Distribuidora Internacional (Spain) Market Value
| DIA Stock | EUR 0.01 0.0003 2.22% |
| Symbol | Distribuidora |
Distribuidora Internacional '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 Distribuidora Internacional'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 Distribuidora Internacional.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Distribuidora Internacional on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Distribuidora Internacional de or generate 0.0% return on investment in Distribuidora Internacional over 30 days. Distribuidora Internacional is related to or competes with Tier1 Technology, Energy Solar, Atrys Health, and Cellnex Telecom. Distribuidora Internacional de Alimentacin, S.A More
Distribuidora Internacional 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 Distribuidora Internacional'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 Distribuidora Internacional de upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.69 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 10.32 | |||
| Value At Risk | (2.34) | |||
| Potential Upside | 2.5 |
Distribuidora Internacional Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Distribuidora Internacional's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Distribuidora Internacional's standard deviation. In reality, there are many statistical measures that can use Distribuidora Internacional historical prices to predict the future Distribuidora Internacional's volatility.| Risk Adjusted Performance | 0.0332 | |||
| Jensen Alpha | 0.0493 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.4088 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Distribuidora Internacional'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.
Distribuidora Internacional Backtested Returns
We consider Distribuidora Internacional out of control. Distribuidora Internacional secures Sharpe Ratio (or Efficiency) of 0.0598, which denotes the company had a 0.0598% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Distribuidora Internacional de, which you can use to evaluate the volatility of the firm. Please confirm Distribuidora Internacional's Coefficient Of Variation of 2320.89, downside deviation of 1.69, and Mean Deviation of 1.17 to check if the risk estimate we provide is consistent with the expected return of 0.1%. Distribuidora Internacional has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.15, which means not very significant fluctuations relative to the market. As returns on the market increase, Distribuidora Internacional's returns are expected to increase less than the market. However, during the bear market, the loss of holding Distribuidora Internacional is expected to be smaller as well. Distribuidora Internacional right now shows a risk of 1.67%. Please confirm Distribuidora Internacional sortino ratio, potential upside, skewness, as well as the relationship between the maximum drawdown and semi variance , to decide if Distribuidora Internacional will be following its price patterns.
Auto-correlation | -0.51 |
Good reverse predictability
Distribuidora Internacional de has good reverse predictability. Overlapping area represents the amount of predictability between Distribuidora Internacional time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th 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 Distribuidora Internacional price movement. The serial correlation of -0.51 indicates that about 51.0% of current Distribuidora Internacional price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Distribuidora Internacional lagged returns against current returns
Autocorrelation, which is Distribuidora Internacional 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 Distribuidora Internacional's stock expected returns. We can calculate the autocorrelation of Distribuidora Internacional returns to help us make a trade decision. For example, suppose you find that Distribuidora Internacional 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 |
Distribuidora Internacional 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 Distribuidora Internacional stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Distribuidora Internacional stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Distribuidora Internacional stock over time.
Current vs Lagged Prices |
| Timeline |
Distribuidora Internacional Lagged Returns
When evaluating Distribuidora Internacional's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Distribuidora Internacional stock have on its future price. Distribuidora Internacional 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, Distribuidora Internacional autocorrelation shows the relationship between Distribuidora Internacional stock current value and its past values and can show if there is a momentum factor associated with investing in Distribuidora Internacional de.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Distribuidora Internacional in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Distribuidora Internacional's short interest history, or implied volatility extrapolated from Distribuidora Internacional options trading.
Pair Trading with Distribuidora Internacional
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 Distribuidora Internacional 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 Distribuidora Internacional will appreciate offsetting losses from the drop in the long position's value.Moving together with Distribuidora Stock
| 0.64 | AEDAS | Aedas Homes SL | PairCorr |
The ability to find closely correlated positions to Distribuidora Internacional could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Distribuidora Internacional 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 Distribuidora Internacional - 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 Distribuidora Internacional de to buy it.
The correlation of Distribuidora Internacional 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 Distribuidora Internacional moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Distribuidora Internacional 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 Distribuidora Internacional 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 Distribuidora Internacional Correlation, Distribuidora Internacional Volatility and Distribuidora Internacional Alpha and Beta module to complement your research on Distribuidora Internacional. Note that the Distribuidora Internacional information on this page should be used as a complementary analysis to other Distribuidora Internacional'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 Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Complementary Tools for Distribuidora Stock analysis
When running Distribuidora Internacional's price analysis, check to measure Distribuidora Internacional'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 Distribuidora Internacional is operating at the current time. Most of Distribuidora Internacional's value examination focuses on studying past and present price action to predict the probability of Distribuidora Internacional's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Distribuidora Internacional's price. Additionally, you may evaluate how the addition of Distribuidora Internacional to your portfolios can decrease your overall portfolio volatility.
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Distribuidora Internacional 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.