Dowlais Group's market value is the price at which a share of Dowlais Group trades on a public exchange. It measures the collective expectations of Dowlais Group plc investors about its performance. Dowlais Group is trading at 0.65 as of the 26th of November 2024. This is a No Change since the beginning of the trading day. The stock's lowest day price was 0.65. With this module, you can estimate the performance of a buy and hold strategy of Dowlais Group plc and determine expected loss or profit from investing in Dowlais Group over a given investment horizon. Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Symbol
Dowlais
Dowlais Group '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 Dowlais Group's 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 Dowlais Group.
0.00
05/30/2024
No Change 0.00
0.0
In 5 months and 30 days
11/26/2024
0.00
If you would invest 0.00 in Dowlais Group on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding Dowlais Group plc or generate 0.0% return on investment in Dowlais Group over 180 days.
Dowlais Group 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 Dowlais Group's 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 Dowlais Group plc upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dowlais Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dowlais Group's standard deviation. In reality, there are many statistical measures that can use Dowlais Group historical prices to predict the future Dowlais Group's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Dowlais Group. Your research has to be compared to or analyzed against Dowlais Group's peers to derive any actionable benefits. When done correctly, Dowlais Group's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Dowlais Group plc.
Dowlais Group plc Backtested Returns
Dowlais Group plc secures Sharpe Ratio (or Efficiency) of -0.11, which denotes the company had a -0.11% return per unit of risk over the last 3 months. Dowlais Group plc exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Dowlais Group's Mean Deviation of 1.33, variance of 6.6, and Standard Deviation of 2.57 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.43, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Dowlais Group are expected to decrease at a much lower rate. During the bear market, Dowlais Group is likely to outperform the market. At this point, Dowlais Group plc has a negative expected return of -0.29%. Please make sure to confirm Dowlais Group's maximum drawdown, skewness, as well as the relationship between the Skewness and day median price , to decide if Dowlais Group plc performance from the past will be repeated at some point in the near future.
Auto-correlation
0.74
Good predictability
Dowlais Group plc has good predictability. Overlapping area represents the amount of predictability between Dowlais Group time series from 30th of May 2024 to 28th of August 2024 and 28th of August 2024 to 26th 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 Dowlais Group plc price movement. The serial correlation of 0.74 indicates that around 74.0% of current Dowlais Group price fluctuation can be explain by its past prices.
Correlation Coefficient
0.74
Spearman Rank Test
0.51
Residual Average
0.0
Price Variance
0.01
Dowlais Group plc lagged returns against current returns
Autocorrelation, which is Dowlais Group 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 Dowlais Group's pink sheet expected returns. We can calculate the autocorrelation of Dowlais Group returns to help us make a trade decision. For example, suppose you find that Dowlais Group 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
Timeline
Dowlais Group 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 Dowlais Group pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dowlais Group pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dowlais Group pink sheet over time.
Current vs Lagged Prices
Timeline
Dowlais Group Lagged Returns
When evaluating Dowlais Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dowlais Group pink sheet have on its future price. Dowlais Group 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, Dowlais Group autocorrelation shows the relationship between Dowlais Group pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Dowlais Group plc.