DTE Energy Stock Market Value

DTE
 Stock
  

USD 116.12  1.06  0.92%   

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


Is DTE Energy'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 DTE Energy. If investors know DTE Energy 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 DTE Energy 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
14.32
Market Capitalization
22.3 B
Quarterly Revenue Growth YOY
0.41
Return On Assets
0.0253
Return On Equity
0.13
The market value of DTE Energy is measured differently than its book value, which is the value of DTE Energy that is recorded on the company's balance sheet. Investors also form their own opinion of DTE Energy's value that differs from its market value or its book value, called intrinsic value, which is DTE Energy'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 DTE Energy's market value can be influenced by many factors that don't directly affect DTE Energy'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 DTE Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine DTE Energy value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DTE Energy'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.

DTE Energy '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 DTE Energy'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 DTE Energy.
0.00
12/09/2021
No Change 0.00  0.0 
In 11 months and 26 days
12/04/2022
0.00
If you would invest  0.00  in DTE Energy on December 9, 2021 and sell it all today you would earn a total of 0.00 from holding DTE Energy or generate 0.0% return on investment in DTE Energy over 360 days. DTE Energy is related to or competes with Centrais Electricas, Enel Chile, Entergy, Evergy, Fortis, Genie Energy, and IDACORP. The companys Electric segment generates, purchases, distributes, and sells electricity to approximately 2.3 million resi... More

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

DTE Energy Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for DTE Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DTE Energy's standard deviation. In reality, there are many statistical measures that can use DTE Energy historical prices to predict the future DTE Energy's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of DTE Energy'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 DTE Energy in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
114.31116.12117.93
Details
Intrinsic
Valuation
LowReal ValueHigh
104.51122.14123.95
Details
11 Analysts
Consensus
LowTarget PriceHigh
111.00126.70139.00
Details
Earnings
Estimates (6)
LowProjected EPSHigh
5.885.905.96
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as DTE Energy. Your research has to be compared to or analyzed against DTE Energy's peers to derive any actionable benefits. When done correctly, DTE Energy'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 DTE Energy.

DTE Energy Backtested Returns

DTE Energy secures Sharpe Ratio (or Efficiency) of -0.0986, which denotes the company had -0.0986% of return per unit of risk over the last 3 months. Macroaxis approach towards predicting the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. DTE Energy exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm DTE Energy coefficient of variation of (1,109), and Mean Deviation of 1.42 to check the risk estimate we provide.
The firm shows a Beta (market volatility) of 0.9079, which means possible diversification benefits within a given portfolio. Let's try to break down what DTE Energy's beta means in this case. DTE Energy returns are very sensitive to returns on the market. As the market goes up or down, DTE Energy is expected to follow. Even though it is essential to pay attention to DTE Energy historical returns, it is always good to be careful when utilizing equity current trending patterns. Our approach towards predicting any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. DTE Energy exposes twenty-one different technical indicators, which can help you to evaluate its performance. DTE Energy has an expected return of -0.18%. Please be advised to confirm DTE Energy jensen alpha, and the relationship between the coefficient of variation and potential upside to decide if DTE Energy performance from the past will be repeated in the future.

Auto-correlation

    
  -0.66  

Very good reverse predictability

DTE Energy has very good reverse predictability. Overlapping area represents the amount of predictability between DTE Energy time series from 9th of December 2021 to 7th of June 2022 and 7th of June 2022 to 4th 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 DTE Energy price movement. The serial correlation of -0.66 indicates that around 66.0% of current DTE Energy price fluctuation can be explain by its past prices.
Correlation Coefficient-0.66
Spearman Rank Test-0.49
Residual Average0.0
Price Variance79.2

DTE Energy lagged returns against current returns

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

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

DTE Energy Lagged Returns

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

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

Moving together with DTE Energy

+0.93VZVerizon Communications TrendingPairCorr
The ability to find closely correlated positions to DTE Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DTE Energy 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 DTE Energy - 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 DTE Energy to buy it.
The correlation of DTE Energy 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 DTE Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DTE Energy 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 DTE Energy 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 DTE Energy Correlation, DTE Energy Volatility and DTE Energy Alpha and Beta module to complement your research on DTE Energy. You can also try Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Complementary Tools for analysis

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