Dxp Enterprises Stock Market Value
| DXPE Stock | USD 71.33 2.21 3.20% |
| Symbol | DXP |
DXP Enterprises Price To Book Ratio
Is Trading Companies & Distributors 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 DXP Enterprises. If investors know DXP 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 DXP Enterprises 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 0.365 | Earnings Share 3.88 | Revenue Per Share 108.784 | Quarterly Revenue Growth 0.128 | Return On Assets 0.0751 |
The market value of DXP Enterprises is measured differently than its book value, which is the value of DXP that is recorded on the company's balance sheet. Investors also form their own opinion of DXP Enterprises' value that differs from its market value or its book value, called intrinsic value, which is DXP Enterprises' 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 DXP Enterprises' market value can be influenced by many factors that don't directly affect DXP Enterprises' 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 DXP Enterprises' value and its price as these two are different measures arrived at by different means. Investors typically determine if DXP Enterprises is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DXP Enterprises' 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.
DXP Enterprises '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 DXP Enterprises' 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 DXP Enterprises.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in DXP Enterprises on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding DXP Enterprises or generate 0.0% return on investment in DXP Enterprises over 720 days. DXP Enterprises is related to or competes with Global Industrial, BlueLinx Holdings, WESCO International, and MSC Industrial. DXP Enterprises, Inc., together with its subsidiaries, engages in distributing maintenance, repair, and operating produc... More
DXP Enterprises 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 DXP Enterprises' 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 DXP Enterprises upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.0 | |||
| Information Ratio | 0.1314 | |||
| Maximum Drawdown | 22.06 | |||
| Value At Risk | (2.97) | |||
| Potential Upside | 3.89 |
DXP Enterprises Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DXP Enterprises' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DXP Enterprises' standard deviation. In reality, there are many statistical measures that can use DXP Enterprises historical prices to predict the future DXP Enterprises' volatility.| Risk Adjusted Performance | 0.1372 | |||
| Jensen Alpha | 0.3387 | |||
| Total Risk Alpha | 0.0295 | |||
| Sortino Ratio | 0.2304 | |||
| Treynor Ratio | 0.2894 |
DXP Enterprises Backtested Returns
DXP Enterprises appears to be very steady, given 3 months investment horizon. DXP Enterprises secures Sharpe Ratio (or Efficiency) of 0.15, which denotes the company had a 0.15% return per unit of risk over the last 3 months. By evaluating DXP Enterprises' technical indicators, you can evaluate if the expected return of 0.53% is justified by implied risk. Please utilize DXP Enterprises' Semi Deviation of 1.64, mean deviation of 2.04, and Downside Deviation of 2.0 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, DXP Enterprises holds a performance score of 11. The firm shows a Beta (market volatility) of 2.01, 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, DXP Enterprises will likely underperform. Please check DXP Enterprises' treynor ratio, kurtosis, period momentum indicator, as well as the relationship between the downside variance and day median price , to make a quick decision on whether DXP Enterprises' price patterns will revert.
Auto-correlation | 0.23 |
Weak predictability
DXP Enterprises has weak predictability. Overlapping area represents the amount of predictability between DXP Enterprises time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 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 DXP Enterprises price movement. The serial correlation of 0.23 indicates that over 23.0% of current DXP Enterprises price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 93.78 |
DXP Enterprises lagged returns against current returns
Autocorrelation, which is DXP Enterprises 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 DXP Enterprises' stock expected returns. We can calculate the autocorrelation of DXP Enterprises returns to help us make a trade decision. For example, suppose you find that DXP Enterprises 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 |
DXP Enterprises 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 DXP Enterprises stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DXP Enterprises stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DXP Enterprises stock over time.
Current vs Lagged Prices |
| Timeline |
DXP Enterprises Lagged Returns
When evaluating DXP Enterprises' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DXP Enterprises stock have on its future price. DXP Enterprises 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, DXP Enterprises autocorrelation shows the relationship between DXP Enterprises stock current value and its past values and can show if there is a momentum factor associated with investing in DXP Enterprises.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether DXP Enterprises is a strong investment it is important to analyze DXP Enterprises' 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 DXP Enterprises' future performance. For an informed investment choice regarding DXP Stock, refer to the following important reports:Check out DXP Enterprises Correlation, DXP Enterprises Volatility and DXP Enterprises Alpha and Beta module to complement your research on DXP Enterprises. For information on how to trade DXP Stock refer to our How to Trade DXP Stock guide.You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
DXP Enterprises 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.