DRA Global (South Africa) Market Value
| DRA Stock | 2,225 25.00 1.14% |
| Symbol | DRA |
DRA Global '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 DRA Global'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 DRA Global.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in DRA Global on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding DRA Global or generate 0.0% return on investment in DRA Global over 210 days. DRA Global is related to or competes with Frontier Transport, Reinet Investments, Brimstone Investment, Zeder Investments, Bytes Technology, and Afine Investments. More
DRA Global 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 DRA Global'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 DRA Global upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.22 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 21.51 | |||
| Value At Risk | (4.12) | |||
| Potential Upside | 5.8 |
DRA Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DRA Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DRA Global's standard deviation. In reality, there are many statistical measures that can use DRA Global historical prices to predict the future DRA Global's volatility.| Risk Adjusted Performance | 0.0224 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.44) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.058 |
DRA Global Backtested Returns
DRA Global retains Efficiency (Sharpe Ratio) of -0.0294, which denotes the company had a -0.0294% return per unit of risk over the last 3 months. DRA Global exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm DRA Global's Market Risk Adjusted Performance of 0.068, coefficient of variation of 5090.48, and Downside Deviation of 4.22 to check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.82, which means possible diversification benefits within a given portfolio. As returns on the market increase, DRA Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding DRA Global is expected to be smaller as well. At this point, DRA Global has a negative expected return of -0.0806%. Please make sure to confirm DRA Global's information ratio, treynor ratio, and the relationship between the downside deviation and total risk alpha , to decide if DRA Global performance from the past will be repeated in the future.
Auto-correlation | -0.49 |
Modest reverse predictability
DRA Global has modest reverse predictability. Overlapping area represents the amount of predictability between DRA Global time series from 6th of May 2024 to 19th of August 2024 and 19th of August 2024 to 2nd of December 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 DRA Global price movement. The serial correlation of -0.49 indicates that about 49.0% of current DRA Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.49 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 11.5 K |
DRA Global lagged returns against current returns
Autocorrelation, which is DRA Global 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 DRA Global's stock expected returns. We can calculate the autocorrelation of DRA Global returns to help us make a trade decision. For example, suppose you find that DRA Global 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 |
DRA Global 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 DRA Global stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DRA Global stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DRA Global stock over time.
Current vs Lagged Prices |
| Timeline |
DRA Global Lagged Returns
When evaluating DRA Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DRA Global stock have on its future price. DRA Global 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, DRA Global autocorrelation shows the relationship between DRA Global stock current value and its past values and can show if there is a momentum factor associated with investing in DRA Global.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in DRA Stock
DRA Global financial ratios help investors to determine whether DRA 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 DRA with respect to the benefits of owning DRA Global security.