Deneb Investments (South Africa) Market Value
| DNB Stock | 259.00 1.00 0.38% |
| Symbol | Deneb |
Deneb Investments '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 Deneb Investments' 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 Deneb Investments.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in Deneb Investments on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding Deneb Investments or generate 0.0% return on investment in Deneb Investments over 90 days. Deneb Investments is related to or competes with Capitec Bank, HomeChoice Investments, Life Healthcare, Reinet Investments, and Advtech. More
Deneb Investments 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 Deneb Investments' 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 Deneb Investments upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.86 | |||
| Information Ratio | 0.0912 | |||
| Maximum Drawdown | 17.45 | |||
| Value At Risk | (3.56) | |||
| Potential Upside | 3.26 |
Deneb Investments Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Deneb Investments' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Deneb Investments' standard deviation. In reality, there are many statistical measures that can use Deneb Investments historical prices to predict the future Deneb Investments' volatility.| Risk Adjusted Performance | 0.1178 | |||
| Jensen Alpha | 0.4632 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0562 | |||
| Treynor Ratio | (0.31) |
Deneb Investments Backtested Returns
Deneb Investments appears to be very steady, given 3 months investment horizon. Deneb Investments secures Sharpe Ratio (or Efficiency) of 0.14, which denotes the company had a 0.14% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Deneb Investments, which you can use to evaluate the volatility of the firm. Please utilize Deneb Investments' Coefficient Of Variation of 688.36, mean deviation of 1.17, and Downside Deviation of 3.86 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Deneb Investments holds a performance score of 11. The firm shows a Beta (market volatility) of -1.08, which means a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Deneb Investments are expected to decrease slowly. On the other hand, during market turmoil, Deneb Investments is expected to outperform it slightly. Please check Deneb Investments' jensen alpha, maximum drawdown, semi variance, as well as the relationship between the sortino ratio and potential upside , to make a quick decision on whether Deneb Investments' price patterns will revert.
Auto-correlation | 0.35 |
Below average predictability
Deneb Investments has below average predictability. Overlapping area represents the amount of predictability between Deneb Investments time series from 28th of August 2024 to 12th of October 2024 and 12th of October 2024 to 26th 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 Deneb Investments price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Deneb Investments price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 165.01 |
Deneb Investments lagged returns against current returns
Autocorrelation, which is Deneb Investments 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 Deneb Investments' stock expected returns. We can calculate the autocorrelation of Deneb Investments returns to help us make a trade decision. For example, suppose you find that Deneb Investments 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 |
Deneb Investments 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 Deneb Investments stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Deneb Investments stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Deneb Investments stock over time.
Current vs Lagged Prices |
| Timeline |
Deneb Investments Lagged Returns
When evaluating Deneb Investments' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Deneb Investments stock have on its future price. Deneb Investments 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, Deneb Investments autocorrelation shows the relationship between Deneb Investments stock current value and its past values and can show if there is a momentum factor associated with investing in Deneb Investments.
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 Deneb Stock
Deneb Investments financial ratios help investors to determine whether Deneb 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 Deneb with respect to the benefits of owning Deneb Investments security.