Dotz Nano (Australia) Market Value
DTZ Stock | 0.09 0.01 6.00% |
Symbol | Dotz |
Dotz Nano '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 Dotz Nano'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 Dotz Nano.
11/19/2024 |
| 12/19/2024 |
If you would invest 0.00 in Dotz Nano on November 19, 2024 and sell it all today you would earn a total of 0.00 from holding Dotz Nano or generate 0.0% return on investment in Dotz Nano over 30 days. Dotz Nano is related to or competes with Westpac Banking, Bank of Queensland, Finexia Financial, Chalice Mining, Kkr Credit, and Auswide Bank. Dotz Nano is entity of Australia. It is traded as Stock on AU exchange. More
Dotz Nano 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 Dotz Nano'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 Dotz Nano upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 6.67 | |||
Information Ratio | 0.0323 | |||
Maximum Drawdown | 35.99 | |||
Value At Risk | (9.09) | |||
Potential Upside | 12.5 |
Dotz Nano Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dotz Nano's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dotz Nano's standard deviation. In reality, there are many statistical measures that can use Dotz Nano historical prices to predict the future Dotz Nano's volatility.Risk Adjusted Performance | 0.038 | |||
Jensen Alpha | 0.227 | |||
Total Risk Alpha | 0.0741 | |||
Sortino Ratio | 0.0322 | |||
Treynor Ratio | 0.6317 |
Dotz Nano Backtested Returns
Dotz Nano appears to be out of control, given 3 months investment horizon. Dotz Nano secures Sharpe Ratio (or Efficiency) of 0.0364, which denotes the company had a 0.0364% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Dotz Nano, which you can use to evaluate the volatility of the firm. Please utilize Dotz Nano's Mean Deviation of 4.37, coefficient of variation of 2724.33, and Downside Deviation of 6.67 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Dotz Nano holds a performance score of 2. The firm shows a Beta (market volatility) of 0.37, which means possible diversification benefits within a given portfolio. As returns on the market increase, Dotz Nano's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dotz Nano is expected to be smaller as well. Please check Dotz Nano's total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Dotz Nano's price patterns will revert.
Auto-correlation | 0.73 |
Good predictability
Dotz Nano has good predictability. Overlapping area represents the amount of predictability between Dotz Nano time series from 19th of November 2024 to 4th of December 2024 and 4th of December 2024 to 19th of December 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 Dotz Nano price movement. The serial correlation of 0.73 indicates that around 73.0% of current Dotz Nano price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.73 | |
Spearman Rank Test | 0.69 | |
Residual Average | 0.0 | |
Price Variance | 0.0 |
Dotz Nano lagged returns against current returns
Autocorrelation, which is Dotz Nano 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 Dotz Nano's stock expected returns. We can calculate the autocorrelation of Dotz Nano returns to help us make a trade decision. For example, suppose you find that Dotz Nano 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 |
Dotz Nano 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 Dotz Nano stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dotz Nano stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dotz Nano stock over time.
Current vs Lagged Prices |
Timeline |
Dotz Nano Lagged Returns
When evaluating Dotz Nano's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dotz Nano stock have on its future price. Dotz Nano 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, Dotz Nano autocorrelation shows the relationship between Dotz Nano stock current value and its past values and can show if there is a momentum factor associated with investing in Dotz Nano.
Regressed Prices |
Timeline |
Thematic Opportunities
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Additional Tools for Dotz Stock Analysis
When running Dotz Nano's price analysis, check to measure Dotz Nano'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 Dotz Nano is operating at the current time. Most of Dotz Nano's value examination focuses on studying past and present price action to predict the probability of Dotz Nano's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dotz Nano's price. Additionally, you may evaluate how the addition of Dotz Nano to your portfolios can decrease your overall portfolio volatility.