Dover Stock Market Value

DVD -  USA Stock  

USD 2.44  0.02  0.83%

Dover Downs' market value is the price at which a share of Dover Downs stock trades on a public exchange. It measures the collective expectations of Dover Downs Entertainment investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Dover Downs Entertainment and determine expected loss or profit from investing in Dover Downs over a given investment horizon. Continue to Dover Downs Hype Analysis, Dover Downs Correlation, Dover Downs Valuation, Dover Downs Volatility, as well as analyze Dover Downs Alpha and Beta and Dover Downs Performance.
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The market value of Dover Downs Entertainment is measured differently than its book value, which is the value of Dover that is recorded on the company's balance sheet. Investors also form their own opinion of Dover Downs' value that differs from its market value or its book value, called intrinsic value, which is Dover Downs' 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 Dover Downs' market value can be influenced by many factors that don't directly affect Dover Downs Entertainment 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 Dover Downs' value and its price as these two are different measures arrived at by different means. Investors typically determine Dover Downs value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dover Downs' 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.

Dover Downs '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 Dover Downs' 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 Dover Downs.
0.00
07/22/2021
No Change 0.00  0.0 
In 2 months and 1 day
09/20/2021
0.00
If you would invest  0.00  in Dover Downs on July 22, 2021 and sell it all today you would earn a total of 0.00 from holding Dover Downs Entertainment or generate 0.0% return on investment in Dover Downs over 60 days. Dover Downs is related to or competes with Ballantyne Strong, Hasbro, Escalade, Drive Shack, Funko Inc, Brunswick Corp, and Mattel. Dover Motorsports, Inc. markets and promotes motorsports entertainment in the United States

Dover Downs 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 Dover Downs' 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 Dover Downs Entertainment upside and downside potential and time the market with a certain degree of confidence.

Dover Downs Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Dover Downs' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dover Downs' standard deviation. In reality, there are many statistical measures that can use Dover Downs historical prices to predict the future Dover Downs' volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Dover Downs' 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 Dover Downs in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.122.455.32
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Intrinsic
Valuation
LowReal ValueHigh
0.122.465.34
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Naive
Forecast
LowNext ValueHigh
0.0490482.455.32
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Bollinger
Band Projection (param)
LowerMiddle BandUpper
2.362.572.78
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Please note, it is not enough to conduct a financial or market analysis of a single entity such as Dover Downs. Your research has to be compared to or analyzed against Dover Downs' peers to derive any actionable benefits. When done correctly, Dover Downs' 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 Dover Downs Entertainment.

Dover Downs Entertainment Backtested Returns

We consider Dover Downs unstable. Dover Downs Entertainment secures Sharpe Ratio (or Efficiency) of 0.0487, which denotes the company had 0.0487% of return per unit of risk over the last 3 months. Our standpoint towards predicting the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Dover Downs Entertainment, which you can use to evaluate the future volatility of the firm. Please confirm Dover Downs Entertainment Downside Deviation of 2.69, mean deviation of 1.79, and Coefficient Of Variation of 3171.43 to check if the risk estimate we provide is consistent with the expected return of 0.14%.
Dover Downs has performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.4654, which means possible diversification benefits within a given portfolio. Let's try to break down what Dover's beta means in this case. As returns on the market increase, Dover Downs returns are expected to increase less than the market. However, during the bear market, the loss on holding Dover Downs will be expected to be smaller as well. Although it is extremely important to respect Dover Downs Entertainment historical returns, it is better to be realistic regarding the information on equity current trending patterns. The philosophy towards predicting future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By reviewing Dover Downs Entertainment technical indicators, you can presently evaluate if the expected return of 0.14% will be sustainable into the future. Dover Downs Entertainment right now shows a risk of 2.92%. Please confirm Dover Downs Entertainment information ratio, value at risk, as well as the relationship between the Value At Risk and expected short fall to decide if Dover Downs Entertainment will be following its price patterns.
AdviceVolatility TrendExposureCorrelations

Auto-correlation

    
  (0.71)   

Almost perfect reverse predictability

Dover Downs Entertainment has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Dover Downs time series from 22nd of July 2021 to 21st of August 2021 and 21st of August 2021 to 20th 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 Dover Downs Entertainment price movement. The serial correlation of -0.71 indicates that around 71.0% of current Dover Downs price fluctuation can be explain by its past prices. Given that Dover Downs Entertainment has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Dover Downs for similar time interval.
Correlation Coefficient-0.71
Spearman Rank Test-0.71
Residual Average0.0
Price Variance0.01

Dover Downs Entertainment lagged returns against current returns

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

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

Be your own money manager

Our tools can tell you how much better you can do entering a position in Dover Downs without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Fundamental Analysis

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Pair Trading with Dover Downs

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

Dover Downs Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Dover Downs and Ballantyne Strong. 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
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Continue to Dover Downs Hype Analysis, Dover Downs Correlation, Dover Downs Valuation, Dover Downs Volatility, as well as analyze Dover Downs Alpha and Beta and Dover Downs Performance. Note that the Dover Downs Entertainment information on this page should be used as a complementary analysis to other Dover Downs' 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 Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.

Complementary Tools for Dover Stock analysis

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