Denso Stock Market Value
| DNZOF Stock | USD 15.50 0.09 0.58% |
| Symbol | DENSO |
DENSO '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 DENSO'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 DENSO.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in DENSO on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding DENSO or generate 0.0% return on investment in DENSO over 30 days. DENSO is related to or competes with Bridgestone Corp, American Axle, Dana, Aeva Technologies, Innoviz Technologies, Hesai Group, and Luminar Technologies. DENSO Corporation develops, manufactures, and sells automotive parts in Japan, Asia, North America, Europe, and internat... More
DENSO 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 DENSO'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 DENSO upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.65 | |||
| Information Ratio | 0.0059 | |||
| Maximum Drawdown | 25.36 | |||
| Value At Risk | (9.12) | |||
| Potential Upside | 9.23 |
DENSO Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DENSO's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DENSO's standard deviation. In reality, there are many statistical measures that can use DENSO historical prices to predict the future DENSO's volatility.| Risk Adjusted Performance | 0.0319 | |||
| Jensen Alpha | 0.019 | |||
| Total Risk Alpha | (0.69) | |||
| Sortino Ratio | 0.0056 | |||
| Treynor Ratio | 0.138 |
DENSO Backtested Returns
At this point, DENSO is slightly risky. DENSO secures Sharpe Ratio (or Efficiency) of 0.0304, which denotes the company had a 0.0304% return per unit of risk over the last 3 months. We have found thirty technical indicators for DENSO, which you can use to evaluate the volatility of the firm. Please confirm DENSO's Mean Deviation of 3.85, downside deviation of 5.65, and Semi Deviation of 4.69 to check if the risk estimate we provide is consistent with the expected return of 0.16%. DENSO has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.1, which means a somewhat significant risk relative to the market. DENSO returns are very sensitive to returns on the market. As the market goes up or down, DENSO is expected to follow. DENSO at this time shows a risk of 5.33%. Please confirm DENSO semi variance, and the relationship between the treynor ratio and daily balance of power , to decide if DENSO will be following its price patterns.
Auto-correlation | -0.31 |
Poor reverse predictability
DENSO has poor reverse predictability. Overlapping area represents the amount of predictability between DENSO time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th 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 DENSO price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current DENSO price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
DENSO lagged returns against current returns
Autocorrelation, which is DENSO 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 DENSO's pink sheet expected returns. We can calculate the autocorrelation of DENSO returns to help us make a trade decision. For example, suppose you find that DENSO 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 |
DENSO 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 DENSO pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DENSO pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DENSO pink sheet over time.
Current vs Lagged Prices |
| Timeline |
DENSO Lagged Returns
When evaluating DENSO's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DENSO pink sheet have on its future price. DENSO 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, DENSO autocorrelation shows the relationship between DENSO pink sheet current value and its past values and can show if there is a momentum factor associated with investing in DENSO.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in DENSO Pink Sheet
DENSO financial ratios help investors to determine whether DENSO 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 DENSO with respect to the benefits of owning DENSO security.