Dover Downs Backtesting

Dover Downs Gaming Entertainment -- USA Stock  

USD 1.33  0.02  1.53%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Dover Downs Gaming Entertainment and determine expected loss or profit from investing in Dover Downs over given investment horizon. Additionally see Dover Downs Hype Analysis, Dover Downs Correlation, Dover Downs Valuation, Dover Downs Volatility as well as analyze Dover Downs Alpha and Beta and Dover Downs Performance.
 Time Horizon     30 Days    Login   to change
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Backtest

Dover Downs 'What if' Analysis

February 18, 2018
0.00
No Change 0.00  0.0%
In 2 months and 2 days
April 19, 2018
0.00
If you would invest  0.00  in Dover Downs on February 18, 2018 and sell it all today you would earn a total of 0.00 from holding Dover Downs Gaming Entertainment or generate 0.0% return on investment in Dover Downs over 60 days. Dover Downs is related to or competes with DHX Media, 500 com, Eros International, AMC Entertainment, Cinemark Holdings, Dover Motorsports, and DREAMWORKS ANIMAT. Dover Downs Gaming Entertainment, Inc., together with its subsidiaries, operates as a gaming and entertainment resort de...

Dover Downs Upside/Downside Indicators

Downside Deviation1.73
Information Ratio0.0817
Maximum Drawdown9.19
Value At Risk2.27
Potential Upside3.1
  

Dover Downs Market Premium Indicators

Risk Adjusted Performance0.1173
Jensen Alpha0.112
Total Risk Alpha0.1449
Sortino Ratio0.0829
Treynor Ratio7.34

Dover Downs Gaming Backtested Returns

We consider Dover Downs extremely risky. Dover Downs Gaming secures Sharpe Ratio (or Efficiency) of 0.0934 which denotes Dover Downs Gaming had 0.0934% of return per unit of risk over the last 2 months. Our philosophy towards predicting volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-six technical indicators for Dover Downs Gaming Entertainment which you can use to evaluate future volatility of the firm. Please confirm Dover Downs Gaming Coefficient Of Variation of 1446.74, Mean Deviation of 1.37 and Downside Deviation of 1.73 to check if risk estimate we provide are consistent with the epected return of 0.1655%. Dover Downs has performance score of 6 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.0152 which denotes to the fact that as returns on market increase, Dover Downs returns are expected to increase less than the market. However during bear market, the loss on holding Dover Downs will be expected to be smaller as well.. Although it is extremely important to respect Dover Downs Gaming historical returns, it is better to be realistic regarding the information on equity current trending patterns. The philosophy towards predicting future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By reviewing Dover Downs Gaming technical indicators you can presently evaluate if the expected return of 0.1655% will be sustainable into the future. Dover Downs Gaming right now shows a risk of 1.7715%. Please confirm Dover Downs Gaming Treynor Ratio, Downside Variance, Kurtosis, as well as the relationship between Value At Risk and Expected Short fall to decide if Dover Downs Gaming will be following its price patterns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.09 

Virtually no predictability

Dover Downs Gaming Entertainment has virtually no predictability. Overlapping area represents the amount of predictability between Dover Downs time series from February 18, 2018 to March 20, 2018 and March 20, 2018 to April 19, 2018. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Dover Downs Gaming price movement. The serial correlation of 0.09 indicates that less than 9.0% of current Dover Downs price fluctuation can be explain by its past prices.
Correlation Coefficient 0.09
Spearman Rank Test 0.04
Average Price 1.29
Lagged Average Price 1.29

Dover Downs Gaming lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Dover Downs regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Dover Downs Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - DDE

Dover Downs Gaming Investor Sentiment
Greater number of Macroaxis users are currently bullish on Dover Downs Gaming Entertainment. What is your opinion about investing in Dover Downs Gaming Entertainment? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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BATS Exchange Efficient Frontier

Diversify in USA Market
The main assumption in equity investing is that a higher degree of volatility (or risk) means a higher potential (or expected) return on investment. Conversely, investors who take on a low degree of risk have a low expection for return.
Diversify Portfolios
You can create optimal portfolios in USA market or optimize your existing portfolio in one of two ways: 1) For any level of risk, select the one which has the highest expected return. 2) For any expected return, select the one which has the lowest volatility.
Diversify Portfolios
Additionally see Dover Downs Hype Analysis, Dover Downs Correlation, Dover Downs Valuation, Dover Downs Volatility as well as analyze Dover Downs Alpha and Beta and Dover Downs Performance. Please also try Piotroski F Score module to get piotroski f score based on binary analysis strategy of nine different fundamentals.