DAIMLER TRUCK (Germany) Market Value
| DTG1 Stock | 17.80 0.10 0.56% |
| Symbol | DAIMLER |
Please note, there is a significant difference between DAIMLER TRUCK's value and its price as these two are different measures arrived at by different means. Investors typically determine if DAIMLER TRUCK is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DAIMLER TRUCK'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.
DAIMLER TRUCK '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 DAIMLER TRUCK'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 DAIMLER TRUCK.
| 12/04/2022 |
| 11/23/2024 |
If you would invest 0.00 in DAIMLER TRUCK on December 4, 2022 and sell it all today you would earn a total of 0.00 from holding DAIMLER TRUCK SPADS12 or generate 0.0% return on investment in DAIMLER TRUCK over 720 days. DAIMLER TRUCK is related to or competes with InPlay Oil, LG Display, WisdomTree Investments, Playa Hotels, Virtus Investment, USWE SPORTS, and JD SPORTS. More
DAIMLER TRUCK 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 DAIMLER TRUCK'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 DAIMLER TRUCK SPADS12 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.1 | |||
| Information Ratio | 0.0039 | |||
| Maximum Drawdown | 14.55 | |||
| Value At Risk | (4.24) | |||
| Potential Upside | 6.25 |
DAIMLER TRUCK Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DAIMLER TRUCK's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DAIMLER TRUCK's standard deviation. In reality, there are many statistical measures that can use DAIMLER TRUCK historical prices to predict the future DAIMLER TRUCK's volatility.| Risk Adjusted Performance | 0.0436 | |||
| Jensen Alpha | 0.041 | |||
| Total Risk Alpha | (0.34) | |||
| Sortino Ratio | 0.0038 | |||
| Treynor Ratio | 0.1748 |
DAIMLER TRUCK SPADS12 Backtested Returns
At this point, DAIMLER TRUCK is somewhat reliable. DAIMLER TRUCK SPADS12 secures Sharpe Ratio (or Efficiency) of 0.0472, which denotes the company had a 0.0472% return per unit of return volatility over the last 3 months. We have found twenty-eight technical indicators for DAIMLER TRUCK SPADS12, which you can use to evaluate the volatility of the entity. Please confirm DAIMLER TRUCK's downside deviation of 3.1, and Mean Deviation of 2.27 to check if the risk estimate we provide is consistent with the expected return of 0.14%. DAIMLER TRUCK has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.76, which means possible diversification benefits within a given portfolio. As returns on the market increase, DAIMLER TRUCK's returns are expected to increase less than the market. However, during the bear market, the loss of holding DAIMLER TRUCK is expected to be smaller as well. DAIMLER TRUCK SPADS12 at this moment shows a risk of 3.02%. Please confirm DAIMLER TRUCK SPADS12 information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if DAIMLER TRUCK SPADS12 will be following its price patterns.
Auto-correlation | -0.29 |
Weak reverse predictability
DAIMLER TRUCK SPADS12 has weak reverse predictability. Overlapping area represents the amount of predictability between DAIMLER TRUCK time series from 4th of December 2022 to 29th of November 2023 and 29th of November 2023 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 DAIMLER TRUCK SPADS12 price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current DAIMLER TRUCK price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 4.28 |
DAIMLER TRUCK SPADS12 lagged returns against current returns
Autocorrelation, which is DAIMLER TRUCK 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 DAIMLER TRUCK's stock expected returns. We can calculate the autocorrelation of DAIMLER TRUCK returns to help us make a trade decision. For example, suppose you find that DAIMLER TRUCK 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 |
DAIMLER TRUCK 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 DAIMLER TRUCK stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DAIMLER TRUCK stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DAIMLER TRUCK stock over time.
Current vs Lagged Prices |
| Timeline |
DAIMLER TRUCK Lagged Returns
When evaluating DAIMLER TRUCK's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DAIMLER TRUCK stock have on its future price. DAIMLER TRUCK 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, DAIMLER TRUCK autocorrelation shows the relationship between DAIMLER TRUCK stock current value and its past values and can show if there is a momentum factor associated with investing in DAIMLER TRUCK SPADS12.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in DAIMLER Stock
DAIMLER TRUCK financial ratios help investors to determine whether DAIMLER 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 DAIMLER with respect to the benefits of owning DAIMLER TRUCK security.