Damico International Shipping Stock Market Value
| DMCOF Stock | USD 4.32 0.04 0.93% |
| Symbol | DAmico |
DAmico International '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 DAmico International's otc 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 DAmico International.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in DAmico International on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding dAmico International Shipping or generate 0.0% return on investment in DAmico International over 30 days. DAmico International is related to or competes with AP Mller, COSCO SHIPPING, and Orient Overseas. dAmico International Shipping S.A., through its subsidiaries, operates as a marine transportation company worldwide More
DAmico International 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 DAmico International's otc 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 dAmico International Shipping upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.31) | |||
| Maximum Drawdown | 13.92 | |||
| Value At Risk | (4.28) | |||
| Potential Upside | 3.51 |
DAmico International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DAmico International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DAmico International's standard deviation. In reality, there are many statistical measures that can use DAmico International historical prices to predict the future DAmico International's volatility.| Risk Adjusted Performance | (0.19) | |||
| Jensen Alpha | (0.66) | |||
| Total Risk Alpha | (1.04) | |||
| Treynor Ratio | (4.01) |
dAmico International Backtested Returns
dAmico International secures Sharpe Ratio (or Efficiency) of -0.24, which denotes the company had a -0.24% return per unit of risk over the last 3 months. dAmico International Shipping exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm DAmico International's Coefficient Of Variation of (390.06), standard deviation of 2.44, and Risk Adjusted Performance of (0.19) to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.16, which means not very significant fluctuations relative to the market. As returns on the market increase, DAmico International's returns are expected to increase less than the market. However, during the bear market, the loss of holding DAmico International is expected to be smaller as well. At this point, dAmico International has a negative expected return of -0.53%. Please make sure to confirm DAmico International's kurtosis, and the relationship between the maximum drawdown and day median price , to decide if dAmico International performance from the past will be repeated at some future point.
Auto-correlation | 0.91 |
Excellent predictability
dAmico International Shipping has excellent predictability. Overlapping area represents the amount of predictability between DAmico International time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 dAmico International price movement. The serial correlation of 0.91 indicates that approximately 91.0% of current DAmico International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.91 | |
| Spearman Rank Test | 0.87 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
dAmico International lagged returns against current returns
Autocorrelation, which is DAmico International otc 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 DAmico International's otc stock expected returns. We can calculate the autocorrelation of DAmico International returns to help us make a trade decision. For example, suppose you find that DAmico International has exhibited high autocorrelation historically, and you observe that the otc 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 |
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DAmico International 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 DAmico International otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DAmico International otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DAmico International otc stock over time.
Current vs Lagged Prices |
| Timeline |
DAmico International Lagged Returns
When evaluating DAmico International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DAmico International otc stock have on its future price. DAmico International 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, DAmico International autocorrelation shows the relationship between DAmico International otc stock current value and its past values and can show if there is a momentum factor associated with investing in dAmico International Shipping.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in DAmico OTC Stock
DAmico International financial ratios help investors to determine whether DAmico OTC 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 DAmico with respect to the benefits of owning DAmico International security.