Draganfly Stock Market Value

DPRO Stock  USD 0.36  0.04  10.00%   
Draganfly's market value is the price at which a share of Draganfly stock trades on a public exchange. It measures the collective expectations of Draganfly investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Draganfly and determine expected loss or profit from investing in Draganfly over a given investment horizon.
Check out Draganfly Correlation, Draganfly Volatility and Draganfly Alpha and Beta module to complement your research on Draganfly.
To learn how to invest in Draganfly Stock, please use our How to Invest in Draganfly guide.
Symbol

Draganfly Valuation

Is Draganfly'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 Draganfly. If investors know Draganfly 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 Draganfly listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.72)
Revenue Per Share
0.179
Quarterly Revenue Growth
0.14
Return On Assets
(0.85)
Return On Equity
(2.34)
The market value of Draganfly is measured differently than its book value, which is the value of Draganfly that is recorded on the company's balance sheet. Investors also form their own opinion of Draganfly's value that differs from its market value or its book value, called intrinsic value, which is Draganfly'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 Draganfly's market value can be influenced by many factors that don't directly affect Draganfly'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 Draganfly's value and its price as these two are different measures arrived at by different means. Investors typically determine if Draganfly is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Draganfly'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.

Draganfly '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 Draganfly'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 Draganfly.
0.00
01/23/2024
No Change 0.00  0.0 
In 30 days
02/22/2024
0.00
If you would invest  0.00  in Draganfly on January 23, 2024 and sell it all today you would earn a total of 0.00 from holding Draganfly or generate 0.0% return on investment in Draganfly over 30 days. Draganfly is related to or competes with A2Z Smart, Curtiss Wright, Ehang Holdings, General Dynamics, Planet Labs, VSE, and VirTra. Draganfly Inc. manufactures and sells commercial unmanned aerial vehicles worldwide More

Draganfly 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 Draganfly'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 Draganfly upside and downside potential and time the market with a certain degree of confidence.

Draganfly Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Draganfly's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Draganfly's standard deviation. In reality, there are many statistical measures that can use Draganfly historical prices to predict the future Draganfly's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Draganfly'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 Draganfly in the context of predictive analytics.
Hype
Prediction
LowEstimatedHigh
0.020.364.56
Details
Intrinsic
Valuation
LowRealHigh
0.020.344.54
Details
Naive
Forecast
LowNextHigh
0.010.414.61
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.320.400.48
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Draganfly. Your research has to be compared to or analyzed against Draganfly's peers to derive any actionable benefits. When done correctly, Draganfly'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 Draganfly.

Draganfly Backtested Returns

Draganfly secures Sharpe Ratio (or Efficiency) of -0.13, which denotes the company had -0.13% return per unit of standard deviation over the last 3 months. Our philosophy in 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. Draganfly exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its stock price that cannot be diversified away. Please confirm Draganfly's Mean Deviation of 3.05, standard deviation of 4.13, and Coefficient Of Variation of (708.81) to check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.6, 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, Draganfly will likely underperform. Draganfly has an expected return of -0.56%. Please make sure to confirm Draganfly information ratio, as well as the relationship between the potential upside and rate of daily change to decide if Draganfly performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.01  

Very weak reverse predictability

Draganfly has very weak reverse predictability. Overlapping area represents the amount of predictability between Draganfly time series from 23rd of January 2024 to 7th of February 2024 and 7th of February 2024 to 22nd of February 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 Draganfly price movement. The serial correlation of -0.01 indicates that just 1.0% of current Draganfly price fluctuation can be explain by its past prices.
Correlation Coefficient-0.01
Spearman Rank Test-0.15
Residual Average0.0
Price Variance0.0

Draganfly lagged returns against current returns

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

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

Draganfly Lagged Returns

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

Pair Trading with Draganfly

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

Moving together with Draganfly Stock

  0.81EH Ehang Holdings Report 27th of March 2024 PairCorr

Moving against Draganfly Stock

  0.85VTSI VirTra Inc Report 29th of March 2024 PairCorr
  0.69KWE KWESST Micro Systems Financial Report 9th of May 2024 PairCorr
  0.66CW Curtiss-Wright Financial Report 1st of May 2024 PairCorr
  0.66GD General Dynamics Fiscal Quarter End 31st of March 2024 PairCorr
  0.65HII Huntington Ingalls Financial Report 2nd of May 2024 PairCorr
The ability to find closely correlated positions to Draganfly could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Draganfly 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 Draganfly - 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 Draganfly to buy it.
The correlation of Draganfly 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 Draganfly moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Draganfly 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 Draganfly 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 Draganfly offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Draganfly's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Draganfly Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Draganfly Stock:
Check out Draganfly Correlation, Draganfly Volatility and Draganfly Alpha and Beta module to complement your research on Draganfly.
To learn how to invest in Draganfly Stock, please use our How to Invest in Draganfly guide.
You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.

Complementary Tools for Draganfly Stock analysis

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