Destination Xl Group Stock Market Value
| DXLG Stock | USD 2.32 0.26 10.08% |
| Symbol | Destination |
Destination XL Group Price To Book Ratio
Is Specialty Retail space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Destination. If investors know Destination will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Destination listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.78) | Earnings Share 0.15 | Revenue Per Share 8.429 | Quarterly Revenue Growth (0.11) | Return On Assets 0.0364 |
The market value of Destination XL Group is measured differently than its book value, which is the value of Destination that is recorded on the company's balance sheet. Investors also form their own opinion of Destination's value that differs from its market value or its book value, called intrinsic value, which is Destination's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Destination's market value can be influenced by many factors that don't directly affect Destination's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Destination's value and its price as these two are different measures arrived at by different means. Investors typically determine if Destination is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Destination's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Destination '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 Destination'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 Destination.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Destination on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Destination XL Group or generate 0.0% return on investment in Destination over 30 days. Destination is related to or competes with Cato, Zumiez, Tillys, Duluth Holdings, Lands End, Citi Trends, and Shoe Carnival. Destination XL Group, Inc., together with its subsidiaries, operates as a specialty retailer of big and tall mens clothi... More
Destination 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 Destination'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 Destination XL Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 14.71 | |||
| Value At Risk | (5.80) | |||
| Potential Upside | 4.73 |
Destination Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Destination's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Destination's standard deviation. In reality, there are many statistical measures that can use Destination historical prices to predict the future Destination's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.44) | |||
| Total Risk Alpha | (0.72) | |||
| Treynor Ratio | (0.13) |
Destination XL Group Backtested Returns
Destination XL Group secures Sharpe Ratio (or Efficiency) of -0.0758, which denotes the company had a -0.0758% return per unit of risk over the last 3 months. Destination XL Group exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Destination's Standard Deviation of 3.13, variance of 9.82, and Mean Deviation of 2.29 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.73, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Destination will likely underperform. At this point, Destination XL Group has a negative expected return of -0.23%. Please make sure to confirm Destination's skewness, as well as the relationship between the rate of daily change and price action indicator , to decide if Destination XL Group performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.87 |
Excellent reverse predictability
Destination XL Group has excellent reverse predictability. Overlapping area represents the amount of predictability between Destination 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 Destination XL Group price movement. The serial correlation of -0.87 indicates that approximately 87.0% of current Destination price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.87 | |
| Spearman Rank Test | -0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Destination XL Group lagged returns against current returns
Autocorrelation, which is Destination 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 Destination's stock expected returns. We can calculate the autocorrelation of Destination returns to help us make a trade decision. For example, suppose you find that Destination 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 |
Destination 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 Destination stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Destination stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Destination stock over time.
Current vs Lagged Prices |
| Timeline |
Destination Lagged Returns
When evaluating Destination's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Destination stock have on its future price. Destination 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, Destination autocorrelation shows the relationship between Destination stock current value and its past values and can show if there is a momentum factor associated with investing in Destination XL Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Destination XL Group is a strong investment it is important to analyze Destination's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Destination's future performance. For an informed investment choice regarding Destination Stock, refer to the following important reports:Check out Destination Correlation, Destination Volatility and Destination Alpha and Beta module to complement your research on Destination. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Destination technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.