Dolly Varden Silver Stock Market Value
| DV Stock | CAD 0.95 0.01 1.04% |
| Symbol | Dolly |
Dolly Varden Silver Price To Book Ratio
Dolly Varden '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 Dolly Varden'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 Dolly Varden.
| 02/23/2024 |
| 04/23/2024 |
If you would invest 0.00 in Dolly Varden on February 23, 2024 and sell it all today you would earn a total of 0.00 from holding Dolly Varden Silver or generate 0.0% return on investment in Dolly Varden over 60 days. Dolly Varden is related to or competes with Defiance Silver, Metallic Minerals, Kootenay Silver, Minaurum Gold, and Blackrock Silver. Dolly Varden Silver Corporation engages in the acquisition, exploration, and development of mineral properties in Canada More
Dolly Varden 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 Dolly Varden'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 Dolly Varden Silver upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.22 | |||
| Information Ratio | 0.0857 | |||
| Maximum Drawdown | 21.27 | |||
| Value At Risk | (5.71) | |||
| Potential Upside | 8.06 |
Dolly Varden Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dolly Varden's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dolly Varden's standard deviation. In reality, there are many statistical measures that can use Dolly Varden historical prices to predict the future Dolly Varden's volatility.| Risk Adjusted Performance | 0.0736 | |||
| Jensen Alpha | 0.4334 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.0907 | |||
| Treynor Ratio | 1.27 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dolly Varden'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.
Dolly Varden Silver Backtested Returns
Dolly Varden appears to be abnormally volatile, given 3 months investment horizon. Dolly Varden Silver secures Sharpe Ratio (or Efficiency) of 0.11, which denotes the company had a 0.11% return per unit of risk over the last 3 months. By reviewing Dolly Varden's technical indicators, you can evaluate if the expected return of 0.52% is justified by implied risk. Please utilize Dolly Varden's Coefficient Of Variation of 946.89, downside deviation of 4.22, and Mean Deviation of 3.27 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Dolly Varden holds a performance score of 8. The firm shows a Beta (market volatility) of 0.36, which means possible diversification benefits within a given portfolio. As returns on the market increase, Dolly Varden's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dolly Varden is expected to be smaller as well. Please check Dolly Varden's total risk alpha, expected short fall, price action indicator, as well as the relationship between the value at risk and daily balance of power , to make a quick decision on whether Dolly Varden's price patterns will revert.
Auto-correlation | 0.64 |
Good predictability
Dolly Varden Silver has good predictability. Overlapping area represents the amount of predictability between Dolly Varden time series from 23rd of February 2024 to 24th of March 2024 and 24th of March 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 Dolly Varden Silver price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Dolly Varden price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Dolly Varden Silver lagged returns against current returns
Autocorrelation, which is Dolly Varden 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 Dolly Varden's stock expected returns. We can calculate the autocorrelation of Dolly Varden returns to help us make a trade decision. For example, suppose you find that Dolly Varden 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 |
Dolly Varden 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 Dolly Varden stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dolly Varden stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dolly Varden stock over time.
Current vs Lagged Prices |
| Timeline |
Dolly Varden Lagged Returns
When evaluating Dolly Varden's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dolly Varden stock have on its future price. Dolly Varden 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, Dolly Varden autocorrelation shows the relationship between Dolly Varden stock current value and its past values and can show if there is a momentum factor associated with investing in Dolly Varden Silver.
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 Dolly Varden 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, Dolly Varden's short interest history, or implied volatility extrapolated from Dolly Varden options trading.
Pair Trading with Dolly Varden
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 Dolly Varden 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 Dolly Varden will appreciate offsetting losses from the drop in the long position's value.Moving together with Dolly Stock
| 0.69 | NG | NovaGold Resources | PairCorr |
| 0.7 | OSI | Osino Resources Corp | PairCorr |
Moving against Dolly Stock
| 0.58 | DYA | DynaCERT | PairCorr |
The ability to find closely correlated positions to Dolly Varden could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dolly Varden 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 Dolly Varden - 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 Dolly Varden Silver to buy it.
The correlation of Dolly Varden 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 Dolly Varden moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dolly Varden Silver 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 Dolly Varden 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 Dolly Varden Correlation, Dolly Varden Volatility and Dolly Varden Alpha and Beta module to complement your research on Dolly Varden. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
Complementary Tools for Dolly Stock analysis
When running Dolly Varden's price analysis, check to measure Dolly Varden'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 Dolly Varden is operating at the current time. Most of Dolly Varden's value examination focuses on studying past and present price action to predict the probability of Dolly Varden's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dolly Varden's price. Additionally, you may evaluate how the addition of Dolly Varden to your portfolios can decrease your overall portfolio volatility.
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Dolly Varden 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.