Dover Stock Market Value

DOV Stock  USD 177.22  2.44  1.40%   
Dover's market value is the price at which a share of Dover trades on a public exchange. It measures the collective expectations of Dover investors about its performance. Dover is selling for under 177.22 as of the 28th of March 2024; that is 1.40% increase since the beginning of the trading day. The stock's lowest day price was 174.97.
With this module, you can estimate the performance of a buy and hold strategy of Dover and determine expected loss or profit from investing in Dover over a given investment horizon. Check out Dover Correlation, Dover Volatility and Dover Alpha and Beta module to complement your research on Dover.
For more information on how to buy Dover Stock please use our How to Invest in Dover guide.
Symbol

Dover Price To Book Ratio

Is Dover'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 Dover. If investors know Dover 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 Dover 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
0.128
Dividend Share
2.03
Earnings Share
7.52
Revenue Per Share
60.338
Quarterly Revenue Growth
(0.02)
The market value of Dover is measured differently than its book value, which is the value of Dover that is recorded on the company's balance sheet. Investors also form their own opinion of Dover's value that differs from its market value or its book value, called intrinsic value, which is Dover'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 Dover's market value can be influenced by many factors that don't directly affect Dover'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 Dover's value and its price as these two are different measures arrived at by different means. Investors typically determine if Dover is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dover'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.

Dover '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 Dover'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 Dover.
0.00
02/27/2024
No Change 0.00  0.0 
In 30 days
03/28/2024
0.00
If you would invest  0.00  in Dover on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Dover or generate 0.0% return on investment in Dover over 30 days. Dover is related to or competes with Babcock Wilcox, Crane, General Electric, Richtech Robotics, Now, and Middleby Corp. Dover Corporation provides equipment and components, consumable supplies, aftermarket parts, software and digital soluti... More

Dover 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 Dover'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 Dover upside and downside potential and time the market with a certain degree of confidence.

Dover Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Dover's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dover's standard deviation. In reality, there are many statistical measures that can use Dover historical prices to predict the future Dover's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dover'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.
Hype
Prediction
LowEstimatedHigh
176.17177.28178.39
Details
Intrinsic
Valuation
LowRealHigh
168.89170.00194.94
Details
Naive
Forecast
LowNextHigh
173.30174.40175.51
Details
17 Analysts
Consensus
LowTargetHigh
147.72162.33180.19
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Dover. Your research has to be compared to or analyzed against Dover's peers to derive any actionable benefits. When done correctly, Dover's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Dover.

Dover Backtested Returns

Dover appears to be very steady, given 3 months investment horizon. Dover secures Sharpe Ratio (or Efficiency) of 0.22, which denotes the company had a 0.22% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Dover, which you can use to evaluate the volatility of the firm. Please utilize Dover's Coefficient Of Variation of 459.54, downside deviation of 0.8514, and Mean Deviation of 0.7933 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Dover holds a performance score of 16. The firm shows a Beta (market volatility) of 1.37, 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, Dover will likely underperform. Please check Dover's potential upside, as well as the relationship between the kurtosis and day typical price , to make a quick decision on whether Dover's price patterns will revert.

Auto-correlation

    
  0.30  

Below average predictability

Dover has below average predictability. Overlapping area represents the amount of predictability between Dover time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 Dover price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Dover price fluctuation can be explain by its past prices.
Correlation Coefficient0.3
Spearman Rank Test0.1
Residual Average0.0
Price Variance1.18

Dover lagged returns against current returns

Autocorrelation, which is Dover 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 Dover's stock expected returns. We can calculate the autocorrelation of Dover returns to help us make a trade decision. For example, suppose you find that Dover 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  

Dover 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 Dover stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dover stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dover stock over time.
   Current vs Lagged Prices   
       Timeline  

Dover Lagged Returns

When evaluating Dover's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dover stock have on its future price. Dover 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, Dover autocorrelation shows the relationship between Dover stock current value and its past values and can show if there is a momentum factor associated with investing in Dover.
   Regressed Prices   
       Timeline  

Pair Trading with Dover

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 Dover 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 Dover will appreciate offsetting losses from the drop in the long position's value.

Moving together with Dover Stock

  0.93B Barnes Group Financial Report 25th of April 2024 PairCorr
  0.91CR Crane Company Symbol ChangePairCorr
  0.97GE General Electric Fiscal Quarter End 31st of March 2024 PairCorr
  0.72HI Hillenbrand Financial Report 13th of May 2024 PairCorr

Moving against Dover Stock

  0.92NMHI Natures Miracle HoldingPairCorr
  0.85ATS ATS CorporationPairCorr
  0.79RR Richtech Robotics ClassPairCorr
The ability to find closely correlated positions to Dover could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dover 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 Dover - 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 Dover to buy it.
The correlation of Dover 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 Dover moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dover 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 Dover 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.
Pair CorrelationCorrelation Matching
When determining whether Dover is a strong investment it is important to analyze Dover's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Dover's future performance. For an informed investment choice regarding Dover Stock, refer to the following important reports:
Check out Dover Correlation, Dover Volatility and Dover Alpha and Beta module to complement your research on Dover.
For more information on how to buy Dover Stock please use our How to Invest in Dover guide.
You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.

Complementary Tools for Dover Stock analysis

When running Dover's price analysis, check to measure Dover'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 Dover is operating at the current time. Most of Dover's value examination focuses on studying past and present price action to predict the probability of Dover's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dover's price. Additionally, you may evaluate how the addition of Dover to your portfolios can decrease your overall portfolio volatility.
Fundamentals Comparison
Compare fundamentals across multiple equities to find investing opportunities
Sync Your Broker
Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors.
Premium Stories
Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
Economic Indicators
Top statistical indicators that provide insights into how an economy is performing
Equity Valuation
Check real value of public entities based on technical and fundamental data
Technical Analysis
Check basic technical indicators and analysis based on most latest market data
USA ETFs
Find actively traded Exchange Traded Funds (ETF) in USA
Sectors
List of equity sectors categorizing publicly traded companies based on their primary business activities
Global Correlations
Find global opportunities by holding instruments from different markets
Fundamental Analysis
View fundamental data based on most recent published financial statements
Portfolio Manager
State of the art Portfolio Manager to monitor and improve performance of your invested capital
Portfolio Rebalancing
Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
Dover 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.
A focus of Dover technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Dover trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...