Douglas Dynamics Stock Market Value
| PLOW Stock | USD 23.54 0.08 0.34% |
| Symbol | Douglas |
Douglas Dynamics Price To Book Ratio
Is Construction Machinery & Heavy Transportation Equipment 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 Douglas Dynamics. If investors know Douglas 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 Douglas Dynamics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 4.674 | Dividend Share 1.175 | Earnings Share 2.33 | Revenue Per Share 24.265 | Quarterly Revenue Growth (0.10) |
The market value of Douglas Dynamics is measured differently than its book value, which is the value of Douglas that is recorded on the company's balance sheet. Investors also form their own opinion of Douglas Dynamics' value that differs from its market value or its book value, called intrinsic value, which is Douglas Dynamics' 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 Douglas Dynamics' market value can be influenced by many factors that don't directly affect Douglas Dynamics' 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 Douglas Dynamics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Douglas Dynamics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Douglas Dynamics' 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.
Douglas Dynamics '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 Douglas Dynamics' 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 Douglas Dynamics.
| 06/28/2024 |
| 12/25/2024 |
If you would invest 0.00 in Douglas Dynamics on June 28, 2024 and sell it all today you would earn a total of 0.00 from holding Douglas Dynamics or generate 0.0% return on investment in Douglas Dynamics over 180 days. Douglas Dynamics is related to or competes with Monro Muffler, Motorcar Parts, Standard, Stoneridge, Dorman Products, Visteon Corp, and Lear. Douglas Dynamics, Inc. operates as a manufacturer and upfitter of commercial work truck attachments and equipment in Nor... More
Douglas Dynamics 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 Douglas Dynamics' 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 Douglas Dynamics upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 13.92 | |||
| Value At Risk | (2.99) | |||
| Potential Upside | 2.17 |
Douglas Dynamics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Douglas Dynamics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Douglas Dynamics' standard deviation. In reality, there are many statistical measures that can use Douglas Dynamics historical prices to predict the future Douglas Dynamics' volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | (0.13) |
Douglas Dynamics Backtested Returns
Douglas Dynamics secures Sharpe Ratio (or Efficiency) of -0.0869, which denotes the company had a -0.0869% return per unit of risk over the last 3 months. Douglas Dynamics exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Douglas Dynamics' Mean Deviation of 1.3, standard deviation of 2.24, and Variance of 5.04 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.62, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Douglas Dynamics will likely underperform. At this point, Douglas Dynamics has a negative expected return of -0.2%. Please make sure to confirm Douglas Dynamics' maximum drawdown and rate of daily change , to decide if Douglas Dynamics performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.69 |
Very good reverse predictability
Douglas Dynamics has very good reverse predictability. Overlapping area represents the amount of predictability between Douglas Dynamics time series from 28th of June 2024 to 26th of September 2024 and 26th of September 2024 to 25th 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 Douglas Dynamics price movement. The serial correlation of -0.69 indicates that around 69.0% of current Douglas Dynamics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 1.45 |
Douglas Dynamics lagged returns against current returns
Autocorrelation, which is Douglas Dynamics 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 Douglas Dynamics' stock expected returns. We can calculate the autocorrelation of Douglas Dynamics returns to help us make a trade decision. For example, suppose you find that Douglas Dynamics 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 |
Douglas Dynamics 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 Douglas Dynamics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Douglas Dynamics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Douglas Dynamics stock over time.
Current vs Lagged Prices |
| Timeline |
Douglas Dynamics Lagged Returns
When evaluating Douglas Dynamics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Douglas Dynamics stock have on its future price. Douglas Dynamics 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, Douglas Dynamics autocorrelation shows the relationship between Douglas Dynamics stock current value and its past values and can show if there is a momentum factor associated with investing in Douglas Dynamics.
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 Douglas Stock Analysis
When running Douglas Dynamics' price analysis, check to measure Douglas Dynamics' 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 Douglas Dynamics is operating at the current time. Most of Douglas Dynamics' value examination focuses on studying past and present price action to predict the probability of Douglas Dynamics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Douglas Dynamics' price. Additionally, you may evaluate how the addition of Douglas Dynamics to your portfolios can decrease your overall portfolio volatility.