DAIKIN INDUSTRUNSPADR (Germany) Market Value
| DKIA Stock | EUR 10.70 0.10 0.93% |
| Symbol | DAIKIN |
DAIKIN INDUSTRUNSPADR '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 DAIKIN INDUSTRUNSPADR'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 DAIKIN INDUSTRUNSPADR.
| 11/21/2024 |
| 12/21/2024 |
If you would invest 0.00 in DAIKIN INDUSTRUNSPADR on November 21, 2024 and sell it all today you would earn a total of 0.00 from holding DAIKIN INDUSTRUNSPADR or generate 0.0% return on investment in DAIKIN INDUSTRUNSPADR over 30 days. DAIKIN INDUSTRUNSPADR is related to or competes with Carrier Global, Superior Plus, Origin Agritech, INTUITIVE SURGICAL, Intel, Reliance Steel, and Rolls Royce. Daikin Industries, Ltd. manufactures, distributes, and sells air-conditioning and refrigeration equipment, and chemical ... More
DAIKIN INDUSTRUNSPADR 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 DAIKIN INDUSTRUNSPADR'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 DAIKIN INDUSTRUNSPADR upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 10.78 | |||
| Value At Risk | (2.63) | |||
| Potential Upside | 2.79 |
DAIKIN INDUSTRUNSPADR Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DAIKIN INDUSTRUNSPADR's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DAIKIN INDUSTRUNSPADR's standard deviation. In reality, there are many statistical measures that can use DAIKIN INDUSTRUNSPADR historical prices to predict the future DAIKIN INDUSTRUNSPADR's volatility.| Risk Adjusted Performance | 0.0014 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (0.13) |
DAIKIN INDUSTRUNSPADR Backtested Returns
DAIKIN INDUSTRUNSPADR secures Sharpe Ratio (or Efficiency) of -0.0132, which denotes the company had a -0.0132% return per unit of return volatility over the last 3 months. DAIKIN INDUSTRUNSPADR exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm DAIKIN INDUSTRUNSPADR's mean deviation of 1.29, and Standard Deviation of 1.79 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.15, which means not very significant fluctuations relative to the market. As returns on the market increase, DAIKIN INDUSTRUNSPADR's returns are expected to increase less than the market. However, during the bear market, the loss of holding DAIKIN INDUSTRUNSPADR is expected to be smaller as well. At this point, DAIKIN INDUSTRUNSPADR has a negative expected return of -0.0238%. Please make sure to confirm DAIKIN INDUSTRUNSPADR's jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if DAIKIN INDUSTRUNSPADR performance from the past will be repeated at some future date.
Auto-correlation | -0.45 |
Modest reverse predictability
DAIKIN INDUSTRUNSPADR has modest reverse predictability. Overlapping area represents the amount of predictability between DAIKIN INDUSTRUNSPADR time series from 21st of November 2024 to 6th of December 2024 and 6th of December 2024 to 21st 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 DAIKIN INDUSTRUNSPADR price movement. The serial correlation of -0.45 indicates that just about 45.0% of current DAIKIN INDUSTRUNSPADR price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | -0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
DAIKIN INDUSTRUNSPADR lagged returns against current returns
Autocorrelation, which is DAIKIN INDUSTRUNSPADR 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 DAIKIN INDUSTRUNSPADR's stock expected returns. We can calculate the autocorrelation of DAIKIN INDUSTRUNSPADR returns to help us make a trade decision. For example, suppose you find that DAIKIN INDUSTRUNSPADR 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 |
DAIKIN INDUSTRUNSPADR 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 DAIKIN INDUSTRUNSPADR stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DAIKIN INDUSTRUNSPADR stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DAIKIN INDUSTRUNSPADR stock over time.
Current vs Lagged Prices |
| Timeline |
DAIKIN INDUSTRUNSPADR Lagged Returns
When evaluating DAIKIN INDUSTRUNSPADR's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DAIKIN INDUSTRUNSPADR stock have on its future price. DAIKIN INDUSTRUNSPADR 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, DAIKIN INDUSTRUNSPADR autocorrelation shows the relationship between DAIKIN INDUSTRUNSPADR stock current value and its past values and can show if there is a momentum factor associated with investing in DAIKIN INDUSTRUNSPADR.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in DAIKIN Stock
DAIKIN INDUSTRUNSPADR financial ratios help investors to determine whether DAIKIN Stock 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 DAIKIN with respect to the benefits of owning DAIKIN INDUSTRUNSPADR security.