Dominion Energy Stock Market Value
| D Stock | USD 48.57 0.25 0.52% |
| Symbol | Dominion |
Dominion Energy Price To Book Ratio
Is Dominion 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 Dominion Energy. If investors know Dominion 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 Dominion 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 (0.21) | Dividend Share 2.67 | Earnings Share 2.48 | Revenue Per Share 17.208 | Quarterly Revenue Growth (0.07) |
The market value of Dominion Energy is measured differently than its book value, which is the value of Dominion that is recorded on the company's balance sheet. Investors also form their own opinion of Dominion Energy's value that differs from its market value or its book value, called intrinsic value, which is Dominion 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 Dominion Energy's market value can be influenced by many factors that don't directly affect Dominion 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 Dominion Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Dominion Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dominion 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.
Dominion 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 Dominion 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 Dominion Energy.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Dominion Energy on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Dominion Energy or generate 0.0% return on investment in Dominion Energy over 30 days. Dominion Energy is related to or competes with American Electric, Nextera Energy, Morningstar Unconstrained, T Rowe, and 70082LAB3. Dominion Energy, Inc. produces and distributes energy in the United States More
Dominion 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 Dominion 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 Dominion Energy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.78 | |||
| Information Ratio | 0.0146 | |||
| Maximum Drawdown | 11.31 | |||
| Value At Risk | (2.24) | |||
| Potential Upside | 3.12 |
Dominion Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dominion Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dominion Energy's standard deviation. In reality, there are many statistical measures that can use Dominion Energy historical prices to predict the future Dominion Energy's volatility.| Risk Adjusted Performance | 0.0386 | |||
| Jensen Alpha | 0.0294 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.0152 | |||
| Treynor Ratio | 0.0892 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dominion 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.
Dominion Energy Backtested Returns
We consider Dominion Energy very steady. Dominion Energy secures Sharpe Ratio (or Efficiency) of 0.0845, which denotes the company had a 0.0845% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Dominion Energy, which you can use to evaluate the volatility of the firm. Please confirm Dominion Energy's Downside Deviation of 1.78, coefficient of variation of 1932.63, and Mean Deviation of 1.38 to check if the risk estimate we provide is consistent with the expected return of 0.16%. Dominion Energy has a performance score of 6 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.96, which means possible diversification benefits within a given portfolio. Dominion Energy returns are very sensitive to returns on the market. As the market goes up or down, Dominion Energy is expected to follow. Dominion Energy right now shows a risk of 1.87%. Please confirm Dominion Energy standard deviation, treynor ratio, downside variance, as well as the relationship between the total risk alpha and value at risk , to decide if Dominion Energy will be following its price patterns.
Auto-correlation | -0.29 |
Weak reverse predictability
Dominion Energy has weak reverse predictability. Overlapping area represents the amount of predictability between Dominion Energy time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th of April 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 Energy price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current Dominion Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.43 |
Dominion Energy lagged returns against current returns
Autocorrelation, which is Dominion 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 Dominion Energy's stock expected returns. We can calculate the autocorrelation of Dominion Energy returns to help us make a trade decision. For example, suppose you find that Dominion 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 |
Dominion 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 Dominion Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dominion Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dominion Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Dominion Energy Lagged Returns
When evaluating Dominion Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dominion Energy stock have on its future price. Dominion 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, Dominion Energy autocorrelation shows the relationship between Dominion Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Dominion Energy.
Regressed Prices |
| Timeline |
Dominion Energy Investors Sentiment
The influence of Dominion 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 Dominion. 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 Dominion Energy's public news can be used to forecast risks associated with an investment in Dominion. The trend in average sentiment can be used to explain how an investor holding Dominion can time the market purely based on public headlines and social activities around Dominion Energy. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Dominion 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 Dominion 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 Dominion Energy's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Dominion Energy.
Dominion Energy Implied Volatility | 64.9 |
Dominion Energy's implied volatility exposes the market's sentiment of Dominion Energy stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Dominion Energy's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Dominion Energy stock will not fluctuate a lot when Dominion Energy's options are near their expiration.
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 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, Dominion Energy's short interest history, or implied volatility extrapolated from Dominion Energy options trading.
Pair Trading with Dominion 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 Dominion 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 Dominion Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Dominion Stock
| 0.85 | ES | Eversource Energy Financial Report 1st of May 2024 | PairCorr |
| 0.73 | FE | FirstEnergy Earnings Call This Week | PairCorr |
Moving against Dominion Stock
| 0.83 | HE | Hawaiian Electric Buyout Trend | PairCorr |
The ability to find closely correlated positions to Dominion 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 Dominion 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 Dominion 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 Dominion Energy to buy it.
The correlation of Dominion 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 Dominion Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dominion 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 Dominion 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 Dominion Energy Correlation, Dominion Energy Volatility and Dominion Energy Alpha and Beta module to complement your research on Dominion Energy. For information on how to trade Dominion Stock refer to our How to Trade Dominion Stock guide.Note that the Dominion Energy information on this page should be used as a complementary analysis to other Dominion Energy's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Complementary Tools for Dominion Stock analysis
When running Dominion Energy's price analysis, check to measure Dominion 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 Dominion Energy is operating at the current time. Most of Dominion Energy's value examination focuses on studying past and present price action to predict the probability of Dominion 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 Dominion Energy's price. Additionally, you may evaluate how the addition of Dominion Energy to your portfolios can decrease your overall portfolio volatility.
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Dominion 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.