Duos Technologies Group Stock Market Value
| DUOT Stock | USD 3.13 0.04 1.29% |
| Symbol | Duos |
Is Duos Technologies' 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 Duos Technologies. If investors know Duos 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 Duos Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Duos Technologies is measured differently than its book value, which is the value of Duos that is recorded on the company's balance sheet. Investors also form their own opinion of Duos Technologies' value that differs from its market value or its book value, called intrinsic value, which is Duos Technologies' 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 Duos Technologies' market value can be influenced by many factors that don't directly affect Duos Technologies' 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 Duos Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Duos Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Duos Technologies' 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.
Duos Technologies '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 Duos Technologies' 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 Duos Technologies.
| 01/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Duos Technologies on January 25, 2024 and sell it all today you would earn a total of 0.00 from holding Duos Technologies Group or generate 0.0% return on investment in Duos Technologies over 90 days. Duos Technologies is related to or competes with American Software, Brightcove, Alkami Technology, ADEIA P, Issuer Direct, CoreCard Corp, and Enfusion. Duos Technologies Group, Inc. designs, develops, deploys, and operates intelligent technology solutions in North America More
Duos Technologies 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 Duos Technologies' 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 Duos Technologies Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 33.97 | |||
| Value At Risk | (8.06) | |||
| Potential Upside | 5.03 |
Duos Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Duos Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Duos Technologies' standard deviation. In reality, there are many statistical measures that can use Duos Technologies historical prices to predict the future Duos Technologies' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.55) | |||
| Total Risk Alpha | (1.13) | |||
| Treynor Ratio | (0.25) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Duos Technologies' 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.
Duos Technologies Backtested Returns
Duos Technologies secures Sharpe Ratio (or Efficiency) of -0.0752, which denotes the company had a -0.0752% return per unit of risk over the last 3 months. Duos Technologies Group exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Duos Technologies' Standard Deviation of 5.27, variance of 27.72, and Mean Deviation of 3.46 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.64, 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, Duos Technologies will likely underperform. Duos Technologies has an expected return of -0.4%. Please make sure to confirm Duos Technologies jensen alpha, skewness, as well as the relationship between the Skewness and day typical price , to decide if Duos Technologies performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.48 |
Average predictability
Duos Technologies Group has average predictability. Overlapping area represents the amount of predictability between Duos Technologies time series from 25th of January 2024 to 10th of March 2024 and 10th of March 2024 to 24th 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 Duos Technologies price movement. The serial correlation of 0.48 indicates that about 48.0% of current Duos Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.42 |
Duos Technologies lagged returns against current returns
Autocorrelation, which is Duos Technologies 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 Duos Technologies' stock expected returns. We can calculate the autocorrelation of Duos Technologies returns to help us make a trade decision. For example, suppose you find that Duos Technologies 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 |
Duos Technologies 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 Duos Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Duos Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Duos Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Duos Technologies Lagged Returns
When evaluating Duos Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Duos Technologies stock have on its future price. Duos Technologies 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, Duos Technologies autocorrelation shows the relationship between Duos Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Duos Technologies Group.
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 Duos Technologies 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, Duos Technologies' short interest history, or implied volatility extrapolated from Duos Technologies options trading.
Pair Trading with Duos Technologies
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 Duos Technologies 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 Duos Technologies will appreciate offsetting losses from the drop in the long position's value.Moving against Duos Stock
| 0.59 | DTRK | DATATRAK International | PairCorr |
| 0.41 | DPSI | DecisionPoint Systems Financial Report 20th of May 2024 | PairCorr |
The ability to find closely correlated positions to Duos Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Duos Technologies 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 Duos Technologies - 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 Duos Technologies Group to buy it.
The correlation of Duos Technologies 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 Duos Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Duos Technologies 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 Duos Technologies 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 Duos Technologies Correlation, Duos Technologies Volatility and Duos Technologies Alpha and Beta module to complement your research on Duos Technologies. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Complementary Tools for Duos Stock analysis
When running Duos Technologies' price analysis, check to measure Duos Technologies' 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 Duos Technologies is operating at the current time. Most of Duos Technologies' value examination focuses on studying past and present price action to predict the probability of Duos Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Duos Technologies' price. Additionally, you may evaluate how the addition of Duos Technologies to your portfolios can decrease your overall portfolio volatility.
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Duos Technologies 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.