Dole Plc Stock Market Value
| DOLE Stock | USD 12.26 0.04 0.33% |
| Symbol | Dole |
Dole PLC Price To Book Ratio
Is Dole PLC'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 Dole PLC. If investors know Dole 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 Dole PLC 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 2.235 | Dividend Share 0.32 | Earnings Share 1.53 | Revenue Per Share 86.868 | Quarterly Revenue Growth 0.015 |
The market value of Dole PLC is measured differently than its book value, which is the value of Dole that is recorded on the company's balance sheet. Investors also form their own opinion of Dole PLC's value that differs from its market value or its book value, called intrinsic value, which is Dole PLC'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 Dole PLC's market value can be influenced by many factors that don't directly affect Dole PLC'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 Dole PLC's value and its price as these two are different measures arrived at by different means. Investors typically determine if Dole PLC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dole PLC'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.
Dole PLC '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 Dole PLC'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 Dole PLC.
| 05/21/2023 |
| 05/15/2024 |
If you would invest 0.00 in Dole PLC on May 21, 2023 and sell it all today you would earn a total of 0.00 from holding Dole PLC or generate 0.0% return on investment in Dole PLC over 360 days. Dole PLC is related to or competes with Golden Agri-Resources, Vital FarmsInc, Global Clean, and Golden Agri-Resources. Dole plc engages in sourcing, processing, marketing, and distribution of fresh fruit and vegetables worldwide More
Dole PLC 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 Dole PLC'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 Dole PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.32 | |||
| Information Ratio | 0.0697 | |||
| Maximum Drawdown | 8.54 | |||
| Value At Risk | (1.87) | |||
| Potential Upside | 2.06 |
Dole PLC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dole PLC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dole PLC's standard deviation. In reality, there are many statistical measures that can use Dole PLC historical prices to predict the future Dole PLC's volatility.| Risk Adjusted Performance | 0.0859 | |||
| Jensen Alpha | 0.1546 | |||
| Total Risk Alpha | 0.0074 | |||
| Sortino Ratio | 0.0723 | |||
| Treynor Ratio | 0.8881 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dole PLC'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.
Dole PLC Backtested Returns
We consider Dole PLC very steady. Dole PLC secures Sharpe Ratio (or Efficiency) of 0.14, which denotes the company had a 0.14% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Dole PLC, which you can use to evaluate the volatility of the firm. Please confirm Dole PLC's Coefficient Of Variation of 770.04, downside deviation of 1.32, and Mean Deviation of 0.9709 to check if the risk estimate we provide is consistent with the expected return of 0.18%. Dole PLC has a performance score of 11 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.19, which means not very significant fluctuations relative to the market. As returns on the market increase, Dole PLC's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dole PLC is expected to be smaller as well. Dole PLC right now shows a risk of 1.25%. Please confirm Dole PLC potential upside, daily balance of power, and the relationship between the treynor ratio and expected short fall , to decide if Dole PLC will be following its price patterns.
Auto-correlation | -0.29 |
Weak reverse predictability
Dole PLC has weak reverse predictability. Overlapping area represents the amount of predictability between Dole PLC time series from 21st of May 2023 to 17th of November 2023 and 17th of November 2023 to 15th of May 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 Dole PLC price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current Dole PLC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
Dole PLC lagged returns against current returns
Autocorrelation, which is Dole PLC 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 Dole PLC's stock expected returns. We can calculate the autocorrelation of Dole PLC returns to help us make a trade decision. For example, suppose you find that Dole PLC 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 |
Dole PLC 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 Dole PLC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dole PLC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dole PLC stock over time.
Current vs Lagged Prices |
| Timeline |
Dole PLC Lagged Returns
When evaluating Dole PLC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dole PLC stock have on its future price. Dole PLC 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, Dole PLC autocorrelation shows the relationship between Dole PLC stock current value and its past values and can show if there is a momentum factor associated with investing in Dole PLC.
Regressed Prices |
| Timeline |
Pair Trading with Dole PLC
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 Dole PLC 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 Dole PLC will appreciate offsetting losses from the drop in the long position's value.Moving together with Dole Stock
| 0.89 | TPB | Turning Point Brands | PairCorr |
| 0.86 | TSN | Tyson Foods Fiscal Year End 11th of November 2024 | PairCorr |
Moving against Dole Stock
| 0.82 | SAM | Boston Beer | PairCorr |
| 0.8 | IH | IhumanInc | PairCorr |
| 0.77 | HPCO | Hempacco | PairCorr |
| 0.7 | ABEV | Ambev SA ADR | PairCorr |
| 0.5 | LW | Lamb Weston Holdings Financial Report 23rd of July 2024 | PairCorr |
The ability to find closely correlated positions to Dole PLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dole PLC 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 Dole PLC - 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 Dole PLC to buy it.
The correlation of Dole PLC 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 Dole PLC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dole PLC 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 Dole PLC 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 Dole PLC Correlation, Dole PLC Volatility and Dole PLC Alpha and Beta module to complement your research on Dole PLC. For information on how to trade Dole Stock refer to our How to Trade Dole Stock guide.You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Complementary Tools for Dole Stock analysis
When running Dole PLC's price analysis, check to measure Dole PLC'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 Dole PLC is operating at the current time. Most of Dole PLC's value examination focuses on studying past and present price action to predict the probability of Dole PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dole PLC's price. Additionally, you may evaluate how the addition of Dole PLC to your portfolios can decrease your overall portfolio volatility.
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Dole PLC 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.