Dte Energy Stock Market Value
DTE Stock | USD 114.78 0.53 0.46% |
Symbol | DTE |
DTE Energy Price To Book Ratio
Is DTE Energy'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 DTE Energy. If investors know DTE 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 DTE Energy 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 (0.30) | Dividend Share 3.948 | Earnings Share 6.11 | Revenue Per Share 59.252 | Quarterly Revenue Growth (0.14) |
The market value of DTE Energy is measured differently than its book value, which is the value of DTE that is recorded on the company's balance sheet. Investors also form their own opinion of DTE Energy's value that differs from its market value or its book value, called intrinsic value, which is DTE Energy'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 DTE Energy's market value can be influenced by many factors that don't directly affect DTE Energy'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 DTE Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if DTE Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DTE Energy'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.
DTE Energy '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 DTE Energy'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 DTE Energy.
02/15/2024 |
| 05/15/2024 |
If you would invest 0.00 in DTE Energy on February 15, 2024 and sell it all today you would earn a total of 0.00 from holding DTE Energy or generate 0.0% return on investment in DTE Energy over 90 days. DTE Energy is related to or competes with Genie Energy, Entergy Texas, and Centrais Elétricas. The companys Electric segment generates, purchases, distributes, and sells electricity to approximately 2.3 million resi... More
DTE Energy 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 DTE Energy'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 DTE Energy upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 1.26 | |||
Information Ratio | 0.0755 | |||
Maximum Drawdown | 6.83 | |||
Value At Risk | (1.96) | |||
Potential Upside | 1.96 |
DTE Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DTE Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DTE Energy's standard deviation. In reality, there are many statistical measures that can use DTE Energy historical prices to predict the future DTE Energy's volatility.Risk Adjusted Performance | 0.0937 | |||
Jensen Alpha | 0.1564 | |||
Total Risk Alpha | 0.0217 | |||
Sortino Ratio | 0.073 | |||
Treynor Ratio | 1.45 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of DTE Energy'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.
DTE Energy Backtested Returns
We consider DTE Energy very steady. DTE Energy secures Sharpe Ratio (or Efficiency) of 0.1, which denotes the company had a 0.1% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for DTE Energy, which you can use to evaluate the volatility of the firm. Please confirm DTE Energy's Downside Deviation of 1.26, coefficient of variation of 698.07, and Mean Deviation of 0.9308 to check if the risk estimate we provide is consistent with the expected return of 0.12%. DTE Energy has a performance score of 8 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.11, which means not very significant fluctuations relative to the market. As returns on the market increase, DTE Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding DTE Energy is expected to be smaller as well. DTE Energy now shows a risk of 1.18%. Please confirm DTE Energy potential upside, rate of daily change, and the relationship between the sortino ratio and skewness , to decide if DTE Energy will be following its price patterns.
Auto-correlation | 0.33 |
Below average predictability
DTE Energy has below average predictability. Overlapping area represents the amount of predictability between DTE Energy time series from 15th of February 2024 to 31st of March 2024 and 31st of March 2024 to 15th 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 DTE Energy price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current DTE Energy price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.33 | |
Spearman Rank Test | 0.42 | |
Residual Average | 0.0 | |
Price Variance | 9.72 |
DTE Energy lagged returns against current returns
Autocorrelation, which is DTE Energy 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 DTE Energy's stock expected returns. We can calculate the autocorrelation of DTE Energy returns to help us make a trade decision. For example, suppose you find that DTE Energy 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 |
DTE Energy 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 DTE Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DTE Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DTE Energy stock over time.
Current vs Lagged Prices |
Timeline |
DTE Energy Lagged Returns
When evaluating DTE Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DTE Energy stock have on its future price. DTE Energy 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, DTE Energy autocorrelation shows the relationship between DTE Energy stock current value and its past values and can show if there is a momentum factor associated with investing in DTE Energy.
Regressed Prices |
Timeline |
DTE Energy Investors Sentiment
The influence of DTE Energy's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in DTE. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to DTE Energy's public news can be used to forecast risks associated with an investment in DTE. The trend in average sentiment can be used to explain how an investor holding DTE can time the market purely based on public headlines and social activities around DTE Energy. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
DTE Energy's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for DTE Energy's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average DTE Energy's news discussions. The higher the estimated score, the more favorable is the investor's outlook on DTE Energy.
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 DTE Energy 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, DTE Energy's short interest history, or implied volatility extrapolated from DTE Energy options trading.
Pair Trading with DTE Energy
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 DTE Energy 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 DTE Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with DTE Stock
0.76 | D | Dominion Energy Sell-off Trend | PairCorr |
0.75 | ED | Consolidated Edison Sell-off Trend | PairCorr |
0.84 | ES | Eversource Energy | PairCorr |
0.83 | FE | FirstEnergy | PairCorr |
Moving against DTE Stock
0.51 | HE | Hawaiian Electric | PairCorr |
0.45 | GNE | Genie Energy | PairCorr |
The ability to find closely correlated positions to DTE Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DTE Energy 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 DTE Energy - 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 DTE Energy to buy it.
The correlation of DTE Energy 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 DTE Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DTE Energy 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 DTE Energy 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 DTE Energy Correlation, DTE Energy Volatility and DTE Energy Alpha and Beta module to complement your research on DTE Energy. For information on how to trade DTE Stock refer to our How to Trade DTE Stock guide.You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Complementary Tools for DTE Stock analysis
When running DTE Energy's price analysis, check to measure DTE Energy'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 DTE Energy is operating at the current time. Most of DTE Energy's value examination focuses on studying past and present price action to predict the probability of DTE Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DTE Energy's price. Additionally, you may evaluate how the addition of DTE Energy to your portfolios can decrease your overall portfolio volatility.
Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
Fundamental Analysis View fundamental data based on most recent published financial statements |
DTE Energy 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.