Data3 (Australia) Market Value
| DTL Stock | 7.76 0.09 1.15% |
| Symbol | Data3 |
Data3 '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 Data3'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 Data3.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in Data3 on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding Data3 or generate 0.0% return on investment in Data3 over 90 days. Data3 is related to or competes with Westpac Banking, IShares Global, Adriatic Metals, Australian Agricultural, and VanEck FTSE. Data3 is entity of Australia. It is traded as Stock on AU exchange. More
Data3 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 Data3'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 Data3 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.73 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 10.98 | |||
| Value At Risk | (2.55) | |||
| Potential Upside | 2.56 |
Data3 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Data3's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Data3's standard deviation. In reality, there are many statistical measures that can use Data3 historical prices to predict the future Data3's volatility.| Risk Adjusted Performance | 0.0155 | |||
| Jensen Alpha | 0.0013 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.1329 |
Data3 Backtested Returns
Currently, Data3 is somewhat reliable. Data3 secures Sharpe Ratio (or Efficiency) of 0.0339, which denotes the company had a 0.0339% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Data3, which you can use to evaluate the volatility of the firm. Please confirm Data3's Mean Deviation of 1.32, downside deviation of 1.73, and Coefficient Of Variation of 7718.19 to check if the risk estimate we provide is consistent with the expected return of 0.0582%. Data3 has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0926, which means not very significant fluctuations relative to the market. As returns on the market increase, Data3's returns are expected to increase less than the market. However, during the bear market, the loss of holding Data3 is expected to be smaller as well. Data3 right now shows a risk of 1.72%. Please confirm Data3 treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to decide if Data3 will be following its price patterns.
Auto-correlation | -0.41 |
Modest reverse predictability
Data3 has modest reverse predictability. Overlapping area represents the amount of predictability between Data3 time series from 28th of August 2024 to 12th of October 2024 and 12th of October 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 Data3 price movement. The serial correlation of -0.41 indicates that just about 41.0% of current Data3 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Data3 lagged returns against current returns
Autocorrelation, which is Data3 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 Data3's stock expected returns. We can calculate the autocorrelation of Data3 returns to help us make a trade decision. For example, suppose you find that Data3 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 |
Data3 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 Data3 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Data3 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Data3 stock over time.
Current vs Lagged Prices |
| Timeline |
Data3 Lagged Returns
When evaluating Data3's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Data3 stock have on its future price. Data3 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, Data3 autocorrelation shows the relationship between Data3 stock current value and its past values and can show if there is a momentum factor associated with investing in Data3.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Data3 Stock Analysis
When running Data3's price analysis, check to measure Data3's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Data3 is operating at the current time. Most of Data3's value examination focuses on studying past and present price action to predict the probability of Data3's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Data3's price. Additionally, you may evaluate how the addition of Data3 to your portfolios can decrease your overall portfolio volatility.