Dhi Group Stock Market Value
| DHX Stock | USD 2.36 0.06 2.61% |
| Symbol | DHI |
DHI Group Price To Book Ratio
Is DHI's industry 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 DHI. If investors know DHI 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 DHI 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 (0.02) | Earnings Share 0.08 | Revenue Per Share 3.486 | Quarterly Revenue Growth (0.06) | Return On Assets 0.0241 |
The market value of DHI Group is measured differently than its book value, which is the value of DHI that is recorded on the company's balance sheet. Investors also form their own opinion of DHI's value that differs from its market value or its book value, called intrinsic value, which is DHI'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 DHI's market value can be influenced by many factors that don't directly affect DHI'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 DHI's value and its price as these two are different measures arrived at by different means. Investors typically determine if DHI is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DHI'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.
DHI '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 DHI'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 DHI.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in DHI on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding DHI Group or generate 0.0% return on investment in DHI over 30 days. DHI is related to or competes with Marin Software, Exela Technologies, AMTD Digital, C3 Ai, CXApp, HeartCore Enterprises, and Beamr Imaging. DHI Group, Inc. provides data, insights, and employment connections through specialized services for technology professi... More
DHI 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 DHI'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 DHI Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.09 | |||
| Information Ratio | 0.0201 | |||
| Maximum Drawdown | 22.7 | |||
| Value At Risk | (6.25) | |||
| Potential Upside | 10.79 |
DHI Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DHI's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DHI's standard deviation. In reality, there are many statistical measures that can use DHI historical prices to predict the future DHI's volatility.| Risk Adjusted Performance | 0.0299 | |||
| Jensen Alpha | 0.0303 | |||
| Total Risk Alpha | (0.30) | |||
| Sortino Ratio | 0.0239 | |||
| Treynor Ratio | 0.0726 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of DHI'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.
DHI Group Backtested Returns
We consider DHI risky. DHI Group secures Sharpe Ratio (or Efficiency) of 0.0239, which denotes the company had a 0.0239% return per unit of return volatility over the last 3 months. We have found twenty-nine technical indicators for DHI Group, which you can use to evaluate the volatility of the firm. Please confirm DHI's downside deviation of 4.09, and Mean Deviation of 3.66 to check if the risk estimate we provide is consistent with the expected return of 0.12%. DHI has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 2.15, 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, DHI will likely underperform. DHI Group at this time shows a risk of 4.97%. Please confirm DHI Group potential upside, and the relationship between the total risk alpha and kurtosis , to decide if DHI Group will be following its price patterns.
Auto-correlation | 0.04 |
Virtually no predictability
DHI Group has virtually no predictability. Overlapping area represents the amount of predictability between DHI time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th of April 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 DHI Group price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current DHI price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
DHI Group lagged returns against current returns
Autocorrelation, which is DHI 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 DHI's stock expected returns. We can calculate the autocorrelation of DHI returns to help us make a trade decision. For example, suppose you find that DHI 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 |
DHI 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 DHI stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DHI stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DHI stock over time.
Current vs Lagged Prices |
| Timeline |
DHI Lagged Returns
When evaluating DHI's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DHI stock have on its future price. DHI 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, DHI autocorrelation shows the relationship between DHI stock current value and its past values and can show if there is a momentum factor associated with investing in DHI Group.
Regressed Prices |
| Timeline |
Pair Trading with DHI
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 DHI 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 DHI will appreciate offsetting losses from the drop in the long position's value.Moving together with DHI Stock
| 0.72 | AI | C3 Ai Inc Financial Report 29th of May 2024 | PairCorr |
Moving against DHI Stock
| 0.53 | NOGWQ | Nogin Inc | PairCorr |
The ability to find closely correlated positions to DHI could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DHI 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 DHI - 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 DHI Group to buy it.
The correlation of DHI 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 DHI moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DHI Group 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 DHI 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.Check out DHI Correlation, DHI Volatility and DHI Alpha and Beta module to complement your research on DHI. Note that the DHI Group information on this page should be used as a complementary analysis to other DHI's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Complementary Tools for DHI Stock analysis
When running DHI's price analysis, check to measure DHI'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 DHI is operating at the current time. Most of DHI's value examination focuses on studying past and present price action to predict the probability of DHI's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DHI's price. Additionally, you may evaluate how the addition of DHI to your portfolios can decrease your overall portfolio volatility.
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DHI technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.