Diamond Stock Market Value


CAD 0.60  0.02  3.23%   

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

Please note, there is a significant difference between Diamond Estates' value and its price as these two are different measures arrived at by different means. Investors typically determine Diamond Estates value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Diamond Estates' 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.

Diamond Estates '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 Diamond Estates' 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 Diamond Estates.
No Change 0.00  0.0 
In 1 year 11 months and 22 days
If you would invest  0.00  in Diamond Estates on December 18, 2020 and sell it all today you would earn a total of 0.00 from holding Diamond Estates Wines or generate 0.0% return on investment in Diamond Estates over 720 days. Diamond Estates is related to or competes with East Side, Alphabet Inc, AcuityAds Holdings, Bragg Gaming, RR Real, and Glacier Media. Diamond Estates Wines Spirits Inc. produces, markets, and sells wines in Canada, China, and internationally More

Diamond Estates 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 Diamond Estates' 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 Diamond Estates Wines upside and downside potential and time the market with a certain degree of confidence.

Diamond Estates Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Diamond Estates' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Diamond Estates' standard deviation. In reality, there are many statistical measures that can use Diamond Estates historical prices to predict the future Diamond Estates' volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Diamond Estates' 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 Diamond Estates in the context of predictive analytics.
LowEstimated ValueHigh
LowReal ValueHigh
LowNext ValueHigh
Band Projection (param)
LowerMiddle BandUpper
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Diamond Estates. Your research has to be compared to or analyzed against Diamond Estates' peers to derive any actionable benefits. When done correctly, Diamond Estates' 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 Diamond Estates Wines.

Diamond Estates Wines Backtested Returns

Diamond Estates Wines secures Sharpe Ratio (or Efficiency) of -0.0776, which denotes the company had -0.0776% of return per unit of standard deviation over the last 3 months. Macroaxis philosophy in 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. Diamond Estates Wines exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Diamond Estates Wines mean deviation of 3.01 to check the risk estimate we provide.
The firm shows a Beta (market volatility) of -0.2407, which means not very significant fluctuations relative to the market. Let's try to break down what Diamond's beta means in this case. As returns on the market increase, returns on owning Diamond Estates are expected to decrease at a much lower rate. During the bear market, Diamond Estates is likely to outperform the market. Even though it is essential to pay attention to Diamond Estates Wines historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy in 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. Diamond Estates Wines exposes twenty-one different technical indicators, which can help you to evaluate its performance. Diamond Estates Wines has an expected return of -0.39%. Please be advised to confirm Diamond Estates Wines downside deviation and the relationship between the information ratio and expected short fall to decide if Diamond Estates Wines performance from the past will be repeated at some point in the near future.



Weak predictability

Diamond Estates Wines has weak predictability. Overlapping area represents the amount of predictability between Diamond Estates time series from 18th of December 2020 to 13th of December 2021 and 13th of December 2021 to 8th 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 Diamond Estates Wines price movement. The serial correlation of 0.23 indicates that over 23.0% of current Diamond Estates price fluctuation can be explain by its past prices.
Correlation Coefficient0.23
Spearman Rank Test0.21
Residual Average0.0
Price Variance0.09

Diamond Estates Wines lagged returns against current returns

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

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

Diamond Estates Lagged Returns

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

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 Diamond Estates 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, Diamond Estates' short interest history, or implied volatility extrapolated from Diamond Estates options trading.

Pair Trading with Diamond Estates

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

Moving together with Diamond Estates

+0.8CSW-ACorby Spirit AndPairCorr
+0.89ADW-AAndrew Peller LimitedPairCorr
The ability to find closely correlated positions to Diamond Estates could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Diamond Estates 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 Diamond Estates - 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 Diamond Estates Wines to buy it.
The correlation of Diamond Estates 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 Diamond Estates moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Diamond Estates Wines 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 Diamond Estates 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 Diamond Estates Correlation, Diamond Estates Volatility and Diamond Estates Alpha and Beta module to complement your research on Diamond Estates. You can also try Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.

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