Dorman Products Stock Market Value

DORM Stock  USD 96.39  1.04  1.07%   
Dorman Products' market value is the price at which a share of Dorman Products trades on a public exchange. It measures the collective expectations of Dorman Products investors about its performance. Dorman Products is selling at 96.39 as of the 28th of March 2024; that is -1.07 percent down since the beginning of the trading day. The stock's lowest day price was 95.8.
With this module, you can estimate the performance of a buy and hold strategy of Dorman Products and determine expected loss or profit from investing in Dorman Products over a given investment horizon. Check out Dorman Products Correlation, Dorman Products Volatility and Dorman Products Alpha and Beta module to complement your research on Dorman Products.
To learn how to invest in Dorman Stock, please use our How to Invest in Dorman Products guide.
Symbol

Dorman Products Price To Book Ratio

Is Dorman Products' 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 Dorman Products. If investors know Dorman 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 Dorman Products 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
1.855
Earnings Share
4.1
Revenue Per Share
61.351
Quarterly Revenue Growth
(0.01)
Return On Assets
0.0701
The market value of Dorman Products is measured differently than its book value, which is the value of Dorman that is recorded on the company's balance sheet. Investors also form their own opinion of Dorman Products' value that differs from its market value or its book value, called intrinsic value, which is Dorman Products' 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 Dorman Products' market value can be influenced by many factors that don't directly affect Dorman Products' 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 Dorman Products' value and its price as these two are different measures arrived at by different means. Investors typically determine if Dorman Products is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dorman Products' 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.

Dorman Products '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 Dorman Products' 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 Dorman Products.
0.00
04/08/2022
No Change 0.00  0.0 
In 1 year 11 months and 22 days
03/28/2024
0.00
If you would invest  0.00  in Dorman Products on April 8, 2022 and sell it all today you would earn a total of 0.00 from holding Dorman Products or generate 0.0% return on investment in Dorman Products over 720 days. Dorman Products is related to or competes with Mobileye Global, Goodyear Tire, Quantumscape Corp, Visteon Corp, Monro Muffler, and Motorcar Parts. Dorman Products, Inc. supplies replacement parts and fasteners for passenger cars, light trucks, and medium- and heavy-d... More

Dorman Products 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 Dorman Products' 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 Dorman Products upside and downside potential and time the market with a certain degree of confidence.

Dorman Products Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Dorman Products' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dorman Products' standard deviation. In reality, there are many statistical measures that can use Dorman Products historical prices to predict the future Dorman Products' volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dorman Products' 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.
Hype
Prediction
LowEstimatedHigh
93.9996.6399.27
Details
Intrinsic
Valuation
LowRealHigh
86.7599.38102.02
Details
Naive
Forecast
LowNextHigh
93.1195.7498.38
Details
3 Analysts
Consensus
LowTargetHigh
96.69106.25117.94
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Dorman Products. Your research has to be compared to or analyzed against Dorman Products' peers to derive any actionable benefits. When done correctly, Dorman Products' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Dorman Products.

Dorman Products Backtested Returns

Dorman Products appears to be very steady, given 3 months investment horizon. Dorman Products 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-nine technical indicators for Dorman Products, which you can use to evaluate the volatility of the firm. Please utilize Dorman Products' Downside Deviation of 1.72, coefficient of variation of 1032.04, and Mean Deviation of 1.46 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Dorman Products holds a performance score of 7. The firm shows a Beta (market volatility) of 1.67, 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, Dorman Products will likely underperform. Please check Dorman Products' expected short fall, and the relationship between the maximum drawdown and rate of daily change , to make a quick decision on whether Dorman Products' price patterns will revert.

Auto-correlation

    
  0.24  

Weak predictability

Dorman Products has weak predictability. Overlapping area represents the amount of predictability between Dorman Products time series from 8th of April 2022 to 3rd of April 2023 and 3rd of April 2023 to 28th of March 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 Dorman Products price movement. The serial correlation of 0.24 indicates that over 24.0% of current Dorman Products price fluctuation can be explain by its past prices.
Correlation Coefficient0.24
Spearman Rank Test0.11
Residual Average0.0
Price Variance36.78

Dorman Products lagged returns against current returns

Autocorrelation, which is Dorman Products 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 Dorman Products' stock expected returns. We can calculate the autocorrelation of Dorman Products returns to help us make a trade decision. For example, suppose you find that Dorman Products 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  

Dorman Products 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 Dorman Products stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dorman Products stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dorman Products stock over time.
   Current vs Lagged Prices   
       Timeline  

Dorman Products Lagged Returns

When evaluating Dorman Products' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dorman Products stock have on its future price. Dorman Products 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, Dorman Products autocorrelation shows the relationship between Dorman Products stock current value and its past values and can show if there is a momentum factor associated with investing in Dorman Products.
   Regressed Prices   
       Timeline  

Pair Trading with Dorman Products

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 Dorman Products 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 Dorman Products will appreciate offsetting losses from the drop in the long position's value.

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The ability to find closely correlated positions to Dorman Products could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dorman Products 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 Dorman Products - 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 Dorman Products to buy it.
The correlation of Dorman Products 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 Dorman Products moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dorman Products 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 Dorman Products 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.
Pair CorrelationCorrelation Matching
When determining whether Dorman Products is a strong investment it is important to analyze Dorman Products' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Dorman Products' future performance. For an informed investment choice regarding Dorman Stock, refer to the following important reports:
Check out Dorman Products Correlation, Dorman Products Volatility and Dorman Products Alpha and Beta module to complement your research on Dorman Products.
To learn how to invest in Dorman Stock, please use our How to Invest in Dorman Products guide.
You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.

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When running Dorman Products' price analysis, check to measure Dorman Products' 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 Dorman Products is operating at the current time. Most of Dorman Products' value examination focuses on studying past and present price action to predict the probability of Dorman Products' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dorman Products' price. Additionally, you may evaluate how the addition of Dorman Products to your portfolios can decrease your overall portfolio volatility.
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Dorman Products 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.
A focus of Dorman Products technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Dorman Products trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...