Dice Sport's market value is the price at which a share of Dice Sport trades on a public exchange. It measures the collective expectations of Dice Sport Casual investors about its performance. Dice Sport is trading at 2.48 as of the 16th of December 2024. This is a 0.40% increase since the beginning of the trading day. The stock's lowest day price was 2.47. With this module, you can estimate the performance of a buy and hold strategy of Dice Sport Casual and determine expected loss or profit from investing in Dice Sport over a given investment horizon. Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
Dice
Dice Sport '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 Dice Sport'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 Dice Sport.
0.00
11/16/2024
No Change 0.00
0.0
In 31 days
12/16/2024
0.00
If you would invest 0.00 in Dice Sport on November 16, 2024 and sell it all today you would earn a total of 0.00 from holding Dice Sport Casual or generate 0.0% return on investment in Dice Sport over 30 days.
Dice Sport 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 Dice Sport'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 Dice Sport Casual upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dice Sport's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dice Sport's standard deviation. In reality, there are many statistical measures that can use Dice Sport historical prices to predict the future Dice Sport's volatility.
Dice Sport appears to be very risky, given 3 months investment horizon. Dice Sport Casual secures Sharpe Ratio (or Efficiency) of 0.23, which denotes the company had a 0.23% return per unit of standard deviation over the last 3 months. By reviewing Dice Sport's technical indicators, you can evaluate if the expected return of 0.79% is justified by implied risk. Please utilize Dice Sport's Mean Deviation of 2.53, semi deviation of 2.0, and Downside Deviation of 2.59 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Dice Sport holds a performance score of 17. The firm shows a Beta (market volatility) of 0.0046, which means not very significant fluctuations relative to the market. As returns on the market increase, Dice Sport's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dice Sport is expected to be smaller as well. Please check Dice Sport's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Dice Sport's price patterns will revert.
Auto-correlation
-0.09
Very weak reverse predictability
Dice Sport Casual has very weak reverse predictability. Overlapping area represents the amount of predictability between Dice Sport 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 Dice Sport Casual price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Dice Sport price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.09
Spearman Rank Test
-0.18
Residual Average
0.0
Price Variance
0.0
Dice Sport Casual lagged returns against current returns
Autocorrelation, which is Dice Sport 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 Dice Sport's stock expected returns. We can calculate the autocorrelation of Dice Sport returns to help us make a trade decision. For example, suppose you find that Dice Sport 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
Dice Sport 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 Dice Sport stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dice Sport stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dice Sport stock over time.
Current vs Lagged Prices
Timeline
Dice Sport Lagged Returns
When evaluating Dice Sport's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dice Sport stock have on its future price. Dice Sport 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, Dice Sport autocorrelation shows the relationship between Dice Sport stock current value and its past values and can show if there is a momentum factor associated with investing in Dice Sport Casual.
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.