Danavation Technologies Corp Stock Market Value
| DVNCF Stock | USD 0 0.0007 233.33% |
| Symbol | Danavation |
Danavation Technologies '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 Danavation Technologies' pink sheet 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 Danavation Technologies.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Danavation Technologies on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Danavation Technologies Corp or generate 0.0% return on investment in Danavation Technologies over 30 days. Danavation Technologies is related to or competes with Salesforce, S A P, ServiceNow, Intuit, Uber Technologies, Shopify, and Applovin Corp. Danavation Technologies Corp., an Internet of Things technology company, provides micro e-paper displays in North Americ... More
Danavation Technologies 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 Danavation Technologies' pink sheet 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 Danavation Technologies Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0902 | |||
| Maximum Drawdown | 400.0 | |||
| Value At Risk | (25.45) |
Danavation Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Danavation Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Danavation Technologies' standard deviation. In reality, there are many statistical measures that can use Danavation Technologies historical prices to predict the future Danavation Technologies' volatility.| Risk Adjusted Performance | 0.0802 | |||
| Jensen Alpha | 5.5 | |||
| Total Risk Alpha | (2.01) | |||
| Treynor Ratio | (0.72) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Danavation Technologies' 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.
Danavation Technologies Backtested Returns
Danavation Technologies is out of control given 3 months investment horizon. Danavation Technologies 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 were able to break down twenty different technical indicators, which can help you to evaluate if expected returns of 7.05% are justified by taking the suggested risk. Use Danavation Technologies Standard Deviation of 52.51, variance of 2756.84, and Mean Deviation of 15.63 to evaluate company specific risk that cannot be diversified away. Danavation Technologies holds a performance score of 9 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -6.72, which means a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Danavation Technologies are expected to decrease by larger amounts. On the other hand, during market turmoil, Danavation Technologies is expected to outperform it. Use Danavation Technologies total risk alpha and the relationship between the kurtosis and period momentum indicator , to analyze future returns on Danavation Technologies.
Auto-correlation | -0.29 |
Weak reverse predictability
Danavation Technologies Corp has weak reverse predictability. Overlapping area represents the amount of predictability between Danavation Technologies 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 Danavation Technologies price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current Danavation Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Danavation Technologies lagged returns against current returns
Autocorrelation, which is Danavation Technologies pink sheet'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 Danavation Technologies' pink sheet expected returns. We can calculate the autocorrelation of Danavation Technologies returns to help us make a trade decision. For example, suppose you find that Danavation Technologies has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
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Danavation Technologies 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 Danavation Technologies pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Danavation Technologies pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Danavation Technologies pink sheet over time.
Current vs Lagged Prices |
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Danavation Technologies Lagged Returns
When evaluating Danavation Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Danavation Technologies pink sheet have on its future price. Danavation Technologies 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, Danavation Technologies autocorrelation shows the relationship between Danavation Technologies pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Danavation Technologies Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Danavation Pink Sheet
Danavation Technologies financial ratios help investors to determine whether Danavation Pink Sheet 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 Danavation with respect to the benefits of owning Danavation Technologies security.