Dover Downs Risk Analysis And Volatility Evaluation

DDE -- USA Stock  

USD 2.87  0.07  2.50%

Macroaxis considers Dover Downs to be extremely risky. Dover Downs Gaming secures Sharpe Ratio (or Efficiency) of -0.2029 which denotes Dover Downs Gaming had -0.2029% of return per unit of risk over the last 1 month. Macroaxis philosophy towards predicting risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Dover Downs Gaming Entertainment exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Dover Downs Gaming Coefficient Of Variation of 475.46 and Mean Deviation of 1.68 to check risk estimate we provide.
Horizon     30 Days    Login   to change

Dover Downs Market Sensitivity

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.
One Month Beta |Analyze Dover Downs Gaming Demand Trend
Check current 30 days Dover Downs correlation with market (DOW)
β = 0.7169
Dover Downs Small BetaDover Downs Gaming Beta Legend

Dover Downs Gaming Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of seventeen. Dover Downs Gaming Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input. View also all equity analysis or get more info about average price price transform indicator.

Dover Downs Projected Return Density Against Market

Considering 30-days investment horizon, Dover Downs has beta of 0.7169 suggesting as returns on market go up, Dover Downs average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Dover Downs Gaming Entertainment will be expected to be much smaller as well. Additionally, Dover Downs Gaming Entertainment has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
 Predicted Return Density 
      Returns 
Considering 30-days investment horizon, the coefficient of variation of Dover Downs is -492.74. The daily returns are destributed with a variance of 7.41 and standard deviation of 2.72. The mean deviation of Dover Downs Gaming Entertainment is currently at 1.71. For similar time horizon, the selected benchmark (DOW) has volatility of 0.44
α
Alpha over DOW
=0.53
β
Beta against DOW=0.72
σ
Overall volatility
=2.72
Ir
Information ratio =0.24

Dover Downs Return Volatility

Dover Downs Gaming Entertainment has volatility of 2.7228% on return distribution over 30 days investment horizon. DOW inherits 0.4448% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Dover Downs Volatility Factors

30 Days Market Risk

Extremely risky

Chance of Distress in 24 months

30 Days Economic Sensitivity

Follows market closely

Investment Outlook

Dover Downs Investment Opportunity

Dover Downs Gaming Entertainment has a volatility of 2.72 and is 6.18 times more volatile than DOW. 24% of all equities and portfolios are less risky than Dover Downs. Compared to the overall equity markets, volatility of historical daily returns of Dover Downs Gaming Entertainment is lower than 24 (%) of all global equities and portfolios over the last 30 days. Use Dover Downs Gaming Entertainment to enhance returns of your portfolios. The stock experiences unexpected upward trend. Watch out for market signals. Check odds of Dover Downs to be traded at $3.44 in 30 days. 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.

Dover Downs correlation with market

Average diversification
Overlapping area represents the amount of risk that can be diversified away by holding Dover Downs Gaming Entertainme and equity matching DJI index in the same portfolio.

Dover Downs Volatility Indicators

Dover Downs Gaming Entertainment Current Risk Indicators

Additionally see Investing Opportunities. Please also try Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
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