Dmy Squared Technology Stock Market Value
| DMYY Stock | 10.65 0.05 0.47% |
| Symbol | DMY |
dMY Squared Technology Company Valuation
Is Asset Management & Custody Banks 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 DMY Squared. If investors know DMY 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 DMY Squared listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.01) | Return On Assets (0.03) | Return On Equity 0.0022 |
The market value of dMY Squared Technology is measured differently than its book value, which is the value of DMY that is recorded on the company's balance sheet. Investors also form their own opinion of DMY Squared's value that differs from its market value or its book value, called intrinsic value, which is DMY Squared'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 DMY Squared's market value can be influenced by many factors that don't directly affect DMY Squared'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 DMY Squared's value and its price as these two are different measures arrived at by different means. Investors typically determine if DMY Squared is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DMY Squared'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.
DMY Squared '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 DMY Squared'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 DMY Squared.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in DMY Squared on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding dMY Squared Technology or generate 0.0% return on investment in DMY Squared over 30 days. DMY Squared is related to or competes with Visa, Diamond Hill, Distoken Acquisition, Associated Capital, Brookfield Corp, Blackstone, and Carlyle. DMY Squared is entity of United States. It is traded as Stock on NYSE MKT exchange. More
DMY Squared 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 DMY Squared'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 dMY Squared Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5858 | |||
| Information Ratio | (0.29) | |||
| Maximum Drawdown | 2.93 | |||
| Value At Risk | (0.75) | |||
| Potential Upside | 0.6648 |
DMY Squared Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DMY Squared's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DMY Squared's standard deviation. In reality, there are many statistical measures that can use DMY Squared historical prices to predict the future DMY Squared's volatility.| Risk Adjusted Performance | 0.0195 | |||
| Jensen Alpha | 0.0016 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.21) | |||
| Treynor Ratio | 0.1837 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of DMY Squared'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.
dMY Squared Technology Backtested Returns
At this stage we consider DMY Stock to be very steady. dMY Squared Technology secures Sharpe Ratio (or Efficiency) of 0.0191, which denotes the company had a 0.0191% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for dMY Squared Technology, which you can use to evaluate the volatility of the firm. Please confirm DMY Squared's semi deviation of 0.2622, and Risk Adjusted Performance of 0.0195 to check if the risk estimate we provide is consistent with the expected return of 0.0064%. DMY Squared has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.028, which means not very significant fluctuations relative to the market. As returns on the market increase, DMY Squared's returns are expected to increase less than the market. However, during the bear market, the loss of holding DMY Squared is expected to be smaller as well. dMY Squared Technology currently shows a risk of 0.34%. Please confirm dMY Squared Technology sortino ratio, semi variance, as well as the relationship between the Semi Variance and rate of daily change , to decide if dMY Squared Technology will be following its price patterns.
Auto-correlation | 0.05 |
Virtually no predictability
dMY Squared Technology has virtually no predictability. Overlapping area represents the amount of predictability between DMY Squared 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 dMY Squared Technology price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current DMY Squared price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
dMY Squared Technology lagged returns against current returns
Autocorrelation, which is DMY Squared 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 DMY Squared's stock expected returns. We can calculate the autocorrelation of DMY Squared returns to help us make a trade decision. For example, suppose you find that DMY Squared 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 |
DMY Squared 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 DMY Squared stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DMY Squared stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DMY Squared stock over time.
Current vs Lagged Prices |
| Timeline |
DMY Squared Lagged Returns
When evaluating DMY Squared's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DMY Squared stock have on its future price. DMY Squared 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, DMY Squared autocorrelation shows the relationship between DMY Squared stock current value and its past values and can show if there is a momentum factor associated with investing in dMY Squared Technology.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for DMY Stock Analysis
When running DMY Squared's price analysis, check to measure DMY Squared'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 DMY Squared is operating at the current time. Most of DMY Squared's value examination focuses on studying past and present price action to predict the probability of DMY Squared's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DMY Squared's price. Additionally, you may evaluate how the addition of DMY Squared to your portfolios can decrease your overall portfolio volatility.