Dollar General (Brazil) Market Value
| DGCO34 Stock | BRL 30.02 0.38 1.25% |
| Symbol | Dollar |
Dollar General '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 Dollar General'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 Dollar General.
| 06/16/2022 |
| 06/05/2024 |
If you would invest 0.00 in Dollar General on June 16, 2022 and sell it all today you would earn a total of 0.00 from holding Dollar General or generate 0.0% return on investment in Dollar General over 720 days. Dollar General is related to or competes with Costco Wholesale, Western Digital, Energisa, BTG Pactual, Plano Plano, Companhia Habitasul, and Procter Gamble. Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, Mi... More
Dollar General 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 Dollar General'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 Dollar General upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 8.47 | |||
| Value At Risk | (3.36) | |||
| Potential Upside | 4.01 |
Dollar General Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dollar General's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dollar General's standard deviation. In reality, there are many statistical measures that can use Dollar General historical prices to predict the future Dollar General's volatility.| Risk Adjusted Performance | 0.0066 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | 0.0209 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dollar General'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.
Dollar General Backtested Returns
Dollar General secures Sharpe Ratio (or Efficiency) of -0.0502, which denotes the company had a -0.0502% return per unit of risk over the last 3 months. Dollar General exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Dollar General's Variance of 4.57, mean deviation of 1.69, and Standard Deviation of 2.14 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.56, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Dollar General are expected to decrease at a much lower rate. During the bear market, Dollar General is likely to outperform the market. At this point, Dollar General has a negative expected return of -0.11%. Please make sure to confirm Dollar General's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Dollar General performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.26 |
Weak reverse predictability
Dollar General has weak reverse predictability. Overlapping area represents the amount of predictability between Dollar General time series from 16th of June 2022 to 11th of June 2023 and 11th of June 2023 to 5th of June 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 Dollar General price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Dollar General price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 12.78 |
Dollar General lagged returns against current returns
Autocorrelation, which is Dollar General 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 Dollar General's stock expected returns. We can calculate the autocorrelation of Dollar General returns to help us make a trade decision. For example, suppose you find that Dollar General 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 |
Dollar General 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 Dollar General stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dollar General stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dollar General stock over time.
Current vs Lagged Prices |
| Timeline |
Dollar General Lagged Returns
When evaluating Dollar General's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dollar General stock have on its future price. Dollar General 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, Dollar General autocorrelation shows the relationship between Dollar General stock current value and its past values and can show if there is a momentum factor associated with investing in Dollar General.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Information and Resources on Investing in Dollar Stock
When determining whether Dollar General is a strong investment it is important to analyze Dollar General's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Dollar General's future performance. For an informed investment choice regarding Dollar Stock, refer to the following important reports:Check out Dollar General Correlation, Dollar General Volatility and Dollar General Alpha and Beta module to complement your research on Dollar General. For information on how to trade Dollar Stock refer to our How to Trade Dollar Stock guide.You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Dollar General 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.