Devvstream Corp Common Stock Market Value
| DEVS Stock | 0.71 0.04 5.97% |
| Symbol | DevvStream |
Is Trading space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of DevvStream Corp. If investors know DevvStream will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about DevvStream Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of DevvStream Corp Common is measured differently than its book value, which is the value of DevvStream that is recorded on the company's balance sheet. Investors also form their own opinion of DevvStream Corp's value that differs from its market value or its book value, called intrinsic value, which is DevvStream Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because DevvStream Corp's market value can be influenced by many factors that don't directly affect DevvStream Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between DevvStream Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if DevvStream Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DevvStream Corp's 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.
DevvStream Corp '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 DevvStream Corp'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 DevvStream Corp.
| 12/29/2022 |
| 12/18/2024 |
If you would invest 0.00 in DevvStream Corp on December 29, 2022 and sell it all today you would earn a total of 0.00 from holding DevvStream Corp Common or generate 0.0% return on investment in DevvStream Corp over 720 days. DevvStream Corp is related to or competes with Energy Recovery, Arq, Federal Signal, Purecycle Technologies, Zurn Elkay, LiqTech International, and 374Water Common. DevvStream Corp is entity of United States More
DevvStream Corp 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 DevvStream Corp'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 DevvStream Corp Common upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 149.76 | |||
| Value At Risk | (18.18) | |||
| Potential Upside | 24.68 |
DevvStream Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DevvStream Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DevvStream Corp's standard deviation. In reality, there are many statistical measures that can use DevvStream Corp historical prices to predict the future DevvStream Corp's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (1.17) | |||
| Total Risk Alpha | (1.59) | |||
| Treynor Ratio | (0.29) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of DevvStream Corp'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.
DevvStream Corp Common Backtested Returns
DevvStream Corp Common secures Sharpe Ratio (or Efficiency) of -0.0506, which denotes the company had a -0.0506% return per unit of risk over the last 3 months. DevvStream Corp Common exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm DevvStream Corp's Mean Deviation of 10.51, variance of 419.53, and Standard Deviation of 20.48 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 3.79, 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, DevvStream Corp will likely underperform. At this point, DevvStream Corp Common has a negative expected return of -1.05%. Please make sure to confirm DevvStream Corp's treynor ratio and daily balance of power , to decide if DevvStream Corp Common performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.61 |
Very good reverse predictability
DevvStream Corp Common has very good reverse predictability. Overlapping area represents the amount of predictability between DevvStream Corp time series from 29th of December 2022 to 24th of December 2023 and 24th of December 2023 to 18th 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 DevvStream Corp Common price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current DevvStream Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 12.48 |
DevvStream Corp Common lagged returns against current returns
Autocorrelation, which is DevvStream Corp 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 DevvStream Corp's stock expected returns. We can calculate the autocorrelation of DevvStream Corp returns to help us make a trade decision. For example, suppose you find that DevvStream Corp 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 |
DevvStream Corp 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 DevvStream Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DevvStream Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DevvStream Corp stock over time.
Current vs Lagged Prices |
| Timeline |
DevvStream Corp Lagged Returns
When evaluating DevvStream Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DevvStream Corp stock have on its future price. DevvStream Corp 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, DevvStream Corp autocorrelation shows the relationship between DevvStream Corp stock current value and its past values and can show if there is a momentum factor associated with investing in DevvStream Corp Common.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for DevvStream Stock Analysis
When running DevvStream Corp's price analysis, check to measure DevvStream Corp'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 DevvStream Corp is operating at the current time. Most of DevvStream Corp's value examination focuses on studying past and present price action to predict the probability of DevvStream Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DevvStream Corp's price. Additionally, you may evaluate how the addition of DevvStream Corp to your portfolios can decrease your overall portfolio volatility.