D2l Inc Stock Market Value
| DTOL Stock | 14.94 0.17 1.15% |
| Symbol | D2L |
D2L Inc Price To Book Ratio
D2L '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 D2L'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 D2L.
| 09/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in D2L on September 29, 2024 and sell it all today you would earn a total of 0.00 from holding D2L Inc or generate 0.0% return on investment in D2L over 60 days. D2L is related to or competes with Propel Holdings, Sangoma Technologies, Redishred Capital, and Vitalhub Corp. D2L is entity of Canada. It is traded as Stock on TO exchange. More
D2L 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 D2L'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 D2L Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.55 | |||
| Information Ratio | 0.0782 | |||
| Maximum Drawdown | 9.15 | |||
| Value At Risk | (2.20) | |||
| Potential Upside | 4.4 |
D2L Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for D2L's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as D2L's standard deviation. In reality, there are many statistical measures that can use D2L historical prices to predict the future D2L's volatility.| Risk Adjusted Performance | 0.1147 | |||
| Jensen Alpha | 0.2966 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0993 | |||
| Treynor Ratio | (1.16) |
D2L Inc Backtested Returns
D2L appears to be not too volatile, given 3 months investment horizon. D2L Inc secures Sharpe Ratio (or Efficiency) of 0.12, which denotes the company had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for D2L Inc, which you can use to evaluate the volatility of the entity. Please utilize D2L's Downside Deviation of 1.55, mean deviation of 1.39, and Semi Deviation of 1.33 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, D2L holds a performance score of 9. The firm shows a Beta (market volatility) of -0.23, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning D2L are expected to decrease at a much lower rate. During the bear market, D2L is likely to outperform the market. Please check D2L's jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to make a quick decision on whether D2L's price patterns will revert.
Auto-correlation | 0.54 |
Modest predictability
D2L Inc has modest predictability. Overlapping area represents the amount of predictability between D2L time series from 29th of September 2024 to 29th of October 2024 and 29th of October 2024 to 28th 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 D2L Inc price movement. The serial correlation of 0.54 indicates that about 54.0% of current D2L price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
D2L Inc lagged returns against current returns
Autocorrelation, which is D2L 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 D2L's stock expected returns. We can calculate the autocorrelation of D2L returns to help us make a trade decision. For example, suppose you find that D2L 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 |
D2L 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 D2L stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if D2L stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in D2L stock over time.
Current vs Lagged Prices |
| Timeline |
D2L Lagged Returns
When evaluating D2L's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of D2L stock have on its future price. D2L 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, D2L autocorrelation shows the relationship between D2L stock current value and its past values and can show if there is a momentum factor associated with investing in D2L Inc.
Regressed Prices |
| Timeline |
Pair Trading with D2L
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if D2L position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in D2L will appreciate offsetting losses from the drop in the long position's value.Moving together with D2L Stock
Moving against D2L Stock
The ability to find closely correlated positions to D2L could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace D2L when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back D2L - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling D2L Inc to buy it.
The correlation of D2L is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as D2L moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if D2L Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for D2L can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in D2L Stock
D2L financial ratios help investors to determine whether D2L 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 D2L with respect to the benefits of owning D2L security.