Deswell Industries Stock Market Value
| DSWL Stock | USD 2.26 0.04 1.74% |
| Symbol | Deswell |
Deswell Industries Price To Book Ratio
Is Deswell Industries' 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 Deswell Industries. If investors know Deswell 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 Deswell Industries 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 (0.32) | Dividend Share 0.2 | Earnings Share 0.39 | Revenue Per Share 4.432 | Quarterly Revenue Growth (0.15) |
The market value of Deswell Industries is measured differently than its book value, which is the value of Deswell that is recorded on the company's balance sheet. Investors also form their own opinion of Deswell Industries' value that differs from its market value or its book value, called intrinsic value, which is Deswell Industries' 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 Deswell Industries' market value can be influenced by many factors that don't directly affect Deswell Industries' 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 Deswell Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Deswell Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Deswell Industries' 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.
Deswell Industries '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 Deswell Industries' 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 Deswell Industries.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Deswell Industries on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding Deswell Industries or generate 0.0% return on investment in Deswell Industries over 30 days. Deswell Industries is related to or competes with Ieh Corp, LGL, Micropac Industries, SigmaTron International, Daktronics, M Tron, and Inrad Optics. Deswell Industries, Inc. manufactures and sells injection-molded plastic parts and components, electronic products and s... More
Deswell Industries 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 Deswell Industries' 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 Deswell Industries upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 9.98 | |||
| Value At Risk | (2.64) | |||
| Potential Upside | 2.22 |
Deswell Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Deswell Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Deswell Industries' standard deviation. In reality, there are many statistical measures that can use Deswell Industries historical prices to predict the future Deswell Industries' volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.38) | |||
| Treynor Ratio | (0.65) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Deswell Industries' 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.
Deswell Industries Backtested Returns
Deswell Industries secures Sharpe Ratio (or Efficiency) of -0.0909, which denotes the company had a -0.0909% return per unit of risk over the last 3 months. Deswell Industries exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Deswell Industries' Standard Deviation of 1.65, variance of 2.74, and Mean Deviation of 1.24 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.25, which means not very significant fluctuations relative to the market. As returns on the market increase, Deswell Industries' returns are expected to increase less than the market. However, during the bear market, the loss of holding Deswell Industries is expected to be smaller as well. Deswell Industries has an expected return of -0.14%. Please make sure to confirm Deswell Industries treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Deswell Industries performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.12 |
Insignificant reverse predictability
Deswell Industries has insignificant reverse predictability. Overlapping area represents the amount of predictability between Deswell Industries time series from 24th of March 2024 to 8th of April 2024 and 8th of April 2024 to 23rd 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 Deswell Industries price movement. The serial correlation of -0.12 indicates that less than 12.0% of current Deswell Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Deswell Industries lagged returns against current returns
Autocorrelation, which is Deswell Industries 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 Deswell Industries' stock expected returns. We can calculate the autocorrelation of Deswell Industries returns to help us make a trade decision. For example, suppose you find that Deswell Industries 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 |
Deswell Industries 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 Deswell Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Deswell Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Deswell Industries stock over time.
Current vs Lagged Prices |
| Timeline |
Deswell Industries Lagged Returns
When evaluating Deswell Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Deswell Industries stock have on its future price. Deswell Industries 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, Deswell Industries autocorrelation shows the relationship between Deswell Industries stock current value and its past values and can show if there is a momentum factor associated with investing in Deswell Industries.
Regressed Prices |
| Timeline |
Pair Trading with Deswell Industries
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 Deswell Industries 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 Deswell Industries will appreciate offsetting losses from the drop in the long position's value.Moving against Deswell Stock
| 0.84 | BHE | Benchmark Electronics Financial Report 1st of May 2024 | PairCorr |
| 0.79 | SANM | Sanmina Financial Report 9th of May 2024 | PairCorr |
| 0.67 | CTS | CTS Corporation Earnings Call This Week | PairCorr |
| 0.64 | DTST | Data Storage Corp | PairCorr |
| 0.56 | WAVD | Wavedancer | PairCorr |
The ability to find closely correlated positions to Deswell Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Deswell Industries 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 Deswell Industries - 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 Deswell Industries to buy it.
The correlation of Deswell Industries 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 Deswell Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Deswell Industries 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 Deswell Industries 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 Deswell Industries Correlation, Deswell Industries Volatility and Deswell Industries Alpha and Beta module to complement your research on Deswell Industries. For more information on how to buy Deswell Stock please use our How to buy in Deswell Stock guide.You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Complementary Tools for Deswell Stock analysis
When running Deswell Industries' price analysis, check to measure Deswell Industries' 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 Deswell Industries is operating at the current time. Most of Deswell Industries' value examination focuses on studying past and present price action to predict the probability of Deswell Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Deswell Industries' price. Additionally, you may evaluate how the addition of Deswell Industries to your portfolios can decrease your overall portfolio volatility.
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Deswell Industries 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.