Doubledown Interactiveco Stock Market Value
DDI Stock | USD 10.88 0.42 3.72% |
Symbol | Doubledown |
Doubledown InteractiveCo Price To Book Ratio
Is Doubledown InteractiveCo'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 Doubledown InteractiveCo. If investors know Doubledown 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 Doubledown InteractiveCo 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 0.28 | Earnings Share 2.03 | Revenue Per Share 6.233 | Quarterly Revenue Growth 0.091 | Return On Assets 0.0927 |
The market value of Doubledown InteractiveCo is measured differently than its book value, which is the value of Doubledown that is recorded on the company's balance sheet. Investors also form their own opinion of Doubledown InteractiveCo's value that differs from its market value or its book value, called intrinsic value, which is Doubledown InteractiveCo'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 Doubledown InteractiveCo's market value can be influenced by many factors that don't directly affect Doubledown InteractiveCo'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 Doubledown InteractiveCo's value and its price as these two are different measures arrived at by different means. Investors typically determine if Doubledown InteractiveCo is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Doubledown InteractiveCo'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.
Doubledown InteractiveCo '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 Doubledown InteractiveCo'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 Doubledown InteractiveCo.
02/28/2024 |
| 03/29/2024 |
If you would invest 0.00 in Doubledown InteractiveCo on February 28, 2024 and sell it all today you would earn a total of 0.00 from holding Doubledown InteractiveCo or generate 0.0% return on investment in Doubledown InteractiveCo over 30 days. Doubledown InteractiveCo is related to or competes with Mobile Global, Motorsport Gaming, GD Culture, GameSquare Holdings, and GDEV. DoubleDown Interactive Co., Ltd. engages in the development and publishing of digital games on mobile and web-based plat... More
Doubledown InteractiveCo 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 Doubledown InteractiveCo'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 Doubledown InteractiveCo upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 3.84 | |||
Information Ratio | 0.0933 | |||
Maximum Drawdown | 28.66 | |||
Value At Risk | (6.04) | |||
Potential Upside | 9.27 |
Doubledown InteractiveCo Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Doubledown InteractiveCo's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Doubledown InteractiveCo's standard deviation. In reality, there are many statistical measures that can use Doubledown InteractiveCo historical prices to predict the future Doubledown InteractiveCo's volatility.Risk Adjusted Performance | 0.0754 | |||
Jensen Alpha | 0.7037 | |||
Total Risk Alpha | (0.55) | |||
Sortino Ratio | 0.1245 | |||
Treynor Ratio | (0.75) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Doubledown InteractiveCo'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.
Doubledown InteractiveCo Backtested Returns
Doubledown InteractiveCo appears to be somewhat reliable, given 3 months investment horizon. Doubledown InteractiveCo secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the company had a 0.13% return per unit of risk over the last 3 months. By reviewing Doubledown InteractiveCo's technical indicators, you can evaluate if the expected return of 0.68% is justified by implied risk. Please utilize Doubledown InteractiveCo's Mean Deviation of 3.37, coefficient of variation of 835.8, and Downside Deviation of 3.84 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Doubledown InteractiveCo holds a performance score of 10. The firm shows a Beta (market volatility) of -0.81, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Doubledown InteractiveCo are expected to decrease at a much lower rate. During the bear market, Doubledown InteractiveCo is likely to outperform the market. Please check Doubledown InteractiveCo's expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to make a quick decision on whether Doubledown InteractiveCo's price patterns will revert.
Auto-correlation | -0.64 |
Very good reverse predictability
Doubledown InteractiveCo has very good reverse predictability. Overlapping area represents the amount of predictability between Doubledown InteractiveCo time series from 28th of February 2024 to 14th of March 2024 and 14th of March 2024 to 29th 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 Doubledown InteractiveCo price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current Doubledown InteractiveCo price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.64 | |
Spearman Rank Test | -0.48 | |
Residual Average | 0.0 | |
Price Variance | 0.87 |
Doubledown InteractiveCo lagged returns against current returns
Autocorrelation, which is Doubledown InteractiveCo 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 Doubledown InteractiveCo's stock expected returns. We can calculate the autocorrelation of Doubledown InteractiveCo returns to help us make a trade decision. For example, suppose you find that Doubledown InteractiveCo 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 |
Doubledown InteractiveCo 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 Doubledown InteractiveCo stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Doubledown InteractiveCo stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Doubledown InteractiveCo stock over time.
Current vs Lagged Prices |
Timeline |
Doubledown InteractiveCo Lagged Returns
When evaluating Doubledown InteractiveCo's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Doubledown InteractiveCo stock have on its future price. Doubledown InteractiveCo 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, Doubledown InteractiveCo autocorrelation shows the relationship between Doubledown InteractiveCo stock current value and its past values and can show if there is a momentum factor associated with investing in Doubledown InteractiveCo.
Regressed Prices |
Timeline |
Pair Trading with Doubledown InteractiveCo
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 Doubledown InteractiveCo 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 Doubledown InteractiveCo will appreciate offsetting losses from the drop in the long position's value.Moving against Doubledown Stock
0.88 | GIGM | Giga Media Earnings Call Today | PairCorr |
0.86 | GDEVW | Nexters Warrant | PairCorr |
0.85 | TTWO | Take-Two Interactive Financial Report 15th of May 2024 | PairCorr |
0.79 | MGAM | Mobile Global Esports Report 12th of April 2024 | PairCorr |
0.73 | MSGM | Motorsport Gaming | PairCorr |
The ability to find closely correlated positions to Doubledown InteractiveCo could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Doubledown InteractiveCo 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 Doubledown InteractiveCo - 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 Doubledown InteractiveCo to buy it.
The correlation of Doubledown InteractiveCo 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 Doubledown InteractiveCo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Doubledown InteractiveCo 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 Doubledown InteractiveCo 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 Doubledown InteractiveCo Correlation, Doubledown InteractiveCo Volatility and Doubledown InteractiveCo Alpha and Beta module to complement your research on Doubledown InteractiveCo. For more detail on how to invest in Doubledown Stock please use our How to Invest in Doubledown InteractiveCo guide.Note that the Doubledown InteractiveCo information on this page should be used as a complementary analysis to other Doubledown InteractiveCo's 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 the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Doubledown Stock analysis
When running Doubledown InteractiveCo's price analysis, check to measure Doubledown InteractiveCo'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 Doubledown InteractiveCo is operating at the current time. Most of Doubledown InteractiveCo's value examination focuses on studying past and present price action to predict the probability of Doubledown InteractiveCo's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Doubledown InteractiveCo's price. Additionally, you may evaluate how the addition of Doubledown InteractiveCo to your portfolios can decrease your overall portfolio volatility.
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Doubledown InteractiveCo 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.