Digital Brands Group Stock Probability of Future Stock Price Finishing Under 10.99
| DBGIW Stock | USD 12.21 2.84 18.87% |
Digital |
Digital Brands Target Price Odds to finish below 10.99
The tendency of Digital Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to $ 10.99 or more in 90 days |
| 12.21 | 90 days | 10.99 | about 29.98 |
Based on a normal probability distribution, the odds of Digital Brands to drop to $ 10.99 or more in 90 days from now is about 29.98 (This Digital Brands Group probability density function shows the probability of Digital Stock to fall within a particular range of prices over 90 days) . Probability of Digital Brands Group price to stay between $ 10.99 and its current price of $12.21 at the end of the 90-day period is about 13.99 .
Assuming the 90 days horizon Digital Brands Group has a beta of -1.64 suggesting as returns on its benchmark rise, returns on holding Digital Brands Group are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Digital Brands is expected to outperform its benchmark. Moreover Digital Brands Group has an alpha of 1.5808, implying that it can generate a 1.58 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Digital Brands Price Density |
| Price |
Predictive Modules for Digital Brands
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Digital Brands Group. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Digital Brands Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Digital Brands is not an exception. The market had few large corrections towards the Digital Brands' value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Digital Brands Group, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Digital Brands within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 1.58 | |
β | Beta against Dow Jones | -1.64 | |
σ | Overall volatility | 3.27 | |
Ir | Information ratio | 0.07 |
Digital Brands Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Digital Brands for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Digital Brands Group can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Digital Brands Group is way too risky over 90 days horizon | |
| Digital Brands Group appears to be risky and price may revert if volatility continues | |
| Digital Brands Group has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 14.92 M. Net Loss for the year was (10.25 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Digital Brands generates negative cash flow from operations | |
| Digital Brands Group has a frail financial position based on the latest SEC disclosures | |
| Latest headline from news.google.com: Digital Brands Group Announces Public Offering Pricing - MSN |
Digital Brands Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Digital Stock often depends not only on the future outlook of the current and potential Digital Brands' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Digital Brands' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 424.4 K | |
| Cash And Short Term Investments | 20.8 K |
Digital Brands Technical Analysis
Digital Brands' future price can be derived by breaking down and analyzing its technical indicators over time. Digital Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Digital Brands Group. In general, you should focus on analyzing Digital Stock price patterns and their correlations with different microeconomic environments and drivers.
Digital Brands Predictive Forecast Models
Digital Brands' time-series forecasting models is one of many Digital Brands' stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Digital Brands' historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Digital Brands Group
Checking the ongoing alerts about Digital Brands for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Digital Brands Group help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Digital Brands Group is way too risky over 90 days horizon | |
| Digital Brands Group appears to be risky and price may revert if volatility continues | |
| Digital Brands Group has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 14.92 M. Net Loss for the year was (10.25 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Digital Brands generates negative cash flow from operations | |
| Digital Brands Group has a frail financial position based on the latest SEC disclosures | |
| Latest headline from news.google.com: Digital Brands Group Announces Public Offering Pricing - MSN |
Additional Tools for Digital Stock Analysis
When running Digital Brands' price analysis, check to measure Digital Brands' 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 Digital Brands is operating at the current time. Most of Digital Brands' value examination focuses on studying past and present price action to predict the probability of Digital Brands' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Digital Brands' price. Additionally, you may evaluate how the addition of Digital Brands to your portfolios can decrease your overall portfolio volatility.