Distoken Acquisition Stock Market Value
| DISTR Stock | 0.11 0.01 10.00% |
| Symbol | Distoken |
Is Multi-Sector Holdings 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 Distoken Acquisition. If investors know Distoken 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 Distoken Acquisition 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 Distoken Acquisition is measured differently than its book value, which is the value of Distoken that is recorded on the company's balance sheet. Investors also form their own opinion of Distoken Acquisition's value that differs from its market value or its book value, called intrinsic value, which is Distoken Acquisition'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 Distoken Acquisition's market value can be influenced by many factors that don't directly affect Distoken Acquisition'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 Distoken Acquisition's value and its price as these two are different measures arrived at by different means. Investors typically determine if Distoken Acquisition is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Distoken Acquisition'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.
Distoken Acquisition '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 Distoken Acquisition'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 Distoken Acquisition.
| 10/13/2024 |
| 12/12/2024 |
If you would invest 0.00 in Distoken Acquisition on October 13, 2024 and sell it all today you would earn a total of 0.00 from holding Distoken Acquisition or generate 0.0% return on investment in Distoken Acquisition over 60 days. Distoken Acquisition is related to or competes with Visa, Diamond Hill, Distoken Acquisition, AllianceBernstein, Associated Capital, Brookfield Corp, and Blackstone. Distoken Acquisition is entity of United States More
Distoken Acquisition 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 Distoken Acquisition'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 Distoken Acquisition upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 14.05 | |||
| Information Ratio | 0.0806 | |||
| Maximum Drawdown | 57.06 | |||
| Value At Risk | (18.18) | |||
| Potential Upside | 16.67 |
Distoken Acquisition Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Distoken Acquisition's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Distoken Acquisition's standard deviation. In reality, there are many statistical measures that can use Distoken Acquisition historical prices to predict the future Distoken Acquisition's volatility.| Risk Adjusted Performance | 0.0763 | |||
| Jensen Alpha | 0.748 | |||
| Total Risk Alpha | (0.68) | |||
| Sortino Ratio | 0.0582 | |||
| Treynor Ratio | 0.5799 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Distoken Acquisition'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.
Distoken Acquisition Backtested Returns
Distoken Acquisition secures Sharpe Ratio (or Efficiency) of -0.0244, which denotes the company had a -0.0244% return per unit of risk over the last 3 months. Distoken Acquisition exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Distoken Acquisition's Mean Deviation of 6.55, coefficient of variation of 1077.35, and Downside Deviation of 14.05 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.61, 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, Distoken Acquisition will likely underperform. At this point, Distoken Acquisition has a negative expected return of -0.22%. Please make sure to confirm Distoken Acquisition's potential upside, as well as the relationship between the accumulation distribution and price action indicator , to decide if Distoken Acquisition performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.47 |
Average predictability
Distoken Acquisition has average predictability. Overlapping area represents the amount of predictability between Distoken Acquisition time series from 13th of October 2024 to 12th of November 2024 and 12th of November 2024 to 12th 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 Distoken Acquisition price movement. The serial correlation of 0.47 indicates that about 47.0% of current Distoken Acquisition price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Distoken Acquisition lagged returns against current returns
Autocorrelation, which is Distoken Acquisition 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 Distoken Acquisition's stock expected returns. We can calculate the autocorrelation of Distoken Acquisition returns to help us make a trade decision. For example, suppose you find that Distoken Acquisition 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 |
Distoken Acquisition 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 Distoken Acquisition stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Distoken Acquisition stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Distoken Acquisition stock over time.
Current vs Lagged Prices |
| Timeline |
Distoken Acquisition Lagged Returns
When evaluating Distoken Acquisition's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Distoken Acquisition stock have on its future price. Distoken Acquisition 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, Distoken Acquisition autocorrelation shows the relationship between Distoken Acquisition stock current value and its past values and can show if there is a momentum factor associated with investing in Distoken Acquisition.
Regressed Prices |
| Timeline |
Pair Trading with Distoken Acquisition
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 Distoken Acquisition 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 Distoken Acquisition will appreciate offsetting losses from the drop in the long position's value.Moving together with Distoken Stock
Moving against Distoken Stock
| 0.54 | WU | Western Union | PairCorr |
| 0.46 | RC | Ready Capital Corp | PairCorr |
| 0.41 | XP | Xp Inc | PairCorr |
| 0.38 | RM | Regional Management Corp Normal Trading | PairCorr |
| 0.33 | PT | Pintec Technology | PairCorr |
The ability to find closely correlated positions to Distoken Acquisition could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Distoken Acquisition 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 Distoken Acquisition - 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 Distoken Acquisition to buy it.
The correlation of Distoken Acquisition 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 Distoken Acquisition moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Distoken Acquisition 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 Distoken Acquisition 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 Distoken Stock Analysis
When running Distoken Acquisition's price analysis, check to measure Distoken Acquisition'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 Distoken Acquisition is operating at the current time. Most of Distoken Acquisition's value examination focuses on studying past and present price action to predict the probability of Distoken Acquisition's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Distoken Acquisition's price. Additionally, you may evaluate how the addition of Distoken Acquisition to your portfolios can decrease your overall portfolio volatility.