Dover Stock Market Value
| DOV Stock | USD 205.56 0.82 0.40% |
| Symbol | Dover |
Dover Price To Book Ratio
Is Industrial Machinery & Supplies & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Dover. If investors know Dover will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Dover listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.219 | Dividend Share 2.045 | Earnings Share 11.02 | Revenue Per Share 61.228 | Quarterly Revenue Growth 0.013 |
The market value of Dover is measured differently than its book value, which is the value of Dover that is recorded on the company's balance sheet. Investors also form their own opinion of Dover's value that differs from its market value or its book value, called intrinsic value, which is Dover's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Dover's market value can be influenced by many factors that don't directly affect Dover's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Dover's value and its price as these two are different measures arrived at by different means. Investors typically determine if Dover is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dover's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Dover '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 Dover'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 Dover.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Dover on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Dover or generate 0.0% return on investment in Dover over 30 days. Dover is related to or competes with Morningstar Unconstrained, High-yield Municipal, Thrivent High, Via Renewables, T Rowe, Jpmorgan Smartretirement*, and 70082LAB3. Dover Corporation provides equipment and components, consumable supplies, aftermarket parts, software and digital soluti... More
Dover 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 Dover'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 Dover upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.16 | |||
| Information Ratio | 0.0459 | |||
| Maximum Drawdown | 6.51 | |||
| Value At Risk | (1.90) | |||
| Potential Upside | 2.2 |
Dover Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dover's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dover's standard deviation. In reality, there are many statistical measures that can use Dover historical prices to predict the future Dover's volatility.| Risk Adjusted Performance | 0.1095 | |||
| Jensen Alpha | 0.0217 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.057 | |||
| Treynor Ratio | 0.1366 |
Dover Backtested Returns
Dover appears to be very steady, given 3 months investment horizon. Dover 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 Dover, which you can use to evaluate the volatility of the firm. Please utilize Dover's Downside Deviation of 1.16, mean deviation of 1.11, and Coefficient Of Variation of 731.57 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Dover holds a performance score of 10. The firm shows a Beta (market volatility) of 1.37, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Dover will likely underperform. Please check Dover's potential upside, as well as the relationship between the kurtosis and day typical price , to make a quick decision on whether Dover's price patterns will revert.
Auto-correlation | 0.24 |
Weak predictability
Dover has weak predictability. Overlapping area represents the amount of predictability between Dover time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Dover price movement. The serial correlation of 0.24 indicates that over 24.0% of current Dover price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 5.38 |
Dover lagged returns against current returns
Autocorrelation, which is Dover 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 Dover's stock expected returns. We can calculate the autocorrelation of Dover returns to help us make a trade decision. For example, suppose you find that Dover 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 |
Dover 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 Dover stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dover stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dover stock over time.
Current vs Lagged Prices |
| Timeline |
Dover Lagged Returns
When evaluating Dover's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dover stock have on its future price. Dover 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, Dover autocorrelation shows the relationship between Dover stock current value and its past values and can show if there is a momentum factor associated with investing in Dover.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Dover Stock Analysis
When running Dover's price analysis, check to measure Dover'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 Dover is operating at the current time. Most of Dover's value examination focuses on studying past and present price action to predict the probability of Dover's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dover's price. Additionally, you may evaluate how the addition of Dover to your portfolios can decrease your overall portfolio volatility.