Dangee Dums (India) Market Value

DANGEE
  

INR 20.05  0.10  0.50%   

Dangee Dums' market value is the price at which a share of Dangee Dums stock trades on a public exchange. It measures the collective expectations of Dangee Dums Limited investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Dangee Dums Limited and determine expected loss or profit from investing in Dangee Dums over a given investment horizon. Continue to Dangee Dums Correlation, Dangee Dums Volatility and Dangee Dums Alpha and Beta module to complement your research on Dangee Dums.
Symbol

Please note, there is a significant difference between Dangee Dums' value and its price as these two are different measures arrived at by different means. Investors typically determine Dangee Dums value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dangee Dums' 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.

Dangee Dums '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 Dangee Dums' 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 Dangee Dums.
0.00
12/08/2020
No Change 0.00  0.0 
In 1 year 11 months and 22 days
11/28/2022
0.00
If you would invest  0.00  in Dangee Dums on December 8, 2020 and sell it all today you would earn a total of 0.00 from holding Dangee Dums Limited or generate 0.0% return on investment in Dangee Dums over 720 days. Dangee Dums is related to or competes with MINDTREE, AXIS BANK, ULTRATECH CEMENT, ITC, ICICI BANK, and INDUSIND BANK. Dangee Dums Limited manufactures and trades in bakery and confectionery products in Gujarat, India More

Dangee Dums 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 Dangee Dums' 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 Dangee Dums Limited upside and downside potential and time the market with a certain degree of confidence.

Dangee Dums Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Dangee Dums' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dangee Dums' standard deviation. In reality, there are many statistical measures that can use Dangee Dums historical prices to predict the future Dangee Dums' volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Dangee Dums' 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. Please use the tools below to analyze the current value of Dangee Dums in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
14.9920.0525.11
Details
Intrinsic
Valuation
LowReal ValueHigh
13.5018.5623.62
Details
Naive
Forecast
LowNext ValueHigh
12.1117.1622.22
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
19.5522.6525.74
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Dangee Dums. Your research has to be compared to or analyzed against Dangee Dums' peers to derive any actionable benefits. When done correctly, Dangee Dums' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Dangee Dums Limited.

Dangee Dums Limited Backtested Returns

Dangee Dums Limited secures Sharpe Ratio (or Efficiency) of -0.1, which denotes the company had -0.1% of return per unit of risk over the last 3 months. Macroaxis standpoint 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. Dangee Dums Limited exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Dangee Dums Limited mean deviation of 2.7, and Coefficient Of Variation of (1,651) to check the risk estimate we provide.
The firm shows a Beta (market volatility) of 0.1124, which means not very significant fluctuations relative to the market. Let's try to break down what Dangee's beta means in this case. As returns on the market increase, Dangee Dums returns are expected to increase less than the market. However, during the bear market, the loss on holding Dangee Dums will be expected to be smaller as well. Even though it is essential to pay attention to Dangee Dums Limited historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy towards predicting any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Dangee Dums Limited exposes twenty-one different technical indicators, which can help you to evaluate its performance. Dangee Dums Limited has an expected return of -0.52%. Please be advised to confirm Dangee Dums Limited maximum drawdown, and the relationship between the information ratio and downside variance to decide if Dangee Dums Limited performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.83  

Very good predictability

Dangee Dums Limited has very good predictability. Overlapping area represents the amount of predictability between Dangee Dums time series from 8th of December 2020 to 3rd of December 2021 and 3rd of December 2021 to 28th of November 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Dangee Dums Limited price movement. The serial correlation of 0.83 indicates that around 83.0% of current Dangee Dums price fluctuation can be explain by its past prices.
Correlation Coefficient0.83
Spearman Rank Test0.69
Residual Average0.0
Price Variance23.97

Dangee Dums Limited lagged returns against current returns

Autocorrelation, which is Dangee Dums 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 Dangee Dums' stock expected returns. We can calculate the autocorrelation of Dangee Dums returns to help us make a trade decision. For example, suppose you find that Dangee Dums stock 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 stock movement to match the lagging time series.
   Current and Lagged Values   
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       Timeline  

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

Dangee Dums Lagged Returns

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

Be your own money manager

Our tools can tell you how much better you can do entering a position in Dangee Dums without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with Dangee Dums

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

Moving together with Dangee Dums

+0.8SOTLSAVITA OIL TECHNOLPairCorr
The ability to find closely correlated positions to Dangee Dums could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dangee Dums 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 Dangee Dums - 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 Dangee Dums Limited to buy it.
The correlation of Dangee Dums is a statistical measure of how it moves in relation to other equities. 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 Dangee Dums moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dangee Dums Limited 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 Dangee Dums 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
Continue to Dangee Dums Correlation, Dangee Dums Volatility and Dangee Dums Alpha and Beta module to complement your research on Dangee Dums. Note that the Dangee Dums Limited information on this page should be used as a complementary analysis to other Dangee Dums' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.

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Dangee Dums 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 Dangee Dums technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Dangee Dums 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...