Dover Downs Risk Analysis And Volatility Evaluation

DDE -- USA Stock  

USD 1.62  0.06  3.57%

Macroaxis considers Dover Downs to be exceptionally risky. Dover Downs Gaming secures Sharpe Ratio (or Efficiency) of -0.0686 which denotes Dover Downs Gaming had -0.0686% 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-eight 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 1,633 and Mean Deviation of 3.13 to check risk estimate we provide.
 Time Horizon     30 Days    Login   to change

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.

Projected Return Density Against Market

Considering 30-days investment horizon, Dover Downs has beta of 0.0 suggesting unless we do not have required data, the returns on DOW and Dover Downs are completely uncorrelated. Furthermore, Dover Downs Gaming EntertainmentIt does not look like Dover Downs alpha can have any bearing on the equity current valuation.
 Predicted Return Density 
      Returns 
Considering 30-days investment horizon, the coefficient of variation of Dover Downs is -1458.29. The daily returns are destributed with a variance of 27.1 and standard deviation of 5.21. The mean deviation of Dover Downs Gaming Entertainment is currently at 3.16. For similar time horizon, the selected benchmark (DOW) has volatility of 0.0
α
Alpha over DOW
=0.00
β
Beta against DOW=0.00
σ
Overall volatility
=5.21
Ir
Information ratio =0.06

Actual Return Volatility

Dover Downs Gaming Entertainment has volatility of 5.2061% on return distribution over 30 days investment horizon. DOW inherits 0.5906% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Dover Downs Volatility Factors

30 Days Market Risk

Exceptionally risky

Chance of Distress in 24 months

Below average

30 Days Economic Sensitivity

Market Insensitive

Investment Outlook

Dover Downs Investment Opportunity
Dover Downs Gaming Entertainment has a volatility of 5.21 and is 8.83 times more volatile than DOW. 47% 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 47 (%) of all global equities and portfolios over the last 30 days.

Total Debt

Dover Downs Gaming Total Debt History

Total Debt

Volatility Indicators

Dover Downs Current Risk Indicators
Additionally see Investing Opportunities. Please also try Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.