Diamond Estates Wines Stock Market Value
| DWS Stock | CAD 0.23 0.01 4.55% |
| Symbol | Diamond |
Diamond Estates '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 Diamond Estates' 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 Diamond Estates.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Diamond Estates on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Diamond Estates Wines or generate 0.0% return on investment in Diamond Estates over 30 days. Diamond Estates is related to or competes with Information Services, Osisko Metals, Firan Technology, Northstar Clean, and Totally Hip. Diamond Estates Wines Spirits Inc. produces, markets, and sells wines in Canada, China, and internationally More
Diamond Estates 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 Diamond Estates' 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 Diamond Estates Wines upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 24.51 | |||
| Value At Risk | (6.45) | |||
| Potential Upside | 6.67 |
Diamond Estates Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Diamond Estates' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Diamond Estates' standard deviation. In reality, there are many statistical measures that can use Diamond Estates historical prices to predict the future Diamond Estates' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.35) | |||
| Total Risk Alpha | (0.96) | |||
| Treynor Ratio | (0.50) |
Diamond Estates Wines Backtested Returns
Diamond Estates Wines secures Sharpe Ratio (or Efficiency) of -0.0359, which denotes the company had a -0.0359% return per unit of standard deviation over the last 3 months. Diamond Estates Wines exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Diamond Estates' Coefficient Of Variation of (1,562), mean deviation of 3.09, and Standard Deviation of 4.28 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.56, which means possible diversification benefits within a given portfolio. As returns on the market increase, Diamond Estates' returns are expected to increase less than the market. However, during the bear market, the loss of holding Diamond Estates is expected to be smaller as well. At this point, Diamond Estates Wines has a negative expected return of -0.16%. Please make sure to confirm Diamond Estates' standard deviation, kurtosis, relative strength index, as well as the relationship between the maximum drawdown and day median price , to decide if Diamond Estates Wines performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.86 |
Very good predictability
Diamond Estates Wines has very good predictability. Overlapping area represents the amount of predictability between Diamond Estates time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Diamond Estates Wines price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current Diamond Estates price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.86 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Diamond Estates Wines lagged returns against current returns
Autocorrelation, which is Diamond Estates 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 Diamond Estates' stock expected returns. We can calculate the autocorrelation of Diamond Estates returns to help us make a trade decision. For example, suppose you find that Diamond Estates 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 |
Diamond Estates 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 Diamond Estates stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Diamond Estates stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Diamond Estates stock over time.
Current vs Lagged Prices |
| Timeline |
Diamond Estates Lagged Returns
When evaluating Diamond Estates' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Diamond Estates stock have on its future price. Diamond Estates 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, Diamond Estates autocorrelation shows the relationship between Diamond Estates stock current value and its past values and can show if there is a momentum factor associated with investing in Diamond Estates Wines.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Diamond Stock Analysis
When running Diamond Estates' price analysis, check to measure Diamond Estates' 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 Diamond Estates is operating at the current time. Most of Diamond Estates' value examination focuses on studying past and present price action to predict the probability of Diamond Estates' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Diamond Estates' price. Additionally, you may evaluate how the addition of Diamond Estates to your portfolios can decrease your overall portfolio volatility.