Dynatronics Stock Market Value
| DYNT Stock | USD 0.56 0.03 5.08% |
| Symbol | Dynatronics |
Dynatronics Price To Book Ratio
Is Dynatronics' 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 Dynatronics. If investors know Dynatronics 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 Dynatronics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.40) | Revenue Per Share 8.392 | Quarterly Revenue Growth (0.25) | Return On Assets (0.09) | Return On Equity (0.28) |
The market value of Dynatronics is measured differently than its book value, which is the value of Dynatronics that is recorded on the company's balance sheet. Investors also form their own opinion of Dynatronics' value that differs from its market value or its book value, called intrinsic value, which is Dynatronics' 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 Dynatronics' market value can be influenced by many factors that don't directly affect Dynatronics' 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 Dynatronics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Dynatronics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dynatronics' 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.
Dynatronics '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 Dynatronics' 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 Dynatronics.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Dynatronics on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Dynatronics or generate 0.0% return on investment in Dynatronics over 30 days. Dynatronics is related to or competes with Agilent Technologies, Illumina, Waters, Thermo Fisher, Mettler Toledo, Charles River, and Guardant Health. Dynatronics Corporation, a medical device company, designs, manufactures, and sells physical therapy, rehabilitation, or... More
Dynatronics 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 Dynatronics' 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 Dynatronics upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.02 | |||
| Information Ratio | 0.0227 | |||
| Maximum Drawdown | 42.75 | |||
| Value At Risk | (6.67) | |||
| Potential Upside | 9.52 |
Dynatronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dynatronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dynatronics' standard deviation. In reality, there are many statistical measures that can use Dynatronics historical prices to predict the future Dynatronics' volatility.| Risk Adjusted Performance | 0.0284 | |||
| Jensen Alpha | 0.2959 | |||
| Total Risk Alpha | (0.53) | |||
| Sortino Ratio | 0.0232 | |||
| Treynor Ratio | (0.28) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dynatronics' 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.
Dynatronics Backtested Returns
Dynatronics appears to be abnormally volatile, given 3 months investment horizon. Dynatronics secures Sharpe Ratio (or Efficiency) of 0.0599, which denotes the company had a 0.0599% return per unit of risk over the last 3 months. By reviewing Dynatronics' technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please utilize Dynatronics' Mean Deviation of 4.08, coefficient of variation of 3224.47, and Downside Deviation of 8.02 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Dynatronics holds a performance score of 4. The firm shows a Beta (market volatility) of -0.88, which means possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Dynatronics are expected to decrease slowly. On the other hand, during market turmoil, Dynatronics is expected to outperform it slightly. Please check Dynatronics' maximum drawdown, as well as the relationship between the skewness and day typical price , to make a quick decision on whether Dynatronics' price patterns will revert.
Auto-correlation | -0.3 |
Weak reverse predictability
Dynatronics has weak reverse predictability. Overlapping area represents the amount of predictability between Dynatronics 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 Dynatronics price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Dynatronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Dynatronics lagged returns against current returns
Autocorrelation, which is Dynatronics 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 Dynatronics' stock expected returns. We can calculate the autocorrelation of Dynatronics returns to help us make a trade decision. For example, suppose you find that Dynatronics 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 |
Dynatronics 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 Dynatronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dynatronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dynatronics stock over time.
Current vs Lagged Prices |
| Timeline |
Dynatronics Lagged Returns
When evaluating Dynatronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dynatronics stock have on its future price. Dynatronics 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, Dynatronics autocorrelation shows the relationship between Dynatronics stock current value and its past values and can show if there is a momentum factor associated with investing in Dynatronics.
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 Dynatronics 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, Dynatronics' short interest history, or implied volatility extrapolated from Dynatronics options trading.
Pair Trading with Dynatronics
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 Dynatronics 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 Dynatronics will appreciate offsetting losses from the drop in the long position's value.Moving against Dynatronics Stock
| 0.62 | BAX | Baxter International Financial Report 25th of April 2024 | PairCorr |
| 0.6 | ELMD | Electromed | PairCorr |
| 0.56 | ALC | Alcon AG Financial Report 14th of May 2024 | PairCorr |
| 0.54 | FEMY | Femasys Financial Report 9th of May 2024 | PairCorr |
| 0.5 | COO | Cooper Companies Financial Report 6th of June 2024 | PairCorr |
The ability to find closely correlated positions to Dynatronics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dynatronics 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 Dynatronics - 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 Dynatronics to buy it.
The correlation of Dynatronics 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 Dynatronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dynatronics 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 Dynatronics 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 Dynatronics Correlation, Dynatronics Volatility and Dynatronics Alpha and Beta module to complement your research on Dynatronics. For more information on how to buy Dynatronics Stock please use our How to Invest in Dynatronics guide.You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Complementary Tools for Dynatronics Stock analysis
When running Dynatronics' price analysis, check to measure Dynatronics' 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 Dynatronics is operating at the current time. Most of Dynatronics' value examination focuses on studying past and present price action to predict the probability of Dynatronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dynatronics' price. Additionally, you may evaluate how the addition of Dynatronics to your portfolios can decrease your overall portfolio volatility.
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Dynatronics 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.