Denso Corp Adr Stock Market Value
| DNZOY Stock | USD 16.07 0.20 1.23% |
| Symbol | Denso |
Denso Corp '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 Denso Corp's pink sheet 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 Denso Corp.
| 04/24/2024 |
| 05/24/2024 |
If you would invest 0.00 in Denso Corp on April 24, 2024 and sell it all today you would earn a total of 0.00 from holding Denso Corp ADR or generate 0.0% return on investment in Denso Corp over 30 days. Denso Corp is related to or competes with Bridgestone Corp, Aptiv PLC, Mobileye Global, PT Astra, Astra International, Continental, and Continental Aktiengesellscha. DENSO Corporation develops, manufactures, and sells automotive parts in Japan, rest of Asia, North America, Europe, and ... More
Denso Corp 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 Denso Corp's pink sheet 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 Denso Corp ADR upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 8.97 | |||
| Value At Risk | (2.46) | |||
| Potential Upside | 3.15 |
Denso Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Denso Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Denso Corp's standard deviation. In reality, there are many statistical measures that can use Denso Corp historical prices to predict the future Denso Corp's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | (0.10) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Denso Corp'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.
Denso Corp ADR Backtested Returns
Denso Corp ADR secures Sharpe Ratio (or Efficiency) of -0.11, which denotes the company had a -0.11% return per unit of risk over the last 3 months. Denso Corp ADR exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Denso Corp's Standard Deviation of 1.76, variance of 3.09, and Mean Deviation of 1.33 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.41, 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, Denso Corp will likely underperform. Denso Corp ADR has an expected return of -0.19%. Please make sure to confirm Denso Corp ADR jensen alpha, skewness, as well as the relationship between the Skewness and day typical price , to decide if Denso Corp ADR performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.08 |
Very weak reverse predictability
Denso Corp ADR has very weak reverse predictability. Overlapping area represents the amount of predictability between Denso Corp time series from 24th of April 2024 to 9th of May 2024 and 9th of May 2024 to 24th of May 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 Denso Corp ADR price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Denso Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Denso Corp ADR lagged returns against current returns
Autocorrelation, which is Denso Corp pink sheet'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 Denso Corp's pink sheet expected returns. We can calculate the autocorrelation of Denso Corp returns to help us make a trade decision. For example, suppose you find that Denso Corp has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Denso Corp 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 Denso Corp pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Denso Corp pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Denso Corp pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Denso Corp Lagged Returns
When evaluating Denso Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Denso Corp pink sheet have on its future price. Denso Corp 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, Denso Corp autocorrelation shows the relationship between Denso Corp pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Denso Corp ADR.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.| MSFT | Microsoft | |
| GM | General Motors | |
| CRM | Salesforce |
Check out Denso Corp Correlation, Denso Corp Volatility and Denso Corp Alpha and Beta module to complement your research on Denso Corp. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Complementary Tools for Denso Pink Sheet analysis
When running Denso Corp's price analysis, check to measure Denso Corp'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 Denso Corp is operating at the current time. Most of Denso Corp's value examination focuses on studying past and present price action to predict the probability of Denso Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Denso Corp's price. Additionally, you may evaluate how the addition of Denso Corp to your portfolios can decrease your overall portfolio volatility.
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Money Managers Screen money managers from public funds and ETFs managed around the world | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like |
Denso Corp technical pink sheet 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, pink sheet market cycles, or different charting patterns.