Dentsply Sirona (Germany) Market Value
| DY2 Stock | EUR 17.82 0.10 0.56% |
| Symbol | Dentsply |
Dentsply Sirona '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 Sirona'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 Sirona.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Dentsply Sirona on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Dentsply Sirona or generate 0.0% return on investment in Dentsply Sirona over 30 days. Dentsply Sirona is related to or competes with Major Drilling, FIREWEED METALS, Jacquet Metal, Aluminumof China, GFL ENVIRONM, and SIMS METAL. DENTSPLY SIRONA Inc. designs, develops, manufactures, distributes, and sells various dental products and technologies pr... More
Dentsply Sirona 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 Sirona'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 Sirona upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 32.63 | |||
| Value At Risk | (2.18) | |||
| Potential Upside | 3.73 |
Dentsply Sirona Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dentsply Sirona's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dentsply Sirona's standard deviation. In reality, there are many statistical measures that can use Dentsply Sirona historical prices to predict the future Dentsply Sirona's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.35) | |||
| Total Risk Alpha | (0.87) | |||
| Treynor Ratio | (0.39) |
Dentsply Sirona Backtested Returns
Dentsply Sirona secures Sharpe Ratio (or Efficiency) of -0.0681, which denotes the company had a -0.0681% return per unit of risk over the last 3 months. Dentsply Sirona exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Dentsply Sirona's Variance of 14.82, mean deviation of 1.8, and Standard Deviation of 3.85 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.68, which means possible diversification benefits within a given portfolio. As returns on the market increase, Dentsply Sirona's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dentsply Sirona is expected to be smaller as well. At this point, Dentsply Sirona has a negative expected return of -0.26%. Please make sure to confirm Dentsply Sirona's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Dentsply Sirona performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.64 |
Very good reverse predictability
Dentsply Sirona has very good reverse predictability. Overlapping area represents the amount of predictability between Dentsply Sirona 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 Dentsply Sirona price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current Dentsply Sirona price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.22 |
Dentsply Sirona lagged returns against current returns
Autocorrelation, which is Dentsply Sirona 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 Sirona's stock expected returns. We can calculate the autocorrelation of Dentsply Sirona returns to help us make a trade decision. For example, suppose you find that Dentsply Sirona 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 Sirona 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 Sirona stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dentsply Sirona stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dentsply Sirona stock over time.
Current vs Lagged Prices |
| Timeline |
Dentsply Sirona Lagged Returns
When evaluating Dentsply Sirona's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dentsply Sirona stock have on its future price. Dentsply Sirona 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 Sirona autocorrelation shows the relationship between Dentsply Sirona stock current value and its past values and can show if there is a momentum factor associated with investing in Dentsply Sirona.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Dentsply Stock
When determining whether Dentsply Sirona offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Dentsply Sirona's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Dentsply Sirona Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Dentsply Sirona Stock:Check out Dentsply Sirona Correlation, Dentsply Sirona Volatility and Dentsply Sirona Alpha and Beta module to complement your research on Dentsply Sirona. For more detail on how to invest in Dentsply Stock please use our How to Invest in Dentsply Sirona guide.You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Dentsply Sirona 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.