Drive Stock Market Value

DS -  USA Stock  

USD 2.85  0.08  2.89%

Drive Shack's market value is the price at which a share of Drive Shack stock trades on a public exchange. It measures the collective expectations of Drive Shack investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Drive Shack and determine expected loss or profit from investing in Drive Shack over a given investment horizon. Continue to Drive Shack Hype Analysis, Drive Shack Correlation, Drive Shack Valuation, Drive Shack Volatility, as well as analyze Drive Shack Alpha and Beta and Drive Shack Performance.
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Backtest


The market value of Drive Shack is measured differently than its book value, which is the value of Drive that is recorded on the company's balance sheet. Investors also form their own opinion of Drive Shack's value that differs from its market value or its book value, called intrinsic value, which is Drive Shack'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 Drive Shack's market value can be influenced by many factors that don't directly affect Drive Shack underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Drive Shack's value and its price as these two are different measures arrived at by different means. Investors typically determine Drive Shack value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Drive Shack'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.

Drive Shack '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 Drive Shack'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 Drive Shack.
0.00
09/29/2019
No Change 0.00  0.0 
In 1 year 11 months and 22 days
09/18/2021
0.00
If you would invest  0.00  in Drive Shack on September 29, 2019 and sell it all today you would earn a total of 0.00 from holding Drive Shack or generate 0.0% return on investment in Drive Shack over 720 days. Drive Shack is related to or competes with Brunswick Corp, Escalade, Funko Inc, Ballantyne Strong, Dover Downs, Callaway Golf, and Cedar Fair. Drive Shack Inc. owns and operates golf-related leisure and entertainment venue business

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

Drive Shack Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Drive Shack's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Drive Shack's standard deviation. In reality, there are many statistical measures that can use Drive Shack historical prices to predict the future Drive Shack's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Drive Shack'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 Drive Shack in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.142.816.45
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Intrinsic
Valuation
LowReal ValueHigh
0.173.367.00
Details
Naive
Forecast
LowNext ValueHigh
0.062.896.54
Details
1 Analysts
Consensus
LowTarget PriceHigh
5.005.005.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Drive Shack. Your research has to be compared to or analyzed against Drive Shack's peers to derive any actionable benefits. When done correctly, Drive Shack's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Drive Shack.

Drive Shack Backtested Returns

Drive Shack secures Sharpe Ratio (or Efficiency) of -0.0423, which denotes the company had -0.0423% of return per unit of risk over the last 3 months. Macroaxis standpoint towards 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. Drive Shack exposes twenty-seven different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Drive Shack mean deviation of 2.93, and Coefficient Of Variation of (1,325) to check the risk estimate we provide.
The firm shows a Beta (market volatility) of 1.4883, which means a somewhat significant risk relative to the market. Let's try to break down what Drive's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Drive Shack will likely underperform. Even though it is essential to pay attention to Drive Shack historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy towards predicting any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Drive Shack exposes twenty-seven different technical indicators, which can help you to evaluate its performance. Drive Shack has an expected return of -0.15%. Please be advised to confirm Drive Shack potential upside, and the relationship between the total risk alpha and kurtosis to decide if Drive Shack performance from the past will be repeated at some point in the near future.
AdviceVolatility TrendExposureCorrelations

Auto-correlation

    
  (0.71)   

Almost perfect reverse predictability

Drive Shack has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Drive Shack time series from 29th of September 2019 to 23rd of September 2020 and 23rd of September 2020 to 18th of September 2021. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Drive Shack price movement. The serial correlation of -0.71 indicates that around 71.0% of current Drive Shack price fluctuation can be explain by its past prices. Given that Drive Shack has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Drive Shack for similar time interval.
Correlation Coefficient-0.71
Spearman Rank Test-0.3
Residual Average0.0
Price Variance0.48

Drive Shack lagged returns against current returns

Autocorrelation, which is Drive Shack 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 Drive Shack's stock expected returns. We can calculate the autocorrelation of Drive Shack returns to help us make a trade decision. For example, suppose you find that Drive Shack 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 
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Drive Shack 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 Drive Shack stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Drive Shack stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Drive Shack stock over time.
 Current vs Lagged Prices 
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Drive Shack Lagged Returns

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

Drive Shack Investors Sentiment

The influence of Drive Shack'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 Drive. 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 markets does not have a solid backing from leading economists and market statisticians.

Current Sentiment - DS

Drive Shack Investor Sentiment

Larger part of Macroaxis users are currently bullish on Drive Shack. What is your opinion about investing in Drive Shack? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Pair Trading with Drive Shack

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

Drive Shack Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Drive Shack and Brunswick Corp. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
Run Pair Correlation  
Continue to Drive Shack Hype Analysis, Drive Shack Correlation, Drive Shack Valuation, Drive Shack Volatility, as well as analyze Drive Shack Alpha and Beta and Drive Shack Performance. Note that the Drive Shack information on this page should be used as a complementary analysis to other Drive Shack'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 Volatility Analysis module to get historical volatility and risk analysis based on latest market data.

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