Dno ASA (Germany) Market Value
| DNO Stock | EUR 12.06 0.52 4.13% |
| Symbol | Dno |
Dno ASA '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 Dno ASA'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 Dno ASA.
| 01/27/2025 |
| 02/26/2025 |
If you would invest 0.00 in Dno ASA on January 27, 2025 and sell it all today you would earn a total of 0.00 from holding Dno ASA or generate 0.0% return on investment in Dno ASA over 30 days. Dno ASA is related to or competes with RCI Hospitality, FONIX MOBILE, Geely Automobile, INTERSHOP Communications, MPH Health, Cogent Communications, and NIGHTINGALE HEALTH. DENSO Corporation manufactures and sells automotive components and systems, industrial products, and home appliances More
Dno ASA 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 Dno ASA'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 Dno ASA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 13.05 | |||
| Value At Risk | (4.03) | |||
| Potential Upside | 2.37 |
Dno ASA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dno ASA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dno ASA's standard deviation. In reality, there are many statistical measures that can use Dno ASA historical prices to predict the future Dno ASA's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | (4.30) |
Dno ASA Backtested Returns
Dno ASA secures Sharpe Ratio (or Efficiency) of -0.0745, which denotes the company had a -0.0745 % return per unit of risk over the last 3 months. Dno ASA exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Dno ASA's Standard Deviation of 1.98, variance of 3.9, and Mean Deviation of 1.43 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0561, which means not very significant fluctuations relative to the market. As returns on the market increase, Dno ASA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dno ASA is expected to be smaller as well. At this point, Dno ASA has a negative expected return of -0.15%. Please make sure to confirm Dno ASA's total risk alpha, skewness, day median price, as well as the relationship between the maximum drawdown and daily balance of power , to decide if Dno ASA performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.11 |
Insignificant reverse predictability
Dno ASA has insignificant reverse predictability. Overlapping area represents the amount of predictability between Dno ASA time series from 27th of January 2025 to 11th of February 2025 and 11th of February 2025 to 26th of February 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 Dno ASA price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Dno ASA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Dno ASA lagged returns against current returns
Autocorrelation, which is Dno ASA 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 Dno ASA's stock expected returns. We can calculate the autocorrelation of Dno ASA returns to help us make a trade decision. For example, suppose you find that Dno ASA 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 |
Dno ASA 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 Dno ASA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dno ASA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dno ASA stock over time.
Current vs Lagged Prices |
| Timeline |
Dno ASA Lagged Returns
When evaluating Dno ASA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dno ASA stock have on its future price. Dno ASA 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, Dno ASA autocorrelation shows the relationship between Dno ASA stock current value and its past values and can show if there is a momentum factor associated with investing in Dno ASA.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Dno Stock
Dno ASA financial ratios help investors to determine whether Dno 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 Dno with respect to the benefits of owning Dno ASA security.