Detalion Games (Poland) Market Value
| DEG Stock | 1.00 0.04 4.17% |
| Symbol | Detalion |
Please note, there is a significant difference between Detalion Games' value and its price as these two are different measures arrived at by different means. Investors typically determine if Detalion Games is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Detalion Games' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Detalion Games '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 Detalion Games' 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 Detalion Games.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Detalion Games on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Detalion Games SA or generate 0.0% return on investment in Detalion Games over 30 days. Detalion Games is related to or competes with Banco Santander, UniCredit SpA, CEZ As, Polski Koncern, Dino Polska, Allegroeu, and Santander Bank. More
Detalion Games 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 Detalion Games' 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 Detalion Games SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 24.52 | |||
| Value At Risk | (8.42) | |||
| Potential Upside | 4.84 |
Detalion Games Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Detalion Games' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Detalion Games' standard deviation. In reality, there are many statistical measures that can use Detalion Games historical prices to predict the future Detalion Games' volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.87) | |||
| Total Risk Alpha | (1.49) | |||
| Treynor Ratio | 11.29 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Detalion Games' 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.
Detalion Games SA Backtested Returns
Detalion Games SA secures Sharpe Ratio (or Efficiency) of -0.21, which denotes the company had a -0.21% return per unit of risk over the last 3 months. Detalion Games SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Detalion Games' Mean Deviation of 2.47, variance of 16.59, and Standard Deviation of 4.07 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0775, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Detalion Games are expected to decrease at a much lower rate. During the bear market, Detalion Games is likely to outperform the market. At this point, Detalion Games SA has a negative expected return of -0.86%. Please make sure to confirm Detalion Games' skewness, as well as the relationship between the rate of daily change and price action indicator , to decide if Detalion Games SA performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.2 |
Insignificant reverse predictability
Detalion Games SA has insignificant reverse predictability. Overlapping area represents the amount of predictability between Detalion Games time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Detalion Games SA price movement. The serial correlation of -0.2 indicates that over 20.0% of current Detalion Games price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | -0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Detalion Games SA lagged returns against current returns
Autocorrelation, which is Detalion Games 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 Detalion Games' stock expected returns. We can calculate the autocorrelation of Detalion Games returns to help us make a trade decision. For example, suppose you find that Detalion Games 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 |
Detalion Games 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 Detalion Games stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Detalion Games stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Detalion Games stock over time.
Current vs Lagged Prices |
| Timeline |
Detalion Games Lagged Returns
When evaluating Detalion Games' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Detalion Games stock have on its future price. Detalion Games 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, Detalion Games autocorrelation shows the relationship between Detalion Games stock current value and its past values and can show if there is a momentum factor associated with investing in Detalion Games SA.
Regressed Prices |
| Timeline |
Pair Trading with Detalion Games
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Detalion Games position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Detalion Games will appreciate offsetting losses from the drop in the long position's value.Moving together with Detalion Stock
Moving against Detalion Stock
| 0.79 | CEZ | CEZ as | PairCorr |
| 0.68 | DNP | Dino Polska SA | PairCorr |
| 0.55 | UCG | UniCredit SpA | PairCorr |
| 0.5 | SAN | Banco Santander SA | PairCorr |
| 0.4 | NOV | Novina SA | PairCorr |
The ability to find closely correlated positions to Detalion Games could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Detalion Games when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Detalion Games - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Detalion Games SA to buy it.
The correlation of Detalion Games is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Detalion Games moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Detalion Games SA moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Detalion Games can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Detalion Stock Analysis
When running Detalion Games' price analysis, check to measure Detalion Games' 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 Detalion Games is operating at the current time. Most of Detalion Games' value examination focuses on studying past and present price action to predict the probability of Detalion Games' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Detalion Games' price. Additionally, you may evaluate how the addition of Detalion Games to your portfolios can decrease your overall portfolio volatility.