Dino Polska (Poland) Market Value
| DNP Stock | 396.30 1.20 0.30% |
| Symbol | Dino |
Dino Polska '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 Dino Polska'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 Dino Polska.
| 09/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Dino Polska on September 23, 2024 and sell it all today you would earn a total of 0.00 from holding Dino Polska SA or generate 0.0% return on investment in Dino Polska over 60 days. Dino Polska is related to or competes with Asseco Business, Movie Games, Igoria Trade, and Bank Millennium. More
Dino Polska 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 Dino Polska'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 Dino Polska SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.5 | |||
| Information Ratio | 0.0554 | |||
| Maximum Drawdown | 16.97 | |||
| Value At Risk | (2.77) | |||
| Potential Upside | 5.03 |
Dino Polska Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dino Polska's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dino Polska's standard deviation. In reality, there are many statistical measures that can use Dino Polska historical prices to predict the future Dino Polska's volatility.| Risk Adjusted Performance | 0.0769 | |||
| Jensen Alpha | 0.2216 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | 0.0683 | |||
| Treynor Ratio | 0.5557 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dino Polska'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.
Dino Polska SA Backtested Returns
Dino Polska appears to be very steady, given 3 months investment horizon. Dino Polska SA secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the company had a 0.13% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Dino Polska SA, which you can use to evaluate the volatility of the firm. Please utilize Dino Polska's Downside Deviation of 2.5, coefficient of variation of 1098.59, and Mean Deviation of 2.02 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Dino Polska holds a performance score of 10. The firm shows a Beta (market volatility) of 0.49, which means possible diversification benefits within a given portfolio. As returns on the market increase, Dino Polska's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dino Polska is expected to be smaller as well. Please check Dino Polska's sortino ratio, skewness, period momentum indicator, as well as the relationship between the potential upside and rate of daily change , to make a quick decision on whether Dino Polska's price patterns will revert.
Auto-correlation | -0.02 |
Very weak reverse predictability
Dino Polska SA has very weak reverse predictability. Overlapping area represents the amount of predictability between Dino Polska time series from 23rd of September 2024 to 23rd of October 2024 and 23rd of October 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 Dino Polska SA price movement. The serial correlation of -0.02 indicates that only 2.0% of current Dino Polska price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 950.21 |
Dino Polska SA lagged returns against current returns
Autocorrelation, which is Dino Polska 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 Dino Polska's stock expected returns. We can calculate the autocorrelation of Dino Polska returns to help us make a trade decision. For example, suppose you find that Dino Polska 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 |
Dino Polska 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 Dino Polska stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dino Polska stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dino Polska stock over time.
Current vs Lagged Prices |
| Timeline |
Dino Polska Lagged Returns
When evaluating Dino Polska's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dino Polska stock have on its future price. Dino Polska 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, Dino Polska autocorrelation shows the relationship between Dino Polska stock current value and its past values and can show if there is a momentum factor associated with investing in Dino Polska SA.
Regressed Prices |
| Timeline |
Pair Trading with Dino Polska
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 Dino Polska 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 Dino Polska will appreciate offsetting losses from the drop in the long position's value.Moving together with Dino Stock
Moving against Dino Stock
The ability to find closely correlated positions to Dino Polska could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dino Polska 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 Dino Polska - 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 Dino Polska SA to buy it.
The correlation of Dino Polska 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 Dino Polska moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dino Polska SA 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 Dino Polska 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 Dino Stock Analysis
When running Dino Polska's price analysis, check to measure Dino Polska's 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 Dino Polska is operating at the current time. Most of Dino Polska's value examination focuses on studying past and present price action to predict the probability of Dino Polska's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dino Polska's price. Additionally, you may evaluate how the addition of Dino Polska to your portfolios can decrease your overall portfolio volatility.