Denso Corp Adr Stock Market Value
| DNZOY Stock | USD 18.28 0.16 0.87% |
| Symbol | Denso |
Denso Corp '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 Denso Corp's pink sheet 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 Denso Corp.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Denso Corp on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding Denso Corp ADR or generate 0.0% return on investment in Denso Corp over 30 days. Denso Corp is related to or competes with Allison Transmission, Luminar Technologies, Quantumscape Corp, Lear, BorgWarner, Autoliv, and Fox Factory. DENSO Corporation develops, manufactures, and sells automotive parts in Japan, rest of Asia, North America, Europe, and ... More
Denso Corp 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 Denso Corp's pink sheet 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 Denso Corp ADR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.24 | |||
| Information Ratio | 0.1477 | |||
| Maximum Drawdown | 6.9 | |||
| Value At Risk | (1.61) | |||
| Potential Upside | 2.92 |
Denso Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Denso Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Denso Corp's standard deviation. In reality, there are many statistical measures that can use Denso Corp historical prices to predict the future Denso Corp's volatility.| Risk Adjusted Performance | 0.1317 | |||
| Jensen Alpha | 0.226 | |||
| Total Risk Alpha | 0.1114 | |||
| Sortino Ratio | 0.1758 | |||
| Treynor Ratio | 0.3303 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Denso Corp'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.
Denso Corp ADR Backtested Returns
Denso Corp appears to be very steady, given 3 months investment horizon. Denso Corp ADR secures Sharpe Ratio (or Efficiency) of 0.18, which denotes the company had a 0.18% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Denso Corp ADR, which you can use to evaluate the volatility of the firm. Please utilize Denso Corp's Mean Deviation of 1.17, downside deviation of 1.24, and Coefficient Of Variation of 486.26 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Denso Corp holds a performance score of 14. The firm shows a Beta (market volatility) of 0.89, which means possible diversification benefits within a given portfolio. Denso Corp returns are very sensitive to returns on the market. As the market goes up or down, Denso Corp is expected to follow. Please check Denso Corp's maximum drawdown, as well as the relationship between the skewness and day typical price , to make a quick decision on whether Denso Corp's price patterns will revert.
Auto-correlation | 0.42 |
Average predictability
Denso Corp ADR has average predictability. Overlapping area represents the amount of predictability between Denso Corp time series from 24th of March 2024 to 8th of April 2024 and 8th of April 2024 to 23rd 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 Denso Corp ADR price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Denso Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Denso Corp ADR lagged returns against current returns
Autocorrelation, which is Denso Corp pink sheet'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 Denso Corp's pink sheet expected returns. We can calculate the autocorrelation of Denso Corp returns to help us make a trade decision. For example, suppose you find that Denso Corp has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Denso Corp 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 Denso Corp pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Denso Corp pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Denso Corp pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Denso Corp Lagged Returns
When evaluating Denso Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Denso Corp pink sheet have on its future price. Denso Corp 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, Denso Corp autocorrelation shows the relationship between Denso Corp pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Denso Corp ADR.
Regressed Prices |
| Timeline |
Pair Trading with Denso Corp
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 Denso Corp 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 Denso Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with Denso Pink Sheet
| 0.96 | DNZOF | DENSO | PairCorr |
Moving against Denso Pink Sheet
| 0.7 | PTAIF | PT Astra International | PairCorr |
| 0.62 | APTV | Aptiv PLC Financial Report 2nd of May 2024 | PairCorr |
| 0.61 | CTTAY | Continental AG PK | PairCorr |
| 0.6 | CTTAF | Continental Aktiengesellscha | PairCorr |
The ability to find closely correlated positions to Denso Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Denso Corp 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 Denso Corp - 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 Denso Corp ADR to buy it.
The correlation of Denso Corp 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 Denso Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Denso Corp ADR 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 Denso Corp 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 Denso Corp Correlation, Denso Corp Volatility and Denso Corp Alpha and Beta module to complement your research on Denso Corp. You can also try the Stocks Directory module to find actively traded stocks across global markets.
Complementary Tools for Denso Pink Sheet analysis
When running Denso Corp's price analysis, check to measure Denso Corp'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 Denso Corp is operating at the current time. Most of Denso Corp's value examination focuses on studying past and present price action to predict the probability of Denso Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Denso Corp's price. Additionally, you may evaluate how the addition of Denso Corp to your portfolios can decrease your overall portfolio volatility.
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes |
Denso Corp technical pink sheet 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, pink sheet market cycles, or different charting patterns.