Draganfly Stock Market Value
| DPRO Stock | USD 3.07 0.56 22.31% |
| Symbol | Draganfly |
Draganfly 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 Draganfly. If investors know Draganfly 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 Draganfly listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (3.78) | Revenue Per Share 2.826 | Quarterly Revenue Growth (0.09) | Return On Assets (0.86) | Return On Equity (6.07) |
The market value of Draganfly is measured differently than its book value, which is the value of Draganfly that is recorded on the company's balance sheet. Investors also form their own opinion of Draganfly's value that differs from its market value or its book value, called intrinsic value, which is Draganfly'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 Draganfly's market value can be influenced by many factors that don't directly affect Draganfly'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 Draganfly's value and its price as these two are different measures arrived at by different means. Investors typically determine if Draganfly is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Draganfly'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.
Draganfly '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 Draganfly'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 Draganfly.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Draganfly on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Draganfly or generate 0.0% return on investment in Draganfly over 30 days. Draganfly is related to or competes with Boeing, Curtiss Wright, Ehang Holdings, General Dynamics, GE Aerospace, Boeing, and Elbit Systems. Draganfly Inc. manufactures and sells commercial unmanned aerial vehicles worldwide More
Draganfly 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 Draganfly'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 Draganfly upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 35.77 | |||
| Value At Risk | (11.40) | |||
| Potential Upside | 12.98 |
Draganfly Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Draganfly's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Draganfly's standard deviation. In reality, there are many statistical measures that can use Draganfly historical prices to predict the future Draganfly's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.43) | |||
| Total Risk Alpha | (1.34) | |||
| Treynor Ratio | (0.06) |
Draganfly Backtested Returns
Draganfly appears to be very risky, given 3 months investment horizon. Draganfly secures Sharpe Ratio (or Efficiency) of 0.0723, which denotes the company had a 0.0723% return per unit of standard deviation over the last 3 months. By reviewing Draganfly's technical indicators, you can evaluate if the expected return of 0.57% is justified by implied risk. Please utilize Draganfly's Standard Deviation of 7.6, coefficient of variation of (5,612), and Mean Deviation of 5.66 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Draganfly holds a performance score of 5. The firm shows a Beta (market volatility) of 2.35, 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, Draganfly will likely underperform. Please check Draganfly's information ratio, as well as the relationship between the potential upside and rate of daily change , to make a quick decision on whether Draganfly's price patterns will revert.
Auto-correlation | -0.24 |
Weak reverse predictability
Draganfly has weak reverse predictability. Overlapping area represents the amount of predictability between Draganfly time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Draganfly price movement. The serial correlation of -0.24 indicates that over 24.0% of current Draganfly price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Draganfly lagged returns against current returns
Autocorrelation, which is Draganfly 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 Draganfly's stock expected returns. We can calculate the autocorrelation of Draganfly returns to help us make a trade decision. For example, suppose you find that Draganfly 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 |
Draganfly 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 Draganfly stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Draganfly stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Draganfly stock over time.
Current vs Lagged Prices |
| Timeline |
Draganfly Lagged Returns
When evaluating Draganfly's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Draganfly stock have on its future price. Draganfly 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, Draganfly autocorrelation shows the relationship between Draganfly stock current value and its past values and can show if there is a momentum factor associated with investing in Draganfly.
Regressed Prices |
| Timeline |
Pair Trading with Draganfly
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 Draganfly 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 Draganfly will appreciate offsetting losses from the drop in the long position's value.Moving against Draganfly Stock
The ability to find closely correlated positions to Draganfly could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Draganfly 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 Draganfly - 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 Draganfly to buy it.
The correlation of Draganfly 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 Draganfly moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Draganfly 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 Draganfly 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.Check out Draganfly Correlation, Draganfly Volatility and Draganfly Alpha and Beta module to complement your research on Draganfly. To learn how to invest in Draganfly Stock, please use our How to Invest in Draganfly guide.You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Draganfly technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.