Dynamic Drill (Australia) Market Value
| DDB Stock | 0.28 0.00 0.00% |
| Symbol | Dynamic |
Dynamic Drill '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 Dynamic Drill'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 Dynamic Drill.
| 01/09/2023 |
| 12/29/2024 |
If you would invest 0.00 in Dynamic Drill on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding Dynamic Drill And or generate 0.0% return on investment in Dynamic Drill over 720 days. Dynamic Drill is related to or competes with Aneka Tambang, BHP Group, Rio Tinto, Macquarie Group, Westpac Banking, Australia, and ANZ Group. Dynamic Drill is entity of Australia. It is traded as Stock on AU exchange. More
Dynamic Drill 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 Dynamic Drill'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 Dynamic Drill And upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0267 | |||
| Maximum Drawdown | 7.69 |
Dynamic Drill Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dynamic Drill's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dynamic Drill's standard deviation. In reality, there are many statistical measures that can use Dynamic Drill historical prices to predict the future Dynamic Drill's volatility.| Risk Adjusted Performance | 0.048 | |||
| Jensen Alpha | 0.0502 | |||
| Total Risk Alpha | 0.021 | |||
| Treynor Ratio | 5.54 |
Dynamic Drill And Backtested Returns
Currently, Dynamic Drill And is extremely dangerous. Dynamic Drill And secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the company had a 0.13% return per unit of risk over the last 3 months. We have found sixteen technical indicators for Dynamic Drill And, which you can use to evaluate the volatility of the firm. Please confirm Dynamic Drill's Variance of 1.12, standard deviation of 1.06, and Mean Deviation of 0.2313 to check if the risk estimate we provide is consistent with the expected return of 0.12%. Dynamic Drill has a performance score of 9 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0091, which means not very significant fluctuations relative to the market. As returns on the market increase, Dynamic Drill's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dynamic Drill is expected to be smaller as well. Dynamic Drill And right now shows a risk of 0.96%. Please confirm Dynamic Drill And maximum drawdown, kurtosis, and the relationship between the treynor ratio and skewness , to decide if Dynamic Drill And will be following its price patterns.
Auto-correlation | -0.4 |
Poor reverse predictability
Dynamic Drill And has poor reverse predictability. Overlapping area represents the amount of predictability between Dynamic Drill time series from 9th of January 2023 to 4th of January 2024 and 4th of January 2024 to 29th 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 Dynamic Drill And price movement. The serial correlation of -0.4 indicates that just about 40.0% of current Dynamic Drill price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Dynamic Drill And lagged returns against current returns
Autocorrelation, which is Dynamic Drill 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 Dynamic Drill's stock expected returns. We can calculate the autocorrelation of Dynamic Drill returns to help us make a trade decision. For example, suppose you find that Dynamic Drill 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 |
Dynamic Drill 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 Dynamic Drill stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dynamic Drill stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dynamic Drill stock over time.
Current vs Lagged Prices |
| Timeline |
Dynamic Drill Lagged Returns
When evaluating Dynamic Drill's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dynamic Drill stock have on its future price. Dynamic Drill 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, Dynamic Drill autocorrelation shows the relationship between Dynamic Drill stock current value and its past values and can show if there is a momentum factor associated with investing in Dynamic Drill And.
Regressed Prices |
| Timeline |
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Additional Tools for Dynamic Stock Analysis
When running Dynamic Drill's price analysis, check to measure Dynamic Drill'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 Dynamic Drill is operating at the current time. Most of Dynamic Drill's value examination focuses on studying past and present price action to predict the probability of Dynamic Drill's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dynamic Drill's price. Additionally, you may evaluate how the addition of Dynamic Drill to your portfolios can decrease your overall portfolio volatility.