Donegal Investment (Ireland) Market Value
| DQ7A Stock | 16.60 0.10 0.61% |
| Symbol | Donegal |
Donegal Investment '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 Donegal Investment'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 Donegal Investment.
| 11/16/2024 |
| 12/16/2024 |
If you would invest 0.00 in Donegal Investment on November 16, 2024 and sell it all today you would earn a total of 0.00 from holding Donegal Investment Group or generate 0.0% return on investment in Donegal Investment over 30 days. Donegal Investment is related to or competes with Cairn Homes, Bank of Ireland, Ryanair Holdings, Irish Continental, and Greencoat Renewables. More
Donegal Investment 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 Donegal Investment'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 Donegal Investment Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.34) | |||
| Maximum Drawdown | 2.41 |
Donegal Investment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Donegal Investment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Donegal Investment's standard deviation. In reality, there are many statistical measures that can use Donegal Investment historical prices to predict the future Donegal Investment's volatility.| Risk Adjusted Performance | 0.0081 | |||
| Jensen Alpha | 0.0021 | |||
| Total Risk Alpha | (0.02) | |||
| Treynor Ratio | 0.0165 |
Donegal Investment Backtested Returns
Currently, Donegal Investment Group is very steady. Donegal Investment secures Sharpe Ratio (or Efficiency) of 0.0423, which denotes the company had a 0.0423% return per unit of risk over the last 3 months. We have found nineteen technical indicators for Donegal Investment Group, which you can use to evaluate the volatility of the firm. Please confirm Donegal Investment's Mean Deviation of 0.0545, variance of 0.0502, and Standard Deviation of 0.2241 to check if the risk estimate we provide is consistent with the expected return of 0.0095%. Donegal Investment has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0361, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Donegal Investment are expected to decrease at a much lower rate. During the bear market, Donegal Investment is likely to outperform the market. Donegal Investment right now shows a risk of 0.23%. Please confirm Donegal Investment information ratio, total risk alpha, kurtosis, as well as the relationship between the jensen alpha and skewness , to decide if Donegal Investment will be following its price patterns.
Auto-correlation | Huge |
Perfect predictability
Donegal Investment Group has perfect predictability. Overlapping area represents the amount of predictability between Donegal Investment time series from 16th of November 2024 to 1st of December 2024 and 1st of December 2024 to 16th 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 Donegal Investment price movement. The serial correlation of 9.223372036854776E16 indicates that 9.223372036854776E16% of current Donegal Investment price fluctuation can be explain by its past prices.
| Correlation Coefficient | 92233.7 T | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Donegal Investment lagged returns against current returns
Autocorrelation, which is Donegal Investment 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 Donegal Investment's stock expected returns. We can calculate the autocorrelation of Donegal Investment returns to help us make a trade decision. For example, suppose you find that Donegal Investment 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 |
Donegal Investment 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 Donegal Investment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Donegal Investment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Donegal Investment stock over time.
Current vs Lagged Prices |
| Timeline |
Donegal Investment Lagged Returns
When evaluating Donegal Investment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Donegal Investment stock have on its future price. Donegal Investment 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, Donegal Investment autocorrelation shows the relationship between Donegal Investment stock current value and its past values and can show if there is a momentum factor associated with investing in Donegal Investment Group.
Regressed Prices |
| Timeline |
Pair Trading with Donegal Investment
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Donegal Investment position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Donegal Investment will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Donegal Investment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Donegal Investment when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Donegal Investment - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Donegal Investment Group to buy it.
The correlation of Donegal Investment is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Donegal Investment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Donegal Investment moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Donegal Investment can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Donegal Stock Analysis
When running Donegal Investment's price analysis, check to measure Donegal Investment'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 Donegal Investment is operating at the current time. Most of Donegal Investment's value examination focuses on studying past and present price action to predict the probability of Donegal Investment's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Donegal Investment's price. Additionally, you may evaluate how the addition of Donegal Investment to your portfolios can decrease your overall portfolio volatility.