Dover Backtesting

<div class='circular--portrait' style='background:#347AFC;color: #ffffff;font-size:3em;padding-top: 38px;;'>DOV</div>
DOV -- USA Stock  

Fiscal Quarter End: 30th of June 2020  

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Dover and determine expected loss or profit from investing in Dover over given investment horizon. Continue to Dover Hype Analysis, Dover Correlation, Dover Valuation, Dover Volatility as well as analyze Dover Alpha and Beta and Dover Performance.
Symbol
Backtest

Dover 'What if' Analysis

0.00
03/04/2020
No Change 0.00  0.0 
In 3 months and 1 day
06/02/2020
0.00
If you would invest  0.00  in Dover on March 4, 2020 and sell it all today you would earn a total of 0.00 from holding Dover or generate 0.0% return on investment in Dover over 90 days. Dover is related to or competes with Barnes, Ampco Pittsburgh, Babcock Wilcox, Crane, Curtiss Wright, General Electric, and Hillenbrand. Dover Corporation provides equipment and components, consumable supplies, aftermarket parts, software and digital soluti...

Dover Upside/Downside Indicators

Downside Deviation5.47
Information Ratio(0.006832)
Maximum Drawdown23.54
Value At Risk(8.89)
Potential Upside7.23

Dover Market Premium Indicators

Risk Adjusted Performance0.017
Jensen Alpha(0.043444)
Total Risk Alpha(0.046324)
Sortino Ratio(0.006368)
Treynor Ratio0.0074

Dover Backtested Returns

Macroaxis considers Dover to be very steady. Dover secures Sharpe Ratio (or Efficiency) of -0.0077, which denotes the organization had -0.0077% of return per unit of risk over the last 3 months. Macroaxis philosophy towards predicting the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Dover exposes twenty-eight different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Dover Coefficient Of Variation of 26981.28, Mean Deviation of 3.68 and Downside Deviation of 5.47 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.1967, which denotes to the fact that as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Dover will likely underperform. Even though it is essential to pay attention to Dover historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy towards predicting future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Dover exposes twenty-eight different technical indicators, which can help you to evaluate its performance. Dover has an expected return of -0.0396%. Please be advised to confirm Dover Potential Upside as well as the relationship between Kurtosis and Day Typical Price to decide if Dover stock performance from the past will be repeated at some point in the near future.
AdviceVolatility TrendExposureCorrelations
15 days auto-correlation(0.17) 
correlation synergy

Insignificant reverse predictability

Dover has insignificant reverse predictability. Overlapping area represents the amount of predictability between Dover time series from 4th of March 2020 to 18th of April 2020 and 18th of April 2020 to 2nd of June 2020. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Dover price movement. The serial correlation of -0.17 indicates that over 17.0% of current Dover price fluctuation can be explain by its past prices. Given that Dover has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Dover for similar time interval.
Correlation Coefficient-0.17
Spearman Rank Test-0.19
Residual Average0.0
Price Variance16.86

Dover lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Dover regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Dover Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - DOV

Dover Investor Sentiment

Greater number of Macroaxis users are currently bullish on Dover. What is your opinion about investing in Dover? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Dover Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Dover and Barnes Group. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
Run Pair Correlation  
 2017 2018 2019 2020 (projected)
Long Term Debt to Equity0.68141.060.98450.7989
Interest Coverage6.696.918.429.42
Dover Corporation provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide. Dover Corporation was incorporated in 1947 and is headquartered in Downers Grove, Illinois. Dover operates under Specialty Industrial Machinery classification in USA and is traded on BATS Exchange. It employs 24000 people.
Continue to Dover Hype Analysis, Dover Correlation, Dover Valuation, Dover Volatility as well as analyze Dover Alpha and Beta and Dover Performance. Please also try Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Macroaxis is not a registered investment advisor or broker/dealer. All investments, including stocks, funds, ETFs, or cryptocurrencies, are speculative and involve substantial risk of loss. We encourage our investors to invest carefully. Much of our information is derived directly from data published by companies or submitted to governmental agencies which we believe are reliable, but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way warrant or guarantee the success of any action you take in reliance on our statements or recommendations. Also, note that past performance is not necessarily indicative of future results. All investments carry risk, and all investment decisions of an individual remain the responsibility of that individual. There is no guarantee that systems, indicators, or signals will result in profits or that they will not result in losses. All investors are advised to fully understand all risks associated with any investing they choose to do. Hypothetical or simulated performance is not indicative of future results. We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown because hypothetical or simulated performance is not necessarily indicative of future results. For more information please visit our terms and condition page