Dover Downs Backtesting

DDE -- USA Stock  

USD 1.99  0.03  1.49%

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

June 21, 2018
0.00
No Change 0.00  0.0%
In 30 days
July 21, 2018
0.00
If you would invest  0.00  in Dover Downs on June 21, 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 30 days. Dover Downs is related to or competes with Everi Holdings, International Game, Golden Entertainment, Gaming Partners, Inspired Entertainment, and CHURCHILL DOWNS. Dover Downs Gaming Entertainment, Inc., together with its subsidiaries, operates as a gaming and entertainment resort de...

Dover Downs Upside/Downside Indicators

Downside Deviation2.59
Information Ratio0.2429
Maximum Drawdown13.1
Value At Risk3.57
Potential Upside4.92
  

Dover Downs Market Premium Indicators

Risk Adjusted Performance0.1779
Jensen Alpha0.6755
Total Risk Alpha0.2341
Sortino Ratio0.2903
Treynor Ratio0.5383

Dover Downs Gaming Backtested Returns

Dover Downs is extremely volatile given 1 month investment horizon. Dover Downs Gaming secures Sharpe Ratio (or Efficiency) of 0.3651 which denotes Dover Downs Gaming had 0.3651% of return per unit of risk over the last 1 month. Our philosophy towards predicting risk of a stock is to use both market data as well as company specific technical data. We found twenty-one different technical indicators which can help you to evaluate if expected returns of 1.0979% are justified by taking the suggested risk. Use Dover Downs Coefficient Of Variation of 349.88, Mean Deviation of 2.2 and Downside Deviation of 2.59 to evaluate company specific risk that cannot be diversified away. Dover Downs holds performance score of 24 on a scale of zero to a hundred. The firm shows Beta (market volatility) of 1.6269 which denotes to the fact that as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Dover Downs will likely underperform.. Although it is vital to follow to Dover Downs Gaming historical returns, it is good to be conservative about what you can actually do with the information regarding equity current trending patterns. Macroaxis philosophy towards predicting future performance of any stock is to look not only at its past charts but also at the business as a whole, including all fundamental and technical indicators. To evaluate if Dover Downs Gaming Entertainment expected return of 1.0979 will be sustainable into the future, we have found twenty-one different technical indicators which can help you to check if the expected returns are sustainable. Use Dover Downs Treynor Ratio, Downside Variance, Kurtosis, as well as the relationship between Value At Risk and Expected Short fall to analyze future returns on Dover Downs.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.83 

Very good predictability

Dover Downs Gaming Entertainment has very good predictability. Overlapping area represents the amount of predictability between Dover Downs time series from June 21, 2018 to July 6, 2018 and July 6, 2018 to July 21, 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 0.83 indicates that around 83.0% of current Dover Downs price fluctuation can be explain by its past prices.
Correlation Coefficient 0.83
Spearman Rank Test 0.67
Lagged Price Variance 0.02
Average Price 1.96

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 

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Balance Of Power

Check stock momentum by analyzing Balance Of Power indicator and other technical ratios
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Pair Correlation

Equities Pair Trading Analysis
Correlation analysis and pair trading evaluation for Dover Downs and Everi Holdings. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
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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 Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
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