Dow Inc Stock Beta

DOW Stock  USD 57.93  0.21  0.36%   
Dow Inc fundamentals help investors to digest information that contributes to Dow's financial success or failures. It also enables traders to predict the movement of Dow Stock. The fundamental analysis module provides a way to measure Dow's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Dow stock.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Dow Beta Analysis

Dow's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
 2021 2022 2023 2024 (projected)
Total Current Liabilities13.2B11.3B10.0B9.8B
Total Assets63.0B60.6B58.0B54.5B

Beta

 = 

Covariance

Variance

More About Beta | All Equity Analysis

Current Dow Beta

    
  1.31  
Most of Dow's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Dow Inc is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Dow Beta Driver Correlations

Understanding the fundamental principles of building solid financial models for Dow is extremely important. It helps to project a fair market value of Dow Stock properly, considering its historical fundamentals such as Beta. Since Dow's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Dow's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Dow's interrelated accounts and indicators.
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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Competition

In accordance with the recently published financial statements, Dow Inc has a Beta of 1.305. This is 50.0% higher than that of the Chemicals sector and 6.79% lower than that of the Materials industry. The beta for all United States stocks is notably lower than that of the firm.

Dow Beta Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Dow's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Dow could also be used in its relative valuation, which is a method of valuing Dow by comparing valuation metrics of similar companies.
Dow is currently under evaluation in beta category among related companies.

Dow Institutional Holders

Institutional Holdings refers to the ownership stake in Dow that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Dow's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Dow's value.
Shares
Amvescap Plc.2023-12-31
6.7 M
Norges Bank2023-12-31
6.5 M
Pacer Advisors, Inc.2023-12-31
6.3 M
Bank Of New York Mellon Corp2023-12-31
6.1 M
Legal & General Group Plc2023-12-31
5.6 M
Bank Of America Corp2023-12-31
4.9 M
State Farm Mutual Automobile Ins Co2023-12-31
4.8 M
Fmr Inc2023-12-31
4.8 M
Ubs Group Ag2023-12-31
4.6 M
Vanguard Group Inc2023-12-31
61.5 M
Blackrock Inc2023-12-31
47.2 M
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Dow will likely underperform.

Dow Fundamentals

About Dow Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Dow Inc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Dow using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Dow Inc based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Dow Inc. provides various materials science solutions for packaging, infrastructure, mobility, and consumer applications in the United States, Canada, Europe, the Middle East, Africa, India, the Asia Pacific, and Latin America. Dow Inc. was incorporated in 2018 and is headquartered in Midland, Michigan. Dow operates under Chemicals classification in the United States and is traded on New York Stock Exchange. It employs 35700 people.

Pair Trading with Dow

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

Moving against Dow Stock

  0.61X United States Steel Financial Report 25th of April 2024 PairCorr
  0.56CC Chemours Financial Report 25th of April 2024 PairCorr
  0.45ASTL Algoma Steel Group Financial Report 19th of June 2024 PairCorr
  0.44ZKIN ZK InternationalPairCorr
The ability to find closely correlated positions to Dow could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dow 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 Dow - 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 Dow Inc to buy it.
The correlation of Dow 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 Dow moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dow Inc 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 Dow 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 Dow Inc is a strong investment it is important to analyze Dow's 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 Dow's future performance. For an informed investment choice regarding Dow Stock, refer to the following important reports:
Check out Dow Piotroski F Score and Dow Altman Z Score analysis.
You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.

Complementary Tools for Dow Stock analysis

When running Dow's price analysis, check to measure Dow'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 Dow is operating at the current time. Most of Dow's value examination focuses on studying past and present price action to predict the probability of Dow's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dow's price. Additionally, you may evaluate how the addition of Dow to your portfolios can decrease your overall portfolio volatility.
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Is Dow'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 Dow. If investors know Dow 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 Dow 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
(0.59)
Dividend Share
2.8
Earnings Share
0.82
Revenue Per Share
63.231
Quarterly Revenue Growth
(0.10)
The market value of Dow Inc is measured differently than its book value, which is the value of Dow that is recorded on the company's balance sheet. Investors also form their own opinion of Dow's value that differs from its market value or its book value, called intrinsic value, which is Dow'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 Dow's market value can be influenced by many factors that don't directly affect Dow'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 Dow's value and its price as these two are different measures arrived at by different means. Investors typically determine if Dow is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dow'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.