Dustin Group (Sweden) Market Value
| DUST Stock | SEK 14.52 0.18 1.26% |
| Symbol | Dustin |
Dustin Group '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 Dustin Group'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 Dustin Group.
| 05/05/2024 |
| 06/04/2024 |
If you would invest 0.00 in Dustin Group on May 5, 2024 and sell it all today you would earn a total of 0.00 from holding Dustin Group AB or generate 0.0% return on investment in Dustin Group over 30 days. Dustin Group is related to or competes with NetJobs Group, Doxa AB, Clean Motion, KABE Group, IAR Systems, Embellence Group, and Norva24 Group. Dustin Group AB offers online IT products and services in Sweden, Denmark, Finland, Norway, and the Netherlands More
Dustin Group 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 Dustin Group'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 Dustin Group AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.96 | |||
| Information Ratio | 0.1307 | |||
| Maximum Drawdown | 14.85 | |||
| Value At Risk | (4.58) | |||
| Potential Upside | 3.96 |
Dustin Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dustin Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dustin Group's standard deviation. In reality, there are many statistical measures that can use Dustin Group historical prices to predict the future Dustin Group's volatility.| Risk Adjusted Performance | 0.0981 | |||
| Jensen Alpha | 0.3875 | |||
| Total Risk Alpha | 0.2658 | |||
| Sortino Ratio | 0.1185 | |||
| Treynor Ratio | (0.92) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dustin Group'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.
Dustin Group AB Backtested Returns
Dustin Group appears to be somewhat reliable, given 3 months investment horizon. Dustin Group AB secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the company had a 0.13% return per unit of risk over the last 3 months. We have found thirty technical indicators for Dustin Group AB, which you can use to evaluate the volatility of the firm. Please utilize Dustin Group's Mean Deviation of 2.06, coefficient of variation of 693.93, and Downside Deviation of 2.96 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Dustin Group holds a performance score of 9. The firm shows a Beta (market volatility) of -0.41, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Dustin Group are expected to decrease at a much lower rate. During the bear market, Dustin Group is likely to outperform the market. Please check Dustin Group's treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Dustin Group's price patterns will revert.
Auto-correlation | 0.65 |
Good predictability
Dustin Group AB has good predictability. Overlapping area represents the amount of predictability between Dustin Group time series from 5th of May 2024 to 20th of May 2024 and 20th of May 2024 to 4th 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 Dustin Group AB price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current Dustin Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 0.26 |
Dustin Group AB lagged returns against current returns
Autocorrelation, which is Dustin Group 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 Dustin Group's stock expected returns. We can calculate the autocorrelation of Dustin Group returns to help us make a trade decision. For example, suppose you find that Dustin Group 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 |
Dustin Group 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 Dustin Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dustin Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dustin Group stock over time.
Current vs Lagged Prices |
| Timeline |
Dustin Group Lagged Returns
When evaluating Dustin Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dustin Group stock have on its future price. Dustin Group 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, Dustin Group autocorrelation shows the relationship between Dustin Group stock current value and its past values and can show if there is a momentum factor associated with investing in Dustin Group AB.
Regressed Prices |
| Timeline |
Pair Trading with Dustin Group
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 Dustin Group 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 Dustin Group will appreciate offsetting losses from the drop in the long position's value.Moving against Dustin Stock
| 0.66 | SSAB-A | SSAB AB | PairCorr |
| 0.65 | SSAB-B | SSAB AB | PairCorr |
| 0.47 | SHB-B | Svenska Handelsbanken | PairCorr |
| 0.46 | SEB-C | Skandinaviska Enskilda | PairCorr |
The ability to find closely correlated positions to Dustin Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dustin Group 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 Dustin Group - 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 Dustin Group AB to buy it.
The correlation of Dustin Group 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 Dustin Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dustin Group AB 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 Dustin Group 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.Additional Tools for Dustin Stock Analysis
When running Dustin Group's price analysis, check to measure Dustin Group'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 Dustin Group is operating at the current time. Most of Dustin Group's value examination focuses on studying past and present price action to predict the probability of Dustin Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dustin Group's price. Additionally, you may evaluate how the addition of Dustin Group to your portfolios can decrease your overall portfolio volatility.