DN TYRE (Nigeria) Market Value
| DUNLOP Stock | 0.20 0.00 0.00% |
| Symbol | DUNLOP |
DN TYRE '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 DN TYRE'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 DN TYRE.
| 09/03/2024 |
| 01/31/2025 |
If you would invest 0.00 in DN TYRE on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding DN TYRE RUBBER or generate 0.0% return on investment in DN TYRE over 150 days.
DN TYRE 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 DN TYRE'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 DN TYRE RUBBER upside and downside potential and time the market with a certain degree of confidence.
DN TYRE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DN TYRE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DN TYRE's standard deviation. In reality, there are many statistical measures that can use DN TYRE historical prices to predict the future DN TYRE's volatility.DN TYRE RUBBER Backtested Returns
We have found three technical indicators for DN TYRE, which you can use to evaluate the volatility of the firm. The firm owns a Beta (Systematic Risk) of 0.0, which means not very significant fluctuations relative to the market. the returns on MARKET and DN TYRE are completely uncorrelated.
Auto-correlation | 1.00 |
Perfect predictability
DN TYRE RUBBER has perfect predictability. Overlapping area represents the amount of predictability between DN TYRE time series from 3rd of September 2024 to 17th of November 2024 and 17th of November 2024 to 31st of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of DN TYRE RUBBER price movement. The serial correlation of 1.0 indicates that 100.0% of current DN TYRE price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
DN TYRE RUBBER lagged returns against current returns
Autocorrelation, which is DN TYRE 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 DN TYRE's stock expected returns. We can calculate the autocorrelation of DN TYRE returns to help us make a trade decision. For example, suppose you find that DN TYRE 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 |
DN TYRE 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 DN TYRE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DN TYRE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DN TYRE stock over time.
Current vs Lagged Prices |
| Timeline |
DN TYRE Lagged Returns
When evaluating DN TYRE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DN TYRE stock have on its future price. DN TYRE 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, DN TYRE autocorrelation shows the relationship between DN TYRE stock current value and its past values and can show if there is a momentum factor associated with investing in DN TYRE RUBBER.
Regressed Prices |
| Timeline |