Dexus Convenience (Australia) Market Value
| DXC Stock | 2.96 0.06 2.07% |
| Symbol | Dexus |
Dexus Convenience '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 Dexus Convenience'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 Dexus Convenience.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in Dexus Convenience on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding Dexus Convenience Retail or generate 0.0% return on investment in Dexus Convenience over 90 days. Dexus Convenience is related to or competes with Australian Unity, Champion Iron, Ridley, Peel Mining, Perpetual Credit, Telix Pharmaceuticals, and Talisman Mining. Dexus Convenience is entity of Australia More
Dexus Convenience 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 Dexus Convenience'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 Dexus Convenience Retail upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.26 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 6.97 | |||
| Value At Risk | (1.36) | |||
| Potential Upside | 1.67 |
Dexus Convenience Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dexus Convenience's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dexus Convenience's standard deviation. In reality, there are many statistical measures that can use Dexus Convenience historical prices to predict the future Dexus Convenience's volatility.| Risk Adjusted Performance | 0.0744 | |||
| Jensen Alpha | 0.0848 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 5.33 |
Dexus Convenience Retail Backtested Returns
Currently, Dexus Convenience Retail is somewhat reliable. Dexus Convenience Retail secures Sharpe Ratio (or Efficiency) of 0.0896, which denotes the company had a 0.0896% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Dexus Convenience Retail, which you can use to evaluate the volatility of the firm. Please confirm Dexus Convenience's Mean Deviation of 0.7225, downside deviation of 1.26, and Coefficient Of Variation of 1064.32 to check if the risk estimate we provide is consistent with the expected return of 0.0926%. Dexus Convenience has a performance score of 7 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0163, which means not very significant fluctuations relative to the market. As returns on the market increase, Dexus Convenience's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dexus Convenience is expected to be smaller as well. Dexus Convenience Retail right now shows a risk of 1.03%. Please confirm Dexus Convenience Retail treynor ratio, value at risk, downside variance, as well as the relationship between the maximum drawdown and potential upside , to decide if Dexus Convenience Retail will be following its price patterns.
Auto-correlation | -0.25 |
Weak reverse predictability
Dexus Convenience Retail has weak reverse predictability. Overlapping area represents the amount of predictability between Dexus Convenience time series from 29th of August 2024 to 13th of October 2024 and 13th of October 2024 to 27th 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 Dexus Convenience Retail price movement. The serial correlation of -0.25 indicates that over 25.0% of current Dexus Convenience price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Dexus Convenience Retail lagged returns against current returns
Autocorrelation, which is Dexus Convenience 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 Dexus Convenience's stock expected returns. We can calculate the autocorrelation of Dexus Convenience returns to help us make a trade decision. For example, suppose you find that Dexus Convenience 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 |
Dexus Convenience 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 Dexus Convenience stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dexus Convenience stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dexus Convenience stock over time.
Current vs Lagged Prices |
| Timeline |
Dexus Convenience Lagged Returns
When evaluating Dexus Convenience's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dexus Convenience stock have on its future price. Dexus Convenience 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, Dexus Convenience autocorrelation shows the relationship between Dexus Convenience stock current value and its past values and can show if there is a momentum factor associated with investing in Dexus Convenience Retail.
Regressed Prices |
| Timeline |
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Additional Tools for Dexus Stock Analysis
When running Dexus Convenience's price analysis, check to measure Dexus Convenience'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 Dexus Convenience is operating at the current time. Most of Dexus Convenience's value examination focuses on studying past and present price action to predict the probability of Dexus Convenience's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dexus Convenience's price. Additionally, you may evaluate how the addition of Dexus Convenience to your portfolios can decrease your overall portfolio volatility.