Dpcm Capital Stock Market Value
| QBTS Stock | USD 1.17 0.06 4.88% |
| Symbol | DPCM |
DPCM Capital Price To Book Ratio
Is DPCM 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 DPCM Capital. If investors know DPCM 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 DPCM Capital listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.60) | Revenue Per Share 0.063 | Quarterly Revenue Growth 0.213 | Return On Assets (1.17) | Return On Equity (34.94) |
The market value of DPCM Capital is measured differently than its book value, which is the value of DPCM that is recorded on the company's balance sheet. Investors also form their own opinion of DPCM Capital's value that differs from its market value or its book value, called intrinsic value, which is DPCM 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 DPCM Capital's market value can be influenced by many factors that don't directly affect DPCM 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 DPCM Capital's value and its price as these two are different measures arrived at by different means. Investors typically determine if DPCM Capital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DPCM 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.
DPCM 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 DPCM 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 DPCM Capital.
| 09/27/2023 |
| 05/24/2024 |
If you would invest 0.00 in DPCM Capital on September 27, 2023 and sell it all today you would earn a total of 0.00 from holding DPCM Capital or generate 0.0% return on investment in DPCM Capital over 240 days. DPCM Capital is related to or competes with IONQ, Quantum, Desktop Metal, Rigetti Computing, Super Micro, Cricut, and Stratasys. D-Wave Quantum Inc. develops and delivers quantum computing systems, software, and services worldwide More
DPCM 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 DPCM 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 DPCM Capital upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 27.77 | |||
| Value At Risk | (7.32) | |||
| Potential Upside | 12.98 |
DPCM Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DPCM Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DPCM Capital's standard deviation. In reality, there are many statistical measures that can use DPCM Capital historical prices to predict the future DPCM Capital's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.58) | |||
| Total Risk Alpha | (0.99) | |||
| Treynor Ratio | (0.25) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of DPCM 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.
DPCM Capital Backtested Returns
DPCM Capital retains Efficiency (Sharpe Ratio) of -0.0913, which denotes the company had a -0.0913% return per unit of risk over the last 3 months. DPCM Capital exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm DPCM Capital's Market Risk Adjusted Performance of (0.24), standard deviation of 6.27, and Variance of 39.36 to check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 1.92, 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, DPCM Capital will likely underperform. DPCM Capital has an expected return of -0.58%. Please make sure to confirm DPCM Capital maximum drawdown, as well as the relationship between the daily balance of power and relative strength index , to decide if DPCM Capital performance from the past will be repeated in the future.
Auto-correlation | -0.26 |
Weak reverse predictability
DPCM Capital has weak reverse predictability. Overlapping area represents the amount of predictability between DPCM Capital time series from 27th of September 2023 to 25th of January 2024 and 25th of January 2024 to 24th 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 DPCM Capital price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current DPCM Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
DPCM Capital lagged returns against current returns
Autocorrelation, which is DPCM 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 DPCM Capital's stock expected returns. We can calculate the autocorrelation of DPCM Capital returns to help us make a trade decision. For example, suppose you find that DPCM 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 |
DPCM 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 DPCM Capital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DPCM Capital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DPCM Capital stock over time.
Current vs Lagged Prices |
| Timeline |
DPCM Capital Lagged Returns
When evaluating DPCM Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DPCM Capital stock have on its future price. DPCM 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, DPCM Capital autocorrelation shows the relationship between DPCM Capital stock current value and its past values and can show if there is a momentum factor associated with investing in DPCM Capital.
Regressed Prices |
| Timeline |
Pair Trading with DPCM 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 DPCM 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 DPCM Capital will appreciate offsetting losses from the drop in the long position's value.Moving against DPCM Stock
| 0.61 | WDC | Western Digital Financial Report 29th of July 2024 | PairCorr |
| 0.6 | NOK | Nokia Corp ADR | PairCorr |
| 0.6 | ZBRA | Zebra Technologies | PairCorr |
| 0.55 | FKWL | Franklin Wireless Corp | PairCorr |
| 0.51 | GLW | Corning Incorporated | PairCorr |
The ability to find closely correlated positions to DPCM 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 DPCM 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 DPCM 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 DPCM Capital to buy it.
The correlation of DPCM 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 DPCM Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DPCM 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 DPCM 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 DPCM Capital Correlation, DPCM Capital Volatility and DPCM Capital Alpha and Beta module to complement your research on DPCM Capital. For more information on how to buy DPCM Stock please use our How to Invest in DPCM Capital guide.You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Complementary Tools for DPCM Stock analysis
When running DPCM Capital's price analysis, check to measure DPCM 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 DPCM Capital is operating at the current time. Most of DPCM Capital's value examination focuses on studying past and present price action to predict the probability of DPCM 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 DPCM Capital's price. Additionally, you may evaluate how the addition of DPCM Capital to your portfolios can decrease your overall portfolio volatility.
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DPCM 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.