DIGNITY HEALTH 3812 Market Value
| 254010AD3 | 97.92 0.00 0.00% |
| Symbol | DIGNITY |
DIGNITY '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 DIGNITY's bond 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 DIGNITY.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in DIGNITY on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding DIGNITY HEALTH 3812 or generate 0.0% return on investment in DIGNITY over 540 days. DIGNITY is related to or competes with Datadog, Paysafe, Nextplat Corp, Cadence Design, Lipocine, Asure Software, and Arrow Electronics. More
DIGNITY 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 DIGNITY's bond 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 DIGNITY HEALTH 3812 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 4.31 | |||
| Value At Risk | (1.30) | |||
| Potential Upside | 0.7297 |
DIGNITY Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DIGNITY's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DIGNITY's standard deviation. In reality, there are many statistical measures that can use DIGNITY historical prices to predict the future DIGNITY's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | 0.0139 | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | 0.0672 |
DIGNITY HEALTH 3812 Backtested Returns
DIGNITY HEALTH 3812 secures Sharpe Ratio (or Efficiency) of -0.0791, which denotes the bond had a -0.0791% return per unit of return volatility over the last 3 months. DIGNITY HEALTH 3812 exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm DIGNITY's standard deviation of 0.6665, and Mean Deviation of 0.3527 to check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.29, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning DIGNITY are expected to decrease at a much lower rate. During the bear market, DIGNITY is likely to outperform the market.
Auto-correlation | 0.04 |
Virtually no predictability
DIGNITY HEALTH 3812 has virtually no predictability. Overlapping area represents the amount of predictability between DIGNITY time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 DIGNITY HEALTH 3812 price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current DIGNITY price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.25 |
DIGNITY HEALTH 3812 lagged returns against current returns
Autocorrelation, which is DIGNITY bond'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 DIGNITY's bond expected returns. We can calculate the autocorrelation of DIGNITY returns to help us make a trade decision. For example, suppose you find that DIGNITY has exhibited high autocorrelation historically, and you observe that the bond 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 |
DIGNITY 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 DIGNITY bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DIGNITY bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DIGNITY bond over time.
Current vs Lagged Prices |
| Timeline |
DIGNITY Lagged Returns
When evaluating DIGNITY's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DIGNITY bond have on its future price. DIGNITY 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, DIGNITY autocorrelation shows the relationship between DIGNITY bond current value and its past values and can show if there is a momentum factor associated with investing in DIGNITY HEALTH 3812.
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 DIGNITY Bond
DIGNITY financial ratios help investors to determine whether DIGNITY Bond 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 DIGNITY with respect to the benefits of owning DIGNITY security.