Devolver Digital (UK) Market Value
| DEVO Stock | 23.00 0.00 0.00% |
| Symbol | Devolver |
Devolver Digital '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 Devolver Digital'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 Devolver Digital.
| 04/22/2025 |
| 07/21/2025 |
If you would invest 0.00 in Devolver Digital on April 22, 2025 and sell it all today you would earn a total of 0.00 from holding Devolver Digital or generate 0.0% return on investment in Devolver Digital over 90 days. Devolver Digital is related to or competes with Fiinu PLC, 80 Mile, Hardide PLC, Malvern International, and Quantum Blockchain. Devolver Digital is entity of United Kingdom More
Devolver Digital 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 Devolver Digital'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 Devolver Digital upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0503 | |||
| Maximum Drawdown | 7.14 | |||
| Potential Upside | 2.22 |
Devolver Digital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Devolver Digital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Devolver Digital's standard deviation. In reality, there are many statistical measures that can use Devolver Digital historical prices to predict the future Devolver Digital's volatility.| Risk Adjusted Performance | 0.1612 | |||
| Jensen Alpha | 0.1475 | |||
| Total Risk Alpha | 0.0256 | |||
| Treynor Ratio | 0.5875 |
Devolver Digital Backtested Returns
Devolver Digital appears to be very steady, given 3 months investment horizon. Devolver Digital secures Sharpe Ratio (or Efficiency) of 0.25, which denotes the company had a 0.25 % return per unit of risk over the last 3 months. We have found twenty technical indicators for Devolver Digital, which you can use to evaluate the volatility of the firm. Please utilize Devolver Digital's Standard Deviation of 1.17, mean deviation of 0.4814, and Variance of 1.37 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Devolver Digital holds a performance score of 19. The firm shows a Beta (market volatility) of 0.32, which means possible diversification benefits within a given portfolio. As returns on the market increase, Devolver Digital's returns are expected to increase less than the market. However, during the bear market, the loss of holding Devolver Digital is expected to be smaller as well. Please check Devolver Digital's potential upside, kurtosis, rate of daily change, as well as the relationship between the skewness and accumulation distribution , to make a quick decision on whether Devolver Digital's price patterns will revert.
Auto-correlation | 0.70 |
Good predictability
Devolver Digital has good predictability. Overlapping area represents the amount of predictability between Devolver Digital time series from 22nd of April 2025 to 6th of June 2025 and 6th of June 2025 to 21st of July 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Devolver Digital price movement. The serial correlation of 0.7 indicates that around 70.0% of current Devolver Digital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Devolver Digital lagged returns against current returns
Autocorrelation, which is Devolver Digital 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 Devolver Digital's stock expected returns. We can calculate the autocorrelation of Devolver Digital returns to help us make a trade decision. For example, suppose you find that Devolver Digital 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 |
Devolver Digital 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 Devolver Digital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Devolver Digital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Devolver Digital stock over time.
Current vs Lagged Prices |
| Timeline |
Devolver Digital Lagged Returns
When evaluating Devolver Digital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Devolver Digital stock have on its future price. Devolver Digital 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, Devolver Digital autocorrelation shows the relationship between Devolver Digital stock current value and its past values and can show if there is a momentum factor associated with investing in Devolver Digital.
Regressed Prices |
| Timeline |
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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 Tools for Devolver Stock Analysis
When running Devolver Digital's price analysis, check to measure Devolver Digital'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 Devolver Digital is operating at the current time. Most of Devolver Digital's value examination focuses on studying past and present price action to predict the probability of Devolver Digital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Devolver Digital's price. Additionally, you may evaluate how the addition of Devolver Digital to your portfolios can decrease your overall portfolio volatility.