Datalogic SpA (Germany) Market Value
| DT8A Stock | EUR 5.00 0.04 0.81% |
| Symbol | Datalogic |
Datalogic SpA '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 Datalogic SpA'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 Datalogic SpA.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Datalogic SpA on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Datalogic SpA or generate 0.0% return on investment in Datalogic SpA over 30 days. Datalogic SpA is related to or competes with CPU SOFTWAREHOUSE, Choice Hotels, AXWAY SOFTWARE, Unity Software, INTERCONT HOTELS, Sqs Software, and Take-Two Interactive. Datalogic S.p.A. manufactures and sells automatic data capture and process automation products worldwide More
Datalogic SpA 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 Datalogic SpA'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 Datalogic SpA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 11.67 | |||
| Value At Risk | (3.03) | |||
| Potential Upside | 1.84 |
Datalogic SpA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Datalogic SpA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Datalogic SpA's standard deviation. In reality, there are many statistical measures that can use Datalogic SpA historical prices to predict the future Datalogic SpA's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.38) | |||
| Total Risk Alpha | (0.66) | |||
| Treynor Ratio | 79.41 |
Datalogic SpA Backtested Returns
Datalogic SpA secures Sharpe Ratio (or Efficiency) of -0.24, which denotes the company had a -0.24% return per unit of risk over the last 3 months. Datalogic SpA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Datalogic SpA's Mean Deviation of 1.23, standard deviation of 1.83, and Variance of 3.34 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0048, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Datalogic SpA are expected to decrease at a much lower rate. During the bear market, Datalogic SpA is likely to outperform the market. At this point, Datalogic SpA has a negative expected return of -0.39%. Please make sure to confirm Datalogic SpA's maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if Datalogic SpA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.73 |
Good predictability
Datalogic SpA has good predictability. Overlapping area represents the amount of predictability between Datalogic SpA 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 Datalogic SpA price movement. The serial correlation of 0.73 indicates that around 73.0% of current Datalogic SpA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Datalogic SpA lagged returns against current returns
Autocorrelation, which is Datalogic SpA 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 Datalogic SpA's stock expected returns. We can calculate the autocorrelation of Datalogic SpA returns to help us make a trade decision. For example, suppose you find that Datalogic SpA 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 |
Datalogic SpA 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 Datalogic SpA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Datalogic SpA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Datalogic SpA stock over time.
Current vs Lagged Prices |
| Timeline |
Datalogic SpA Lagged Returns
When evaluating Datalogic SpA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Datalogic SpA stock have on its future price. Datalogic SpA 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, Datalogic SpA autocorrelation shows the relationship between Datalogic SpA stock current value and its past values and can show if there is a momentum factor associated with investing in Datalogic SpA.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Datalogic Stock
Datalogic SpA financial ratios help investors to determine whether Datalogic 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 Datalogic with respect to the benefits of owning Datalogic SpA security.