Dominion Resources Black Stock Market Value
Dominion Resources' market value is the price at which a share of Dominion Resources trades on a public exchange. It measures the collective expectations of Dominion Resources Black investors about its performance. With this module, you can estimate the performance of a buy and hold strategy of Dominion Resources Black and determine expected loss or profit from investing in Dominion Resources over a given investment horizon. Check out Dominion Resources Correlation, Dominion Resources Volatility and Dominion Resources Alpha and Beta module to complement your research on Dominion Resources.
| Symbol | Dominion |
Dominion Resources '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 Dominion Resources' 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 Dominion Resources.
| 04/02/2024 |
| 05/02/2024 |
If you would invest 0.00 in Dominion Resources on April 2, 2024 and sell it all today you would earn a total of 0.00 from holding Dominion Resources Black or generate 0.0% return on investment in Dominion Resources over 30 days. Dominion Resources is related to or competes with Enerflex, Natural Gas, Archrock, Geospace Technologies, and Newpark Resources. Dominion Resources Black Warrior Trust operates as a grantor trust in the United States More
Dominion Resources 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 Dominion Resources' 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 Dominion Resources Black upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1 | |||
| Maximum Drawdown | 583.33 |
Dominion Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dominion Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dominion Resources' standard deviation. In reality, there are many statistical measures that can use Dominion Resources historical prices to predict the future Dominion Resources' volatility.| Risk Adjusted Performance | 0.0746 | |||
| Jensen Alpha | 6.45 | |||
| Total Risk Alpha | 1.48 | |||
| Treynor Ratio | (2.08) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dominion Resources' 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.
Dominion Resources Black Backtested Returns
Dominion Resources is out of control given 3 months investment horizon. Dominion Resources Black secures Sharpe Ratio (or Efficiency) of 0.0774, which denotes the company had a 0.0774% return per unit of risk over the last 3 months. We have collected data for thirteen different technical indicators, which can help you to evaluate if expected returns of 5.11% are justified by taking the suggested risk. Use Dominion Resources Variance of 3912.52, mean deviation of 14.96, and Standard Deviation of 62.55 to evaluate company specific risk that cannot be diversified away. Dominion Resources holds a performance score of 6 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -3.03, which means a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Dominion Resources are expected to decrease by larger amounts. On the other hand, during market turmoil, Dominion Resources is expected to outperform it. Use Dominion Resources standard deviation and skewness , to analyze future returns on Dominion Resources.
Auto-correlation | 0.10 |
Insignificant predictability
Dominion Resources Black has insignificant predictability. Overlapping area represents the amount of predictability between Dominion Resources time series from 2nd of April 2024 to 17th of April 2024 and 17th of April 2024 to 2nd 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 Dominion Resources Black price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Dominion Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Dominion Resources Black lagged returns against current returns
Autocorrelation, which is Dominion Resources 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 Dominion Resources' pink sheet expected returns. We can calculate the autocorrelation of Dominion Resources returns to help us make a trade decision. For example, suppose you find that Dominion Resources 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 |
Dominion Resources 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 Dominion Resources pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dominion Resources pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dominion Resources pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Dominion Resources Lagged Returns
When evaluating Dominion Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dominion Resources pink sheet have on its future price. Dominion Resources 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, Dominion Resources autocorrelation shows the relationship between Dominion Resources pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Dominion Resources Black.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Dominion Resources in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Dominion Resources' short interest history, or implied volatility extrapolated from Dominion Resources options trading.
Pair Trading with Dominion Resources
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 Dominion Resources 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 Dominion Resources will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Dominion Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dominion Resources 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 Dominion Resources - 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 Dominion Resources Black to buy it.
The correlation of Dominion Resources 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 Dominion Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dominion Resources Black 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 Dominion Resources 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.Check out Dominion Resources Correlation, Dominion Resources Volatility and Dominion Resources Alpha and Beta module to complement your research on Dominion Resources. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
Complementary Tools for Dominion Pink Sheet analysis
When running Dominion Resources' price analysis, check to measure Dominion Resources' 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 Dominion Resources is operating at the current time. Most of Dominion Resources' value examination focuses on studying past and present price action to predict the probability of Dominion Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dominion Resources' price. Additionally, you may evaluate how the addition of Dominion Resources to your portfolios can decrease your overall portfolio volatility.
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Dominion Resources 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.