Diamond Discov Intl Stock Market Value
| DMDD Stock | USD 0.0001 0.00 0.00% |
| Symbol | Diamond |
Diamond Discov '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 Diamond Discov's 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 Diamond Discov.
| 02/02/2023 |
| 01/22/2025 |
If you would invest 0.00 in Diamond Discov on February 2, 2023 and sell it all today you would earn a total of 0.00 from holding Diamond Discov Intl or generate 0.0% return on investment in Diamond Discov over 720 days. Diamond Discov is related to or competes with Patriot Battery, Surge Battery, Critical Elements, and Lithium Ionic. Diamond Discoveries International Corp. operates as a mineral exploration company More
Diamond Discov 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 Diamond Discov's 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 Diamond Discov Intl upside and downside potential and time the market with a certain degree of confidence.
Diamond Discov Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Diamond Discov's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Diamond Discov's standard deviation. In reality, there are many statistical measures that can use Diamond Discov historical prices to predict the future Diamond Discov's volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Diamond Discov's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Diamond Discov Intl Backtested Returns
We have found three technical indicators for Diamond Discov Intl, which you can use to evaluate the volatility of the firm. The firm shows a Beta (market volatility) of 0.0, which means not very significant fluctuations relative to the market. the returns on MARKET and Diamond Discov are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Diamond Discov Intl has no correlation between past and present. Overlapping area represents the amount of predictability between Diamond Discov time series from 2nd of February 2023 to 28th of January 2024 and 28th of January 2024 to 22nd of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Diamond Discov Intl price movement. The serial correlation of 0.0 indicates that just 0.0% of current Diamond Discov price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.92 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Diamond Discov Intl lagged returns against current returns
Autocorrelation, which is Diamond Discov 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 Diamond Discov's pink sheet expected returns. We can calculate the autocorrelation of Diamond Discov returns to help us make a trade decision. For example, suppose you find that Diamond Discov 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 |
Diamond Discov 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 Diamond Discov pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Diamond Discov pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Diamond Discov pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Diamond Discov Lagged Returns
When evaluating Diamond Discov's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Diamond Discov pink sheet have on its future price. Diamond Discov 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, Diamond Discov autocorrelation shows the relationship between Diamond Discov pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Diamond Discov Intl.
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 Diamond Pink Sheet
Diamond Discov financial ratios help investors to determine whether Diamond Pink Sheet 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 Diamond with respect to the benefits of owning Diamond Discov security.