Dover Stock Market Value

DOV
 Stock
  

USD 143.49  1.00  0.70%   

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


Is Dover'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 Dover. If investors know Dover 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 Dover 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
20 B
Quarterly Revenue Growth YOY
0.069
Return On Assets
0.0818
Return On Equity
0.3
The market value of Dover is measured differently than its book value, which is the value of Dover that is recorded on the company's balance sheet. Investors also form their own opinion of Dover's value that differs from its market value or its book value, called intrinsic value, which is Dover'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 Dover's market value can be influenced by many factors that don't directly affect Dover'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 Dover's value and its price as these two are different measures arrived at by different means. Investors typically determine Dover value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dover'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.

Dover '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 Dover'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 Dover.
0.00
11/03/2022
No Change 0.00  0.0 
In 30 days
12/03/2022
0.00
If you would invest  0.00  in Dover on November 3, 2022 and sell it all today you would earn a total of 0.00 from holding Dover or generate 0.0% return on investment in Dover over 30 days. Dover is related to or competes with Anheuser-Busch InBev, Etsy, Anheuser Busch, Linde PLC, HP, Pfizer, and B of A. Dover Corporation provides equipment and components, consumable supplies, aftermarket parts, software and digital soluti... More

Dover 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 Dover'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 Dover upside and downside potential and time the market with a certain degree of confidence.

Dover Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Dover's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dover's standard deviation. In reality, there are many statistical measures that can use Dover historical prices to predict the future Dover's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Dover'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 Dover in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
141.06142.95144.84
Details
Intrinsic
Valuation
LowReal ValueHigh
129.14170.95172.84
Details
12 Analysts
Consensus
LowTarget PriceHigh
147.00186.27206.00
Details
Earnings
Estimates (7)
LowProjected EPSHigh
7.487.517.59
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Dover. Your research has to be compared to or analyzed against Dover's peers to derive any actionable benefits. When done correctly, Dover'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 Dover.

Dover Backtested Returns

Dover appears to be very steady, given 3 months investment horizon. Dover secures Sharpe Ratio (or Efficiency) of 0.11, which denotes the company had 0.11% 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 Dover, which you can use to evaluate the future volatility of the firm. Please utilize Dover's Mean Deviation of 1.47, coefficient of variation of 810.81, and Downside Deviation of 1.61 to check if our risk estimates are consistent with your expectations.
On a scale of 0 to 100, Dover holds a performance score of 8. The firm shows a Beta (market volatility) of 1.053, which means a somewhat significant risk relative to the market. Let's try to break down what Dover's beta means in this case. Dover returns are very sensitive to returns on the market. As the market goes up or down, Dover is expected to follow. Although it is important to respect Dover 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 Dover technical indicators, you can presently evaluate if the expected return of 0.2% will be sustainable into the future. Please utilizes Dover potential upside, as well as the relationship between the kurtosis and day typical price to make a quick decision on whether Dover price patterns will revert.

Auto-correlation

    
  0.27  

Poor predictability

Dover has poor predictability. Overlapping area represents the amount of predictability between Dover time series from 3rd of November 2022 to 18th of November 2022 and 18th of November 2022 to 3rd of December 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 Dover price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Dover price fluctuation can be explain by its past prices.
Correlation Coefficient0.27
Spearman Rank Test0.67
Residual Average0.0
Price Variance2.85

Dover lagged returns against current returns

Autocorrelation, which is Dover 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 Dover's stock expected returns. We can calculate the autocorrelation of Dover returns to help us make a trade decision. For example, suppose you find that Dover 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  

Dover 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 Dover stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dover stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dover stock over time.
   Current vs Lagged Prices   
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       Timeline  

Dover Lagged Returns

When evaluating Dover's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dover stock have on its future price. Dover 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, Dover autocorrelation shows the relationship between Dover stock current value and its past values and can show if there is a momentum factor associated with investing in Dover.
   Regressed Prices   
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       Timeline  

Dover Investors Sentiment

The influence of Dover's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Dover. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Dover's public news can be used to forecast risks associated with investment in Dover. The trend in average sentiment can be used to explain how an investor holding Dover can time the market purely based on public headlines and social activities around Dover. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Dover's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Dover's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Dover's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Dover.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Dover in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Dover's short interest history, or implied volatility extrapolated from Dover options trading.

Pair Trading with Dover

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 Dover 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 Dover will appreciate offsetting losses from the drop in the long position's value.

Moving together with Dover

+0.93HIHillenbrand Upward RallyPairCorr
+0.86ABMABM Industries Incor Fiscal Year End 21st of December 2022 PairCorr
The ability to find closely correlated positions to Dover could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dover 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 Dover - 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 Dover to buy it.
The correlation of Dover 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 Dover moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dover 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 Dover 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 Dover Correlation, Dover Volatility and Dover Alpha and Beta module to complement your research on Dover. You can also try Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..

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When running Dover price analysis, check to measure Dover'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 Dover is operating at the current time. Most of Dover's value examination focuses on studying past and present price action to predict the probability of Dover's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Dover's price. Additionally, you may evaluate how the addition of Dover to your portfolios can decrease your overall portfolio volatility.
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Dover 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 Dover technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Dover 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...