Dow Inc Stock Market Value
| DOW Stock | USD 57.32 0.37 0.64% |
| Symbol | Dow |
Dow Inc Price To Book Ratio
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.
Dow '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 Dow'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 Dow.
| 06/26/2022 |
| 04/16/2024 |
If you would invest 0.00 in Dow on June 26, 2022 and sell it all today you would earn a total of 0.00 from holding Dow Inc or generate 0.0% return on investment in Dow over 660 days. Dow is related to or competes with Lsb Industries, Green Plains, Valhi, and Huntsman. Dow Inc. provides various materials science solutions for packaging, infrastructure, mobility, and consumer applications... More
Dow 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 Dow'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 Dow Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9738 | |||
| Information Ratio | 0.0607 | |||
| Maximum Drawdown | 6.43 | |||
| Value At Risk | (1.60) | |||
| Potential Upside | 2.24 |
Dow Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dow's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dow's standard deviation. In reality, there are many statistical measures that can use Dow historical prices to predict the future Dow's volatility.| Risk Adjusted Performance | 0.0764 | |||
| Jensen Alpha | 0.0669 | |||
| Total Risk Alpha | 0.0255 | |||
| Sortino Ratio | 0.0727 | |||
| Treynor Ratio | 0.1151 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dow'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.
Dow Inc Backtested Returns
We consider Dow very steady. Dow Inc secures Sharpe Ratio (or Efficiency) of 0.14, which denotes the company had a 0.14% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Dow Inc, which you can use to evaluate the volatility of the firm. Please confirm Dow's Coefficient Of Variation of 873.41, downside deviation of 0.9738, and Mean Deviation of 0.8855 to check if the risk estimate we provide is consistent with the expected return of 0.17%. Dow has a performance score of 11 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.07, which means a somewhat significant risk relative to the market. Dow returns are very sensitive to returns on the market. As the market goes up or down, Dow is expected to follow. Dow Inc right now shows a risk of 1.18%. Please confirm Dow Inc downside variance, as well as the relationship between the daily balance of power and period momentum indicator , to decide if Dow Inc will be following its price patterns.
Auto-correlation | 0.38 |
Below average predictability
Dow Inc has below average predictability. Overlapping area represents the amount of predictability between Dow time series from 26th of June 2022 to 22nd of May 2023 and 22nd of May 2023 to 16th 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 Dow Inc price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Dow price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 9.5 |
Dow Inc lagged returns against current returns
Autocorrelation, which is Dow 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 Dow's stock expected returns. We can calculate the autocorrelation of Dow returns to help us make a trade decision. For example, suppose you find that Dow 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 |
Dow 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 Dow stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dow stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dow stock over time.
Current vs Lagged Prices |
| Timeline |
Dow Lagged Returns
When evaluating Dow's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dow stock have on its future price. Dow 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, Dow autocorrelation shows the relationship between Dow stock current value and its past values and can show if there is a momentum factor associated with investing in Dow Inc.
Regressed Prices |
| Timeline |
Dow Investors Sentiment
The influence of Dow's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Dow. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Dow's public news can be used to forecast risks associated with an investment in Dow. The trend in average sentiment can be used to explain how an investor holding Dow can time the market purely based on public headlines and social activities around Dow Inc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Dow's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Dow's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Dow's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Dow.
Dow Implied Volatility | 37.47 |
Dow's implied volatility exposes the market's sentiment of Dow Inc stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Dow's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Dow stock will not fluctuate a lot when Dow's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Dow in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Dow's short interest history, or implied volatility extrapolated from Dow options trading.
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 together with Dow Stock
| 0.72 | AA | Alcoa Corp Earnings Call Tomorrow | PairCorr |
| 0.74 | AG | First Majestic Silver Financial Report 2nd of May 2024 | PairCorr |
| 0.93 | AU | AngloGold Ashanti plc Sell-off Trend | PairCorr |
| 0.9 | CE | Celanese Financial Report 14th of May 2024 | PairCorr |
Moving against Dow Stock
| 0.86 | HLP | Hongli Group Ordinary | PairCorr |
| 0.71 | X | United States Steel Financial Report 25th of April 2024 | PairCorr |
| 0.54 | HYMCL | Hycroft Mining Holding | PairCorr |
| 0.41 | HYMCW | Hycroft Mining Holding | PairCorr |
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.Check out Dow Correlation, Dow Volatility and Dow Alpha and Beta module to complement your research on Dow. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
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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Dow 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.