Dynatronics Stock Market Value

DYNT Stock  USD 0.45  0.01  2.27%   
Dynatronics' market value is the price at which a share of Dynatronics trades on a public exchange. It measures the collective expectations of Dynatronics investors about its performance. Dynatronics is selling for under 0.45 as of the 28th of March 2024; that is 2.27 percent up since the beginning of the trading day. The stock's last reported lowest price was 0.45.
With this module, you can estimate the performance of a buy and hold strategy of Dynatronics and determine expected loss or profit from investing in Dynatronics over a given investment horizon. Check out Dynatronics Correlation, Dynatronics Volatility and Dynatronics Alpha and Beta module to complement your research on Dynatronics.
For more information on how to buy Dynatronics Stock please use our How to Invest in Dynatronics guide.
Symbol

Dynatronics Price To Book Ratio

Is Dynatronics' 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 Dynatronics. If investors know Dynatronics 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 Dynatronics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(1.40)
Revenue Per Share
8.392
Quarterly Revenue Growth
(0.25)
Return On Assets
(0.09)
Return On Equity
(0.28)
The market value of Dynatronics is measured differently than its book value, which is the value of Dynatronics that is recorded on the company's balance sheet. Investors also form their own opinion of Dynatronics' value that differs from its market value or its book value, called intrinsic value, which is Dynatronics' 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 Dynatronics' market value can be influenced by many factors that don't directly affect Dynatronics' 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 Dynatronics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Dynatronics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dynatronics' 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.

Dynatronics '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 Dynatronics' 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 Dynatronics.
0.00
02/27/2024
No Change 0.00  0.0 
In 30 days
03/28/2024
0.00
If you would invest  0.00  in Dynatronics on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Dynatronics or generate 0.0% return on investment in Dynatronics over 30 days. Dynatronics is related to or competes with EUDA Health, Spectral, Cigna Corp, Definitive Healthcare, Guardant Health, Laboratory, and Mednax. Dynatronics Corporation, a medical device company, designs, manufactures, and sells physical therapy, rehabilitation, or... More

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

Dynatronics Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Dynatronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dynatronics' standard deviation. In reality, there are many statistical measures that can use Dynatronics historical prices to predict the future Dynatronics' volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dynatronics' 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.
Hype
Prediction
LowEstimatedHigh
0.020.445.79
Details
Intrinsic
Valuation
LowRealHigh
0.071.316.66
Details
Naive
Forecast
LowNextHigh
0.010.475.82
Details
1 Analysts
Consensus
LowTargetHigh
3.583.934.36
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Dynatronics. Your research has to be compared to or analyzed against Dynatronics' peers to derive any actionable benefits. When done correctly, Dynatronics' 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 Dynatronics.

Dynatronics Backtested Returns

Dynatronics secures Sharpe Ratio (or Efficiency) of -0.0529, which denotes the company had a -0.0529% return per unit of risk over the last 3 months. Dynatronics exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Dynatronics' Standard Deviation of 5.3, variance of 28.14, and Mean Deviation of 3.0 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.14, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Dynatronics are expected to decrease at a much lower rate. During the bear market, Dynatronics is likely to outperform the market. Dynatronics has an expected return of -0.28%. Please make sure to confirm Dynatronics information ratio, skewness, as well as the relationship between the Skewness and price action indicator , to decide if Dynatronics performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.34  

Poor reverse predictability

Dynatronics has poor reverse predictability. Overlapping area represents the amount of predictability between Dynatronics time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 Dynatronics price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Dynatronics price fluctuation can be explain by its past prices.
Correlation Coefficient-0.34
Spearman Rank Test-0.24
Residual Average0.0
Price Variance0.0

Dynatronics lagged returns against current returns

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

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

Dynatronics Lagged Returns

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

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 Dynatronics 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, Dynatronics' short interest history, or implied volatility extrapolated from Dynatronics options trading.

Pair Trading with Dynatronics

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

Moving against Dynatronics Stock

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The ability to find closely correlated positions to Dynatronics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dynatronics 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 Dynatronics - 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 Dynatronics to buy it.
The correlation of Dynatronics 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 Dynatronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dynatronics 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 Dynatronics 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 Dynatronics is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Dynatronics Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Dynatronics Stock. Highlighted below are key reports to facilitate an investment decision about Dynatronics Stock:
Check out Dynatronics Correlation, Dynatronics Volatility and Dynatronics Alpha and Beta module to complement your research on Dynatronics.
For more information on how to buy Dynatronics Stock please use our How to Invest in Dynatronics guide.
You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.

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