Dte Energy Co Stock Market Value
| DTW Stock | USD 23.03 0.18 0.79% |
| Symbol | DTE |
Is Utilities space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of DTE Energy. If investors know DTE will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about DTE Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of DTE Energy is measured differently than its book value, which is the value of DTE that is recorded on the company's balance sheet. Investors also form their own opinion of DTE Energy's value that differs from its market value or its book value, called intrinsic value, which is DTE Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because DTE Energy's market value can be influenced by many factors that don't directly affect DTE Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between DTE Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if DTE Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DTE Energy'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.
DTE Energy '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 DTE Energy'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 DTE Energy.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in DTE Energy on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding DTE Energy Co or generate 0.0% return on investment in DTE Energy over 30 days. DTE Energy is related to or competes with Southern, Duke Energy, Georgia Power, Entergy Arkansas, and CMS Energy. The companys Electric segment generates, purchases, distributes, and sells electricity to approximately 2.2 million resi... More
DTE Energy 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 DTE Energy'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 DTE Energy Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 2.84 | |||
| Value At Risk | (1.07) | |||
| Potential Upside | 0.9867 |
DTE Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DTE Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DTE Energy's standard deviation. In reality, there are many statistical measures that can use DTE Energy historical prices to predict the future DTE Energy's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | 4.43 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of DTE Energy's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
DTE Energy Backtested Returns
DTE Energy secures Sharpe Ratio (or Efficiency) of -0.0422, which denotes the company had a -0.0422% return per unit of risk over the last 3 months. DTE Energy Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm DTE Energy's Mean Deviation of 0.4738, variance of 0.3882, and Standard Deviation of 0.6231 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0082, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning DTE Energy are expected to decrease at a much lower rate. During the bear market, DTE Energy is likely to outperform the market. At this point, DTE Energy has a negative expected return of -0.0263%. Please make sure to confirm DTE Energy's treynor ratio, as well as the relationship between the accumulation distribution and price action indicator , to decide if DTE Energy performance from the past will be repeated in the future.
Auto-correlation | 0.61 |
Good predictability
DTE Energy Co has good predictability. Overlapping area represents the amount of predictability between DTE Energy time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 DTE Energy price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current DTE Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
DTE Energy lagged returns against current returns
Autocorrelation, which is DTE Energy 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 DTE Energy's stock expected returns. We can calculate the autocorrelation of DTE Energy returns to help us make a trade decision. For example, suppose you find that DTE Energy 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 |
DTE Energy 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 DTE Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DTE Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DTE Energy stock over time.
Current vs Lagged Prices |
| Timeline |
DTE Energy Lagged Returns
When evaluating DTE Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DTE Energy stock have on its future price. DTE Energy 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, DTE Energy autocorrelation shows the relationship between DTE Energy stock current value and its past values and can show if there is a momentum factor associated with investing in DTE Energy Co.
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.Additional Tools for DTE Stock Analysis
When running DTE Energy's price analysis, check to measure DTE Energy'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 DTE Energy is operating at the current time. Most of DTE Energy's value examination focuses on studying past and present price action to predict the probability of DTE Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DTE Energy's price. Additionally, you may evaluate how the addition of DTE Energy to your portfolios can decrease your overall portfolio volatility.