Dave Inc Stock Market Value
| DAVE Stock | USD 41.87 5.65 15.60% |
| Symbol | Dave |
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.
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.
| 01/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Dave on January 25, 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 90 days. Dave is related to or competes with OppFi, CS Disco, Enfusion, Nerdy, Braze, Freshworks, and Clearwater Analytics. 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.
| Downside Deviation | 5.64 | |||
| Information Ratio | 0.1723 | |||
| Maximum Drawdown | 76.55 | |||
| Value At Risk | (8.51) | |||
| Potential Upside | 17.33 |
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.| Risk Adjusted Performance | 0.1225 | |||
| Jensen Alpha | 1.71 | |||
| Total Risk Alpha | 0.4601 | |||
| Sortino Ratio | 0.3226 | |||
| Treynor Ratio | 0.8353 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that 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.
Dave Inc Backtested Returns
Dave is somewhat reliable given 3 months investment horizon. Dave Inc secures Sharpe Ratio (or Efficiency) of 0.18, which denotes the company had a 0.18% return per unit of risk over the last 3 months. We were able to interpolate and analyze data for thirty different technical indicators, which can help you to evaluate if expected returns of 1.91% are justified by taking the suggested risk. Use Dave Downside Deviation of 5.64, coefficient of variation of 551.44, and Mean Deviation of 6.19 to evaluate company specific risk that cannot be diversified away. Dave holds a performance score of 14 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 2.28, 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, Dave will likely underperform. 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 | 0.26 |
Poor predictability
Dave Inc has poor predictability. Overlapping area represents the amount of predictability between Dave 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 Dave Inc price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Dave price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 6.04 |
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 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 |
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 together with Dave Stock
| 0.7 | DJCO | Daily Journal Corp | PairCorr |
Moving against Dave Stock
| 0.85 | EB | Eventbrite Class A Financial Report 14th of May 2024 | PairCorr |
| 0.81 | DV | DoubleVerify Holdings Financial Report 8th of May 2024 | PairCorr |
| 0.81 | WK | Workiva Financial Report 7th of May 2024 | PairCorr |
| 0.8 | DOMO | Domo Inc Financial Report 23rd of May 2024 | PairCorr |
| 0.79 | VCSA | Vacasa Inc Upward Rally | PairCorr |
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 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 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.Check out Dave Correlation, Dave Volatility and Dave Alpha and Beta module to complement your research on Dave. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Complementary Tools for Dave Stock analysis
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.
| Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
| Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity |
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.