Dmg Blockchain Solutions Stock Market Value
| DMGI Stock | CAD 0.47 0.03 6.82% |
| Symbol | Dmg |
Dmg Blockchain Solutions Price To Book Ratio
Dmg Blockchain '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 Dmg Blockchain'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 Dmg Blockchain.
| 12/18/2023 |
| 12/12/2024 |
If you would invest 0.00 in Dmg Blockchain on December 18, 2023 and sell it all today you would earn a total of 0.00 from holding Dmg Blockchain Solutions or generate 0.0% return on investment in Dmg Blockchain over 360 days. Dmg Blockchain is related to or competes with Slate Grocery, Morguard Real, IShares Canadian, Altagas Cum, RBC Discount, and IShares SPTSX. DMG Blockchain Solutions Inc. operates as a blockchain and cryptocurrency company in Canada More
Dmg Blockchain 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 Dmg Blockchain'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 Dmg Blockchain Solutions upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.65 | |||
| Information Ratio | 0.0166 | |||
| Maximum Drawdown | 37.03 | |||
| Value At Risk | (7.55) | |||
| Potential Upside | 10.0 |
Dmg Blockchain Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dmg Blockchain's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dmg Blockchain's standard deviation. In reality, there are many statistical measures that can use Dmg Blockchain historical prices to predict the future Dmg Blockchain's volatility.| Risk Adjusted Performance | 0.0348 | |||
| Jensen Alpha | 0.1737 | |||
| Total Risk Alpha | (0.80) | |||
| Sortino Ratio | 0.0188 | |||
| Treynor Ratio | 0.5368 |
Dmg Blockchain Solutions Backtested Returns
At this stage we consider Dmg Stock to be out of control. Dmg Blockchain Solutions secures Sharpe Ratio (or Efficiency) of 0.0211, which denotes the company had a 0.0211% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Dmg Blockchain Solutions, which you can use to evaluate the volatility of the firm. Please confirm Dmg Blockchain's Downside Deviation of 5.65, coefficient of variation of 2782.58, and Mean Deviation of 4.92 to check if the risk estimate we provide is consistent with the expected return of 0.14%. Dmg Blockchain has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.41, which means possible diversification benefits within a given portfolio. As returns on the market increase, Dmg Blockchain's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dmg Blockchain is expected to be smaller as well. Dmg Blockchain Solutions right now shows a risk of 6.51%. Please confirm Dmg Blockchain Solutions coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to decide if Dmg Blockchain Solutions will be following its price patterns.
Auto-correlation | -0.17 |
Insignificant reverse predictability
Dmg Blockchain Solutions has insignificant reverse predictability. Overlapping area represents the amount of predictability between Dmg Blockchain time series from 18th of December 2023 to 15th of June 2024 and 15th of June 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 Dmg Blockchain Solutions price movement. The serial correlation of -0.17 indicates that over 17.0% of current Dmg Blockchain price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Dmg Blockchain Solutions lagged returns against current returns
Autocorrelation, which is Dmg Blockchain 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 Dmg Blockchain's stock expected returns. We can calculate the autocorrelation of Dmg Blockchain returns to help us make a trade decision. For example, suppose you find that Dmg Blockchain 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 |
Dmg Blockchain 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 Dmg Blockchain stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dmg Blockchain stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dmg Blockchain stock over time.
Current vs Lagged Prices |
| Timeline |
Dmg Blockchain Lagged Returns
When evaluating Dmg Blockchain's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dmg Blockchain stock have on its future price. Dmg Blockchain 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, Dmg Blockchain autocorrelation shows the relationship between Dmg Blockchain stock current value and its past values and can show if there is a momentum factor associated with investing in Dmg Blockchain Solutions.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Dmg Stock Analysis
When running Dmg Blockchain's price analysis, check to measure Dmg Blockchain'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 Dmg Blockchain is operating at the current time. Most of Dmg Blockchain's value examination focuses on studying past and present price action to predict the probability of Dmg Blockchain's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dmg Blockchain's price. Additionally, you may evaluate how the addition of Dmg Blockchain to your portfolios can decrease your overall portfolio volatility.