Dynex Capital Stock Market Value
| DX Stock | USD 11.46 0.12 1.04% |
| Symbol | Dynex |
Dynex Capital Price To Book Ratio
Is Dynex Capital'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 Dynex Capital. If investors know Dynex 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 Dynex Capital 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 (0.54) | Dividend Share 1.56 | Earnings Share (0.25) | Revenue Per Share 0.488 | Quarterly Revenue Growth (0.36) |
The market value of Dynex Capital is measured differently than its book value, which is the value of Dynex that is recorded on the company's balance sheet. Investors also form their own opinion of Dynex Capital's value that differs from its market value or its book value, called intrinsic value, which is Dynex Capital'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 Dynex Capital's market value can be influenced by many factors that don't directly affect Dynex Capital'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 Dynex Capital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Dynex Capital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dynex Capital'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.
Dynex Capital '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 Dynex Capital'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 Dynex Capital.
| 01/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Dynex Capital on January 24, 2024 and sell it all today you would earn a total of 0.00 from holding Dynex Capital or generate 0.0% return on investment in Dynex Capital over 90 days. Dynex Capital is related to or competes with Ellington Residential, Orchid Island, ARMOUR Residential, Ellington Financial, Ares Commercial, Cherry Hill, and Two Harbors. Dynex Capital, Inc., a mortgage real estate investment trust, invests in mortgage-backed securities on a leveraged basis... More
Dynex Capital 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 Dynex Capital'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 Dynex Capital upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 8.02 | |||
| Value At Risk | (2.85) | |||
| Potential Upside | 1.67 |
Dynex Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dynex Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dynex Capital's standard deviation. In reality, there are many statistical measures that can use Dynex Capital historical prices to predict the future Dynex Capital's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | (0.07) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dynex Capital'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.
Dynex Capital Backtested Returns
Dynex Capital secures Sharpe Ratio (or Efficiency) of -0.0617, which denotes the company had a -0.0617% return per unit of risk over the last 3 months. Dynex Capital exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Dynex Capital's Standard Deviation of 1.48, variance of 2.18, and Mean Deviation of 1.05 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.42, 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, Dynex Capital will likely underperform. Dynex Capital has an expected return of -0.0934%. Please make sure to confirm Dynex Capital potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Dynex Capital performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.12 |
Insignificant reverse predictability
Dynex Capital has insignificant reverse predictability. Overlapping area represents the amount of predictability between Dynex Capital time series from 24th of January 2024 to 9th of March 2024 and 9th of March 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 Dynex Capital price movement. The serial correlation of -0.12 indicates that less than 12.0% of current Dynex Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
Dynex Capital lagged returns against current returns
Autocorrelation, which is Dynex Capital 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 Dynex Capital's stock expected returns. We can calculate the autocorrelation of Dynex Capital returns to help us make a trade decision. For example, suppose you find that Dynex Capital 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 |
Dynex Capital 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 Dynex Capital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dynex Capital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dynex Capital stock over time.
Current vs Lagged Prices |
| Timeline |
Dynex Capital Lagged Returns
When evaluating Dynex Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dynex Capital stock have on its future price. Dynex Capital 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, Dynex Capital autocorrelation shows the relationship between Dynex Capital stock current value and its past values and can show if there is a momentum factor associated with investing in Dynex Capital.
Regressed Prices |
| Timeline |
Pair Trading with Dynex Capital
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 Dynex Capital 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 Dynex Capital will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Dynex Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dynex Capital 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 Dynex Capital - 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 Dynex Capital to buy it.
The correlation of Dynex Capital 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 Dynex Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dynex Capital 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 Dynex Capital 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 Dynex Capital Correlation, Dynex Capital Volatility and Dynex Capital Alpha and Beta module to complement your research on Dynex Capital. For more information on how to buy Dynex Stock please use our How to Invest in Dynex Capital guide.You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
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When running Dynex Capital's price analysis, check to measure Dynex Capital'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 Dynex Capital is operating at the current time. Most of Dynex Capital's value examination focuses on studying past and present price action to predict the probability of Dynex Capital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dynex Capital's price. Additionally, you may evaluate how the addition of Dynex Capital to your portfolios can decrease your overall portfolio volatility.
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Dynex Capital 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.