Diamondrock Hospitality Preferred Stock Market Value
| DRH-PA Preferred Stock | USD 26.13 0.11 0.42% |
| Symbol | DiamondRock |
DiamondRock Hospitality '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 DiamondRock Hospitality's preferred 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 DiamondRock Hospitality.
| 09/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in DiamondRock Hospitality on September 24, 2024 and sell it all today you would earn a total of 0.00 from holding DiamondRock Hospitality or generate 0.0% return on investment in DiamondRock Hospitality over 60 days. DiamondRock Hospitality is related to or competes with Summit Hotel, Morningstar Unconstrained, High-yield Municipal, Thrivent High, Via Renewables, and T Rowe. DiamondRock Hospitality Company is a self-advised real estate investment trust that is an owner of a leading portfolio o... More
DiamondRock Hospitality 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 DiamondRock Hospitality's preferred 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 DiamondRock Hospitality upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3639 | |||
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 1.63 | |||
| Value At Risk | (0.46) | |||
| Potential Upside | 0.5443 |
DiamondRock Hospitality Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DiamondRock Hospitality's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DiamondRock Hospitality's standard deviation. In reality, there are many statistical measures that can use DiamondRock Hospitality historical prices to predict the future DiamondRock Hospitality's volatility.| Risk Adjusted Performance | 0.1476 | |||
| Jensen Alpha | 0.058 | |||
| Total Risk Alpha | 0.007 | |||
| Sortino Ratio | (0.17) | |||
| Treynor Ratio | (13.69) |
DiamondRock Hospitality Backtested Returns
At this point, DiamondRock Hospitality is very steady. DiamondRock Hospitality secures Sharpe Ratio (or Efficiency) of 0.22, which denotes the company had a 0.22% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for DiamondRock Hospitality, which you can use to evaluate the volatility of the firm. Please confirm DiamondRock Hospitality's Downside Deviation of 0.3639, mean deviation of 0.2415, and Semi Deviation of 0.142 to check if the risk estimate we provide is consistent with the expected return of 0.0685%. DiamondRock Hospitality has a performance score of 17 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0042, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning DiamondRock Hospitality are expected to decrease at a much lower rate. During the bear market, DiamondRock Hospitality is likely to outperform the market. DiamondRock Hospitality right now shows a risk of 0.31%. Please confirm DiamondRock Hospitality semi deviation, sortino ratio, semi variance, as well as the relationship between the standard deviation and value at risk , to decide if DiamondRock Hospitality will be following its price patterns.
Auto-correlation | 0.24 |
Weak predictability
DiamondRock Hospitality has weak predictability. Overlapping area represents the amount of predictability between DiamondRock Hospitality time series from 24th of September 2024 to 24th of October 2024 and 24th of October 2024 to 23rd 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 DiamondRock Hospitality price movement. The serial correlation of 0.24 indicates that over 24.0% of current DiamondRock Hospitality price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
DiamondRock Hospitality lagged returns against current returns
Autocorrelation, which is DiamondRock Hospitality preferred 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 DiamondRock Hospitality's preferred stock expected returns. We can calculate the autocorrelation of DiamondRock Hospitality returns to help us make a trade decision. For example, suppose you find that DiamondRock Hospitality has exhibited high autocorrelation historically, and you observe that the preferred 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 |
DiamondRock Hospitality 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 DiamondRock Hospitality preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DiamondRock Hospitality preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DiamondRock Hospitality preferred stock over time.
Current vs Lagged Prices |
| Timeline |
DiamondRock Hospitality Lagged Returns
When evaluating DiamondRock Hospitality's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DiamondRock Hospitality preferred stock have on its future price. DiamondRock Hospitality 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, DiamondRock Hospitality autocorrelation shows the relationship between DiamondRock Hospitality preferred stock current value and its past values and can show if there is a momentum factor associated with investing in DiamondRock Hospitality.
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 DiamondRock Preferred Stock
DiamondRock Hospitality financial ratios help investors to determine whether DiamondRock Preferred 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 DiamondRock with respect to the benefits of owning DiamondRock Hospitality security.