Drax Group (UK) Market Value
| DRX Stock | 837.00 4.00 0.48% |
| Symbol | Drax |
Drax Group '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 Drax Group'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 Drax Group.
| 06/09/2024 |
| 12/31/2025 |
If you would invest 0.00 in Drax Group on June 9, 2024 and sell it all today you would earn a total of 0.00 from holding Drax Group PLC or generate 0.0% return on investment in Drax Group over 570 days. Drax Group is related to or competes with JD Sports, Infineon Technologies, Light Science, DXC Technology, Charter Communications, and Microchip Technology. Drax Group is entity of United Kingdom. It is traded as Stock on LSE exchange. More
Drax Group 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 Drax Group'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 Drax Group PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.29 | |||
| Information Ratio | 0.1598 | |||
| Maximum Drawdown | 8.76 | |||
| Value At Risk | (1.39) | |||
| Potential Upside | 2.47 |
Drax Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Drax Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Drax Group's standard deviation. In reality, there are many statistical measures that can use Drax Group historical prices to predict the future Drax Group's volatility.| Risk Adjusted Performance | 0.1496 | |||
| Jensen Alpha | 0.3218 | |||
| Total Risk Alpha | 0.1725 | |||
| Sortino Ratio | 0.1894 | |||
| Treynor Ratio | (1.02) |
Drax Group PLC Backtested Returns
Drax Group appears to be very steady, given 3 months investment horizon. Drax Group PLC secures Sharpe Ratio (or Efficiency) of 0.18, which denotes the company had a 0.18 % return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Drax Group PLC, which you can use to evaluate the volatility of the firm. Please utilize Drax Group's Downside Deviation of 1.29, mean deviation of 1.14, and Semi Deviation of 0.9563 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Drax Group holds a performance score of 14. The firm shows a Beta (market volatility) of -0.3, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Drax Group are expected to decrease at a much lower rate. During the bear market, Drax Group is likely to outperform the market. Please check Drax Group's semi deviation, sortino ratio, semi variance, as well as the relationship between the standard deviation and value at risk , to make a quick decision on whether Drax Group's price patterns will revert.
Auto-correlation | 0.47 |
Average predictability
Drax Group PLC has average predictability. Overlapping area represents the amount of predictability between Drax Group time series from 9th of June 2024 to 21st of March 2025 and 21st of March 2025 to 31st of December 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Drax Group PLC price movement. The serial correlation of 0.47 indicates that about 47.0% of current Drax Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 4691.92 |
Drax Group PLC lagged returns against current returns
Autocorrelation, which is Drax Group 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 Drax Group's stock expected returns. We can calculate the autocorrelation of Drax Group returns to help us make a trade decision. For example, suppose you find that Drax Group 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 |
Drax Group 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 Drax Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Drax Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Drax Group stock over time.
Current vs Lagged Prices |
| Timeline |
Drax Group Lagged Returns
When evaluating Drax Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Drax Group stock have on its future price. Drax Group 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, Drax Group autocorrelation shows the relationship between Drax Group stock current value and its past values and can show if there is a momentum factor associated with investing in Drax Group PLC.
Regressed Prices |
| Timeline |
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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 Drax Stock
Drax Group financial ratios help investors to determine whether Drax 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 Drax with respect to the benefits of owning Drax Group security.