Dollar Stock Market Value

DG
 Stock
  

USD 252.38  0.72  0.28%   

Dollar General's market value is the price at which a share of Dollar General stock trades on a public exchange. It measures the collective expectations of Dollar General Corp investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Dollar General Corp and determine expected loss or profit from investing in Dollar General over a given investment horizon. Continue to Dollar General Correlation, Dollar General Volatility and Dollar General Alpha and Beta module to complement your research on Dollar General.
Symbol


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 YOY
0.11
Market Capitalization
58 B
Quarterly Revenue Growth YOY
0.09
Return On Assets
0.0727
Return On Equity
0.38
The market value of Dollar General Corp 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 Dollar General value 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.
0.00
10/30/2022
No Change 0.00  0.0 
In 31 days
11/29/2022
0.00
If you would invest  0.00  in Dollar General on October 30, 2022 and sell it all today you would earn a total of 0.00 from holding Dollar General Corp or generate 0.0% return on investment in Dollar General over 30 days. Dollar General is related to or competes with Aarons Holdings, Alibaba Group, Bed Bath, Best Buy, Caseys General, Dillards, and Fossil. 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 Corp upside and downside potential and time the market with a certain degree of confidence.

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.
Sophisticated investors, who have witnessed many market ups and downs, frequently view 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. Please use the tools below to analyze the current value of Dollar General in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
251.05252.59254.13
Details
Intrinsic
Valuation
LowReal ValueHigh
245.10246.64277.26
Details
Naive
Forecast
LowNext ValueHigh
253.36254.90256.43
Details
19 Analysts
Consensus
LowTarget PriceHigh
166.00243.19272.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Dollar General. Your research has to be compared to or analyzed against Dollar General's peers to derive any actionable benefits. When done correctly, Dollar General's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Dollar General Corp.

Dollar General Corp Backtested Returns

We consider Dollar General very steady. Dollar General Corp secures Sharpe Ratio (or Efficiency) of 0.0759, which denotes the company had 0.0759% of return per unit of risk over the last 3 months. Our standpoint towards predicting the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for Dollar General Corp, which you can use to evaluate the future volatility of the firm. Please confirm Dollar General Corp Mean Deviation of 1.11, downside deviation of 1.42, and Coefficient Of Variation of 2718.04 to check if the risk estimate we provide is consistent with the expected return of 0.12%.
Dollar General has a performance score of 5 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.792, which means possible diversification benefits within a given portfolio. Let's try to break down what Dollar's beta means in this case. As returns on the market increase, Dollar General returns are expected to increase less than the market. However, during the bear market, the loss on holding Dollar General will be expected to be smaller as well. Although it is important to respect Dollar General Corp historical returns, it is better to be realistic regarding the information on the equity's current trending patterns. The philosophy towards predicting future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By reviewing Dollar General Corp technical indicators, you can presently evaluate if the expected return of 0.12% will be sustainable into the future. Dollar General Corp right now shows a risk of 1.54%. Please confirm Dollar General Corp jensen alpha, potential upside, accumulation distribution, as well as the relationship between the treynor ratio and expected short fall to decide if Dollar General Corp will be following its price patterns.

Auto-correlation

    
  -0.19  

Insignificant reverse predictability

Dollar General Corp has insignificant reverse predictability. Overlapping area represents the amount of predictability between Dollar General time series from 30th of October 2022 to 14th of November 2022 and 14th of November 2022 to 29th of November 2022. 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 Corp price movement. The serial correlation of -0.19 indicates that over 19.0% of current Dollar General price fluctuation can be explain by its past prices.
Correlation Coefficient-0.19
Spearman Rank Test0.12
Residual Average0.0
Price Variance9.95

Dollar General Corp 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 stock 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 stock movement to match the lagging time series.
   Current and Lagged Values   
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       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   
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       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 Corp.
   Regressed Prices   
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       Timeline  

Be your own money manager

Our tools can tell you how much better you can do entering a position in Dollar General without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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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 against Dollar General

-0.56BBBYBed Bath Beyond Normal TradingPairCorr
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 Corp to buy it.
The correlation of Dollar General is a statistical measure of how it moves in relation to other equities. 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 Corp 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.
Pair CorrelationCorrelation Matching
Continue to Dollar General Correlation, Dollar General Volatility and Dollar General Alpha and Beta module to complement your research on Dollar General. Note that the Dollar General Corp 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 Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.

Complementary Tools for Dollar Stock analysis

When running Dollar General Corp 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 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.
A focus of Dollar General technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Dollar General trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...