Diamondrock Hospitality (Germany) Market Value
| HBO Stock | 8.60 0.15 1.71% |
| Symbol | Diamondrock |
Diamondrock Hospitality '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 Diamondrock Hospitality'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 Diamondrock Hospitality.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in Diamondrock Hospitality on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding Diamondrock Hospitality Co or generate 0.0% return on investment in Diamondrock Hospitality over 180 days. Diamondrock Hospitality is related to or competes with PennantPark Investment, Evolution Mining, New Residential, KENNAMETAL INC, MGIC INVESTMENT, Apollo Investment, and Jacquet Metal. More
Diamondrock Hospitality 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 Diamondrock Hospitality'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 Diamondrock Hospitality Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.64 | |||
| Information Ratio | 0.0334 | |||
| Maximum Drawdown | 10.56 | |||
| Value At Risk | (2.38) | |||
| Potential Upside | 3.09 |
Diamondrock Hospitality Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Diamondrock Hospitality's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Diamondrock Hospitality's standard deviation. In reality, there are many statistical measures that can use Diamondrock Hospitality historical prices to predict the future Diamondrock Hospitality's volatility.| Risk Adjusted Performance | 0.0851 | |||
| Jensen Alpha | 0.0052 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | 0.0373 | |||
| Treynor Ratio | 0.1222 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Diamondrock Hospitality's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Diamondrock Hospitality Backtested Returns
Diamondrock Hospitality appears to be not too volatile, given 3 months investment horizon. Diamondrock Hospitality secures Sharpe Ratio (or Efficiency) of 0.11, which denotes the company had a 0.11% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Diamondrock Hospitality Co, which you can use to evaluate the volatility of the firm. Please utilize Diamondrock Hospitality's Mean Deviation of 1.26, downside deviation of 1.64, and Semi Deviation of 1.2 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Diamondrock Hospitality holds a performance score of 8. The firm shows a Beta (market volatility) of 1.47, 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, Diamondrock Hospitality will likely underperform. Please check Diamondrock Hospitality's sortino ratio, semi variance, and the relationship between the information ratio and value at risk , to make a quick decision on whether Diamondrock Hospitality's price patterns will revert.
Auto-correlation | -0.28 |
Weak reverse predictability
Diamondrock Hospitality Co has weak reverse predictability. Overlapping area represents the amount of predictability between Diamondrock Hospitality time series from 30th of May 2024 to 28th of August 2024 and 28th of August 2024 to 26th 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 Diamondrock Hospitality price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Diamondrock Hospitality price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Diamondrock Hospitality lagged returns against current returns
Autocorrelation, which is Diamondrock Hospitality 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 Diamondrock Hospitality's stock expected returns. We can calculate the autocorrelation of Diamondrock Hospitality returns to help us make a trade decision. For example, suppose you find that Diamondrock Hospitality 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 |
Diamondrock Hospitality 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 Diamondrock Hospitality stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Diamondrock Hospitality stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Diamondrock Hospitality stock over time.
Current vs Lagged Prices |
| Timeline |
Diamondrock Hospitality Lagged Returns
When evaluating Diamondrock Hospitality's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Diamondrock Hospitality stock have on its future price. Diamondrock Hospitality 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, Diamondrock Hospitality autocorrelation shows the relationship between Diamondrock Hospitality stock current value and its past values and can show if there is a momentum factor associated with investing in Diamondrock Hospitality Co.
Regressed Prices |
| Timeline |
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Additional Tools for Diamondrock Stock Analysis
When running Diamondrock Hospitality's price analysis, check to measure Diamondrock Hospitality'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 Diamondrock Hospitality is operating at the current time. Most of Diamondrock Hospitality's value examination focuses on studying past and present price action to predict the probability of Diamondrock Hospitality's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Diamondrock Hospitality's price. Additionally, you may evaluate how the addition of Diamondrock Hospitality to your portfolios can decrease your overall portfolio volatility.