Dentalcorp Holdings Stock Market Value
| DNTL Stock | 9.11 0.02 0.22% |
| Symbol | Dentalcorp |
dentalcorp Holdings Price To Book Ratio
Dentalcorp Holdings '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 Dentalcorp Holdings' 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 Dentalcorp Holdings.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Dentalcorp Holdings on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding dentalcorp Holdings or generate 0.0% return on investment in Dentalcorp Holdings over 30 days. Dentalcorp Holdings is related to or competes with Pet Valu, CareRx Corp, Trisura, and Anaergia. Dentalcorp Holdings is entity of Canada. It is traded as Stock on TO exchange. More
Dentalcorp Holdings 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 Dentalcorp Holdings' 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 dentalcorp Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.19 | |||
| Information Ratio | 0.0563 | |||
| Maximum Drawdown | 11.99 | |||
| Value At Risk | (2.36) | |||
| Potential Upside | 2.73 |
Dentalcorp Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dentalcorp Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dentalcorp Holdings' standard deviation. In reality, there are many statistical measures that can use Dentalcorp Holdings historical prices to predict the future Dentalcorp Holdings' volatility.| Risk Adjusted Performance | 0.1009 | |||
| Jensen Alpha | 0.1748 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0474 | |||
| Treynor Ratio | 0.5671 |
dentalcorp Holdings Backtested Returns
Dentalcorp Holdings appears to be not too volatile, given 3 months investment horizon. dentalcorp Holdings 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-nine technical indicators for dentalcorp Holdings, which you can use to evaluate the volatility of the firm. Please utilize Dentalcorp Holdings' Semi Deviation of 1.88, downside deviation of 2.19, and Risk Adjusted Performance of 0.1009 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Dentalcorp Holdings holds a performance score of 11. The firm shows a Beta (market volatility) of 0.39, which means possible diversification benefits within a given portfolio. As returns on the market increase, Dentalcorp Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding Dentalcorp Holdings is expected to be smaller as well. Please check Dentalcorp Holdings' standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Dentalcorp Holdings' price patterns will revert.
Auto-correlation | -0.79 |
Almost perfect reverse predictability
dentalcorp Holdings has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Dentalcorp Holdings time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 dentalcorp Holdings price movement. The serial correlation of -0.79 indicates that around 79.0% of current Dentalcorp Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.79 | |
| Spearman Rank Test | -0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
dentalcorp Holdings lagged returns against current returns
Autocorrelation, which is Dentalcorp Holdings 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 Dentalcorp Holdings' stock expected returns. We can calculate the autocorrelation of Dentalcorp Holdings returns to help us make a trade decision. For example, suppose you find that Dentalcorp Holdings 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 |
Dentalcorp Holdings 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 Dentalcorp Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dentalcorp Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dentalcorp Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Dentalcorp Holdings Lagged Returns
When evaluating Dentalcorp Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dentalcorp Holdings stock have on its future price. Dentalcorp Holdings 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, Dentalcorp Holdings autocorrelation shows the relationship between Dentalcorp Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in dentalcorp Holdings.
Regressed Prices |
| Timeline |
Other Information on Investing in Dentalcorp Stock
Dentalcorp Holdings financial ratios help investors to determine whether Dentalcorp 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 Dentalcorp with respect to the benefits of owning Dentalcorp Holdings security.