Dovre Group (Finland) Market Value
| DOV1V Stock | EUR 0.23 0.02 8.00% |
| Symbol | Dovre |
Dovre Group '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 Dovre Group'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 Dovre Group.
| 11/29/2024 |
| 12/29/2024 |
If you would invest 0.00 in Dovre Group on November 29, 2024 and sell it all today you would earn a total of 0.00 from holding Dovre Group Plc or generate 0.0% return on investment in Dovre Group over 30 days. Dovre Group is related to or competes with Sampo Oyj, Fortum Oyj, UPM Kymmene, and Nordea Bank. Dovre Group Plc, together with its subsidiaries, provides project management services worldwide More
Dovre Group 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 Dovre Group'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 Dovre Group Plc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 35.24 | |||
| Value At Risk | (3.23) | |||
| Potential Upside | 3.23 |
Dovre Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dovre Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dovre Group's standard deviation. In reality, there are many statistical measures that can use Dovre Group historical prices to predict the future Dovre Group's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.40) | |||
| Total Risk Alpha | (0.52) | |||
| Treynor Ratio | 1.16 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dovre Group'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.
Dovre Group Plc Backtested Returns
Dovre Group Plc secures Sharpe Ratio (or Efficiency) of -0.0998, which denotes the company had a -0.0998% return per unit of risk over the last 3 months. Dovre Group Plc exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Dovre Group's Mean Deviation of 2.05, standard deviation of 4.21, and Variance of 17.74 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.35, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Dovre Group are expected to decrease at a much lower rate. During the bear market, Dovre Group is likely to outperform the market. At this point, Dovre Group Plc has a negative expected return of -0.43%. Please make sure to confirm Dovre Group's maximum drawdown, accumulation distribution, as well as the relationship between the Accumulation Distribution and market facilitation index , to decide if Dovre Group Plc performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.54 |
Good reverse predictability
Dovre Group Plc has good reverse predictability. Overlapping area represents the amount of predictability between Dovre Group time series from 29th of November 2024 to 14th of December 2024 and 14th of December 2024 to 29th 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 Dovre Group Plc price movement. The serial correlation of -0.54 indicates that about 54.0% of current Dovre Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.54 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Dovre Group Plc lagged returns against current returns
Autocorrelation, which is Dovre Group 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 Dovre Group's stock expected returns. We can calculate the autocorrelation of Dovre Group returns to help us make a trade decision. For example, suppose you find that Dovre Group 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 |
Dovre Group 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 Dovre Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dovre Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dovre Group stock over time.
Current vs Lagged Prices |
| Timeline |
Dovre Group Lagged Returns
When evaluating Dovre Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dovre Group stock have on its future price. Dovre Group 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, Dovre Group autocorrelation shows the relationship between Dovre Group stock current value and its past values and can show if there is a momentum factor associated with investing in Dovre Group Plc.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Dovre Stock
Dovre Group financial ratios help investors to determine whether Dovre 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 Dovre with respect to the benefits of owning Dovre Group security.