries Ltd or generate 0.0% return on investment in Daikin Industries over 360 days. Daikin Industries is related to or competes with Trane Technologies, Carrier Global, Johnson Controls, Daikin IndustriesLtd, Compagnie, and Lennox International. Daikin Industries,Ltd. manufactures, distributes, and sells air-conditioning and refrigeration equipment, and chemical p... More
Daikin 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 Daikin Industries' pink sheet 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 Daikin Industries Ltd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 11.45 | |||
| Value At Risk | (3.22) | |||
| Potential Upside | 3.09 |
Daikin Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Daikin Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Daikin Industries' standard deviation. In reality, there are many statistical measures that can use Daikin Industries historical prices to predict the future Daikin Industries' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | 0.1809 |
Daikin Industries Backtested Returns
Daikin Industries secures Sharpe Ratio (or Efficiency) of -0.0538, which denotes the company had a -0.0538% return per unit of risk over the last 3 months. Daikin Industries Ltd exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Daikin Industries' Mean Deviation of 1.53, standard deviation of 2.02, and Variance of 4.08 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.25, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Daikin Industries are expected to decrease at a much lower rate. During the bear market, Daikin Industries is likely to outperform the market. At this point, Daikin Industries has a negative expected return of -0.1%. Please make sure to confirm Daikin Industries' coefficient of variation, value at risk, as well as the relationship between the Value At Risk and rate of daily change , to decide if Daikin Industries performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.50 |
Modest predictability
Daikin Industries Ltd has modest predictability. Overlapping area represents the amount of predictability between Daikin Industries time series from 28th of November 2023 to 26th of May 2024 and 26th of May 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 Daikin Industries price movement. The serial correlation of 0.5 indicates that about 50.0% of current Daikin Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 1.15 |
Daikin Industries lagged returns against current returns
Autocorrelation, which is Daikin Industries pink sheet'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 Daikin Industries' pink sheet expected returns. We can calculate the autocorrelation of Daikin Industries returns to help us make a trade decision. For example, suppose you find that Daikin Industries has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Daikin 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 Daikin Industries pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Daikin Industries pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Daikin Industries pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Daikin Industries Lagged Returns
When evaluating Daikin Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Daikin Industries pink sheet have on its future price. Daikin 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, Daikin Industries autocorrelation shows the relationship between Daikin Industries pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Daikin Industries Ltd.
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.Additional Tools for Daikin Pink Sheet Analysis
When running Daikin Industries' price analysis, check to measure Daikin 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 Daikin Industries is operating at the current time. Most of Daikin Industries' value examination focuses on studying past and present price action to predict the probability of Daikin Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Daikin Industries' price. Additionally, you may evaluate how the addition of Daikin Industries to your portfolios can decrease your overall portfolio volatility.