Dime Community Bancshares Stock Market Value
| DCOM Stock | USD 17.83 0.10 0.56% |
| Symbol | Dime |
Dime Community Bancshares Price To Book Ratio
Is Dime Community'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 Dime Community. If investors know Dime 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 Dime Community 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 (0.63) | Dividend Share 0.99 | Earnings Share 2.29 | Revenue Per Share 9.165 | Quarterly Revenue Growth (0.25) |
The market value of Dime Community Bancshares is measured differently than its book value, which is the value of Dime that is recorded on the company's balance sheet. Investors also form their own opinion of Dime Community's value that differs from its market value or its book value, called intrinsic value, which is Dime Community'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 Dime Community's market value can be influenced by many factors that don't directly affect Dime Community'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 Dime Community's value and its price as these two are different measures arrived at by different means. Investors typically determine if Dime Community is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dime Community'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.
Dime Community '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 Dime Community'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 Dime Community.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Dime Community on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Dime Community Bancshares or generate 0.0% return on investment in Dime Community over 30 days. Dime Community is related to or competes with Home Federal, Community West, First Financial, First Northwest, First Capital, Southern States, and Orange County. Dime Community Bancshares, Inc. operates as the holding company for Dime Community Bank that provides various commercial... More
Dime Community 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 Dime Community'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 Dime Community Bancshares upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 13.27 | |||
| Value At Risk | (6.82) | |||
| Potential Upside | 4.81 |
Dime Community Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dime Community's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dime Community's standard deviation. In reality, there are many statistical measures that can use Dime Community historical prices to predict the future Dime Community's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.53) | |||
| Total Risk Alpha | (0.70) | |||
| Treynor Ratio | (0.21) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dime Community'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.
Dime Community Bancshares Backtested Returns
Dime Community Bancshares secures Sharpe Ratio (or Efficiency) of -0.17, which denotes the company had a -0.17% return per unit of risk over the last 3 months. Dime Community Bancshares exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Dime Community's Variance of 9.14, standard deviation of 3.02, and Mean Deviation of 2.14 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.97, 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, Dime Community will likely underperform. Dime Community Bancshares has an expected return of -0.51%. Please make sure to confirm Dime Community Bancshares value at risk, as well as the relationship between the daily balance of power and price action indicator , to decide if Dime Community Bancshares performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.09 |
Virtually no predictability
Dime Community Bancshares has virtually no predictability. Overlapping area represents the amount of predictability between Dime Community 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 Dime Community Bancshares price movement. The serial correlation of 0.09 indicates that less than 9.0% of current Dime Community price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
Dime Community Bancshares lagged returns against current returns
Autocorrelation, which is Dime Community 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 Dime Community's stock expected returns. We can calculate the autocorrelation of Dime Community returns to help us make a trade decision. For example, suppose you find that Dime Community 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 |
Dime Community 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 Dime Community stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dime Community stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dime Community stock over time.
Current vs Lagged Prices |
| Timeline |
Dime Community Lagged Returns
When evaluating Dime Community's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dime Community stock have on its future price. Dime Community 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, Dime Community autocorrelation shows the relationship between Dime Community stock current value and its past values and can show if there is a momentum factor associated with investing in Dime Community Bancshares.
Regressed Prices |
| Timeline |
Pair Trading with Dime Community
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 Dime Community 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 Dime Community will appreciate offsetting losses from the drop in the long position's value.Moving together with Dime Stock
| 0.7 | AX | Axos Financial Financial Report 25th of April 2024 | PairCorr |
| 0.9 | BY | Byline Bancorp Earnings Call This Week | PairCorr |
| 0.65 | PB | Prosperity Bancshares Earnings Call This Week | PairCorr |
Moving against Dime Stock
| 0.83 | KB | KB Financial Group Earnings Call This Week | PairCorr |
| 0.78 | WF | Woori Financial Group Financial Report 21st of May 2024 | PairCorr |
| 0.67 | TFC-PI | Truist Financial | PairCorr |
| 0.64 | TECTP | Tectonic Financial | PairCorr |
| 0.64 | CFG-PD | Citizens Financial | PairCorr |
The ability to find closely correlated positions to Dime Community could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dime Community 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 Dime Community - 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 Dime Community Bancshares to buy it.
The correlation of Dime Community 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 Dime Community moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dime Community Bancshares 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 Dime Community 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 Dime Community Correlation, Dime Community Volatility and Dime Community Alpha and Beta module to complement your research on Dime Community. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Complementary Tools for Dime Stock analysis
When running Dime Community's price analysis, check to measure Dime Community'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 Dime Community is operating at the current time. Most of Dime Community's value examination focuses on studying past and present price action to predict the probability of Dime Community's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dime Community's price. Additionally, you may evaluate how the addition of Dime Community to your portfolios can decrease your overall portfolio volatility.
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Dime Community 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.