Dave Inc Stock Market Value

DAVE Stock  USD 22.82  3.37  12.87%   
Dave's market value is the price at which a share of Dave stock trades on a public exchange. It measures the collective expectations of Dave Inc investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Dave Inc and determine expected loss or profit from investing in Dave over a given investment horizon.
Check out Dave Correlation, Dave Volatility and Dave Alpha and Beta module to complement your research on Dave.
Symbol

Dave Inc Valuation

Is Dave'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 Dave. If investors know Dave 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 Dave listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(5.90)
Revenue Per Share
20.713
Quarterly Revenue Growth
0.159
Return On Assets
(0.13)
Return On Equity
(0.69)
The market value of Dave Inc is measured differently than its book value, which is the value of Dave that is recorded on the company's balance sheet. Investors also form their own opinion of Dave's value that differs from its market value or its book value, called intrinsic value, which is Dave'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 Dave's market value can be influenced by many factors that don't directly affect Dave'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 Dave's value and its price as these two are different measures arrived at by different means. Investors typically determine if Dave is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dave'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.

Dave '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 Dave's 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 Dave.
0.00
02/02/2024
No Change 0.00  0.0 
In 31 days
03/03/2024
0.00
If you would invest  0.00  in Dave on February 2, 2024 and sell it all today you would earn a total of 0.00 from holding Dave Inc or generate 0.0% return on investment in Dave over 30 days. Dave is related to or competes with Kingsoft Cloud, Daily Journal, C3 Ai, and Eventbrite. Dave Inc. provides a suite of financial products and services through its financial service online platform More

Dave 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 Dave's 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 Dave Inc upside and downside potential and time the market with a certain degree of confidence.

Dave Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Dave's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dave's standard deviation. In reality, there are many statistical measures that can use Dave historical prices to predict the future Dave's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Dave's 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 Dave in the context of predictive analytics.
Hype
Prediction
LowEstimatedHigh
17.5224.4231.32
Details
Intrinsic
Valuation
LowRealHigh
6.4913.3925.10
Details
Naive
Forecast
LowNextHigh
17.7324.6331.53
Details
0 Analysts
Consensus
LowTargetHigh
6.236.857.60
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Dave. Your research has to be compared to or analyzed against Dave's peers to derive any actionable benefits. When done correctly, Dave's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Dave Inc.

Dave Inc Backtested Returns

Dave is relatively risky given 3 months investment horizon. Dave Inc secures Sharpe Ratio (or Efficiency) of 0.33, which denotes the company had 0.33% return per unit of risk over the last 3 months. Our standpoint towards predicting the volatility of a stock is to use Dave Inc market data together with company specific technical indicators. We were able to interpolate and analyze data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 2.26% are justified by taking the suggested risk. Use Dave Mean Deviation of 4.78, coefficient of variation of 304.78, and Downside Deviation of 5.2 to evaluate company specific risk that cannot be diversified away. Dave holds a performance score of 25 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 0.68, which means possible diversification benefits within a given portfolio. As returns on the market increase, Dave returns are expected to increase less than the market. However, during the bear market, the loss on holding Dave will be expected to be smaller as well. To evaluate if Dave Inc expected return of 2.26 will be sustainable into the future, we have found twenty-nine different technical indicators, which can help you to check if the expected returns are sustainable. Use Dave expected short fall, and the relationship between the value at risk and daily balance of power to analyze future returns on Dave.

Auto-correlation

    
  -0.68  

Very good reverse predictability

Dave Inc has very good reverse predictability. Overlapping area represents the amount of predictability between Dave time series from 2nd of February 2024 to 17th of February 2024 and 17th of February 2024 to 3rd of March 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 Dave Inc price movement. The serial correlation of -0.68 indicates that around 68.0% of current Dave price fluctuation can be explain by its past prices.
Correlation Coefficient-0.68
Spearman Rank Test0.42
Residual Average0.0
Price Variance1.97

Dave Inc lagged returns against current returns

Autocorrelation, which is Dave 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 Dave's stock expected returns. We can calculate the autocorrelation of Dave returns to help us make a trade decision. For example, suppose you find that Dave 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   
       Timeline  

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

Dave Lagged Returns

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

Pair Trading with Dave

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

Moving against Dave Stock

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The ability to find closely correlated positions to Dave could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dave 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 Dave - 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 Dave Inc to buy it.
The correlation of Dave 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 Dave moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dave 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 Dave 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 Dave Inc is a strong investment it is important to analyze Dave'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 Dave's future performance. For an informed investment choice regarding Dave Stock, refer to the following important reports:
Check out Dave Correlation, Dave Volatility and Dave Alpha and Beta module to complement your research on Dave.
You can also try the Stocks Directory module to find actively traded stocks across global markets.

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When running Dave's price analysis, check to measure Dave'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 Dave is operating at the current time. Most of Dave's value examination focuses on studying past and present price action to predict the probability of Dave's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dave's price. Additionally, you may evaluate how the addition of Dave to your portfolios can decrease your overall portfolio volatility.
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Dave 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 Dave technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Dave 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...