Dollar General Stock Market Value
| DG Stock | USD 136.14 1.35 0.98% |
| Symbol | Dollar |
Dollar General Price To Book Ratio
Is Dollar General'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 Dollar General. If investors know Dollar 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 Dollar General 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 (0.39) | Dividend Share 2.36 | Earnings Share 7.56 | Revenue Per Share 176.34 | Quarterly Revenue Growth (0.03) |
The market value of Dollar General is measured differently than its book value, which is the value of Dollar that is recorded on the company's balance sheet. Investors also form their own opinion of Dollar General's value that differs from its market value or its book value, called intrinsic value, which is Dollar General'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 Dollar General's market value can be influenced by many factors that don't directly affect Dollar General'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 Dollar General's value and its price as these two are different measures arrived at by different means. Investors typically determine if Dollar General is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dollar General'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.
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.
| 04/07/2024 |
| 05/07/2024 |
If you would invest 0.00 in Dollar General on April 7, 2024 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 30 days. Dollar General is related to or competes with Calavo Growers, and AMCON Distributing. 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.
| Downside Deviation | 1.68 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 9.91 | |||
| Value At Risk | (2.31) | |||
| Potential Upside | 2.77 |
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 | 0.0143 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0116 |
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
We consider Dollar General very steady. Dollar General secures Sharpe Ratio (or Efficiency) of 0.015, which denotes the company had a 0.015% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Dollar General, which you can use to evaluate the volatility of the firm. Please confirm Dollar General's Downside Deviation of 1.68, mean deviation of 1.26, and Coefficient Of Variation of 7949.07 to check if the risk estimate we provide is consistent with the expected return of 0.0271%. Dollar General has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.04, which means a somewhat significant risk relative to the market. Dollar General returns are very sensitive to returns on the market. As the market goes up or down, Dollar General is expected to follow. Dollar General right now shows a risk of 1.8%. Please confirm Dollar General jensen alpha, potential upside, accumulation distribution, as well as the relationship between the treynor ratio and expected short fall , to decide if Dollar General will be following its price patterns.
Auto-correlation | 0.85 |
Very good predictability
Dollar General has very good predictability. Overlapping area represents the amount of predictability between Dollar General time series from 7th of April 2024 to 22nd of April 2024 and 22nd of April 2024 to 7th 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 Dollar General price movement. The serial correlation of 0.85 indicates that around 85.0% of current Dollar General price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 6.69 |
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 |
Pair Trading with Dollar General
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 Dollar General 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 Dollar General will appreciate offsetting losses from the drop in the long position's value.Moving together with Dollar Stock
| 0.67 | BJ | BJs Wholesale Club Financial Report 28th of May 2024 | PairCorr |
| 0.65 | GO | Grocery Outlet Holding Financial Report 14th of May 2024 | PairCorr |
| 0.7 | KR | Kroger Company Financial Report 20th of June 2024 | PairCorr |
Moving against Dollar Stock
| 0.58 | IH | IhumanInc | PairCorr |
| 0.55 | UG | United Guardian | PairCorr |
The ability to find closely correlated positions to Dollar General could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dollar General 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 Dollar General - 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 Dollar General to buy it.
The correlation of Dollar General 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 Dollar General moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dollar General 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 Dollar General 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 Dollar General Correlation, Dollar General Volatility and Dollar General Alpha and Beta module to complement your research on Dollar General. For more detail on how to invest in Dollar Stock please use our How to Invest in Dollar General guide.Note that the Dollar General information on this page should be used as a complementary analysis to other Dollar General's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Complementary Tools for Dollar Stock analysis
When running Dollar General's price analysis, check to measure Dollar General'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 Dollar General is operating at the current time. Most of Dollar General's value examination focuses on studying past and present price action to predict the probability of Dollar General's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dollar General's price. Additionally, you may evaluate how the addition of Dollar General to your portfolios can decrease your overall portfolio volatility.
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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.