DENTSPLY INTL (Germany) Market Value
| DY2 Stock | EUR 18.48 0.02 0.11% |
| Symbol | DENTSPLY |
DENTSPLY INTL '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 DENTSPLY INTL'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 DENTSPLY INTL.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in DENTSPLY INTL on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding DENTSPLY INTL or generate 0.0% return on investment in DENTSPLY INTL over 720 days. DENTSPLY INTL is related to or competes with CITY OFFICE, Singapore Telecommunicatio, Spirent Communications, Gamma Communications, Charter Communications, and SIEM OFFSHORE. More
DENTSPLY INTL 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 DENTSPLY INTL'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 DENTSPLY INTL upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 31.15 | |||
| Value At Risk | (3.02) | |||
| Potential Upside | 2.85 |
DENTSPLY INTL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DENTSPLY INTL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DENTSPLY INTL's standard deviation. In reality, there are many statistical measures that can use DENTSPLY INTL historical prices to predict the future DENTSPLY INTL's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.33) | |||
| Total Risk Alpha | (0.87) | |||
| Treynor Ratio | (0.30) |
DENTSPLY INTL Backtested Returns
DENTSPLY INTL secures Sharpe Ratio (or Efficiency) of -0.0561, which denotes the company had a -0.0561% return per unit of risk over the last 3 months. DENTSPLY INTL exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm DENTSPLY INTL's Standard Deviation of 3.83, mean deviation of 1.75, and Coefficient Of Variation of (1,760) to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.77, which means possible diversification benefits within a given portfolio. As returns on the market increase, DENTSPLY INTL's returns are expected to increase less than the market. However, during the bear market, the loss of holding DENTSPLY INTL is expected to be smaller as well. At this point, DENTSPLY INTL has a negative expected return of -0.21%. Please make sure to confirm DENTSPLY INTL's treynor ratio, potential upside, and the relationship between the total risk alpha and maximum drawdown , to decide if DENTSPLY INTL performance from the past will be repeated in the future.
Auto-correlation | 0.26 |
Poor predictability
DENTSPLY INTL has poor predictability. Overlapping area represents the amount of predictability between DENTSPLY INTL time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st of December 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 DENTSPLY INTL price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current DENTSPLY INTL price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 17.04 |
DENTSPLY INTL lagged returns against current returns
Autocorrelation, which is DENTSPLY INTL 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 DENTSPLY INTL's stock expected returns. We can calculate the autocorrelation of DENTSPLY INTL returns to help us make a trade decision. For example, suppose you find that DENTSPLY INTL 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 |
DENTSPLY INTL 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 DENTSPLY INTL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DENTSPLY INTL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DENTSPLY INTL stock over time.
Current vs Lagged Prices |
| Timeline |
DENTSPLY INTL Lagged Returns
When evaluating DENTSPLY INTL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DENTSPLY INTL stock have on its future price. DENTSPLY INTL 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, DENTSPLY INTL autocorrelation shows the relationship between DENTSPLY INTL stock current value and its past values and can show if there is a momentum factor associated with investing in DENTSPLY INTL.
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.Other Information on Investing in DENTSPLY Stock
DENTSPLY INTL financial ratios help investors to determine whether DENTSPLY Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in DENTSPLY with respect to the benefits of owning DENTSPLY INTL security.