Digihost Technology Stock Probability of Future Stock Price Finishing Over 2.12
| DGHI Stock | USD 2.06 0.20 10.75% |
Digihost |
Digihost Technology Target Price Odds to finish over 2.12
The tendency of Digihost 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 move over $ 2.12 or more in 90 days |
| 2.06 | 90 days | 2.12 | near 1 |
Based on a normal probability distribution, the odds of Digihost Technology to move over $ 2.12 or more in 90 days from now is near 1 (This Digihost Technology probability density function shows the probability of Digihost Stock to fall within a particular range of prices over 90 days) . Probability of Digihost Technology price to stay between its current price of $ 2.06 and $ 2.12 at the end of the 90-day period is near 1 .
Given the investment horizon of 90 days the stock has the beta coefficient of 3.09 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Digihost Technology will likely underperform. Additionally Digihost Technology has an alpha of 0.4956, implying that it can generate a 0.5 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Digihost Technology Price Density |
| Price |
Predictive Modules for Digihost Technology
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Digihost Technology. 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.Digihost Technology Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Digihost Technology is not an exception. The market had few large corrections towards the Digihost Technology's 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 Digihost Technology, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Digihost Technology within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.50 | |
β | Beta against Dow Jones | 3.09 | |
σ | Overall volatility | 0.30 | |
Ir | Information ratio | 0.11 |
Digihost Technology 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 Digihost Technology for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Digihost Technology can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Digihost Technology is way too risky over 90 days horizon | |
| Digihost Technology appears to be risky and price may revert if volatility continues | |
| Digihost Technology currently holds about 4.86 M in cash with (3.41 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.17. | |
| Digihost Technology has a poor financial position based on the latest SEC disclosures | |
| Roughly 30.0% of the company shares are held by company insiders | |
| Latest headline from gurufocus.com: Cove Street Capital, LLC Reduces Stake in Research Solutions Inc |
Digihost Technology 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 Digihost Stock often depends not only on the future outlook of the current and potential Digihost Technology's 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. Digihost Technology's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 27.2 M | |
| Cash And Short Term Investments | 1.9 M |
Digihost Technology Technical Analysis
Digihost Technology's future price can be derived by breaking down and analyzing its technical indicators over time. Digihost Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Digihost Technology. In general, you should focus on analyzing Digihost Stock price patterns and their correlations with different microeconomic environments and drivers.
Digihost Technology Predictive Forecast Models
Digihost Technology's time-series forecasting models is one of many Digihost Technology's 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 Digihost Technology's 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 Digihost Technology
Checking the ongoing alerts about Digihost Technology for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Digihost Technology help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Digihost Technology is way too risky over 90 days horizon | |
| Digihost Technology appears to be risky and price may revert if volatility continues | |
| Digihost Technology currently holds about 4.86 M in cash with (3.41 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.17. | |
| Digihost Technology has a poor financial position based on the latest SEC disclosures | |
| Roughly 30.0% of the company shares are held by company insiders | |
| Latest headline from gurufocus.com: Cove Street Capital, LLC Reduces Stake in Research Solutions Inc |
Check out Digihost Technology Backtesting, Digihost Technology Valuation, Digihost Technology Correlation, Digihost Technology Hype Analysis, Digihost Technology Volatility, Digihost Technology History as well as Digihost Technology Performance. For more detail on how to invest in Digihost Stock please use our How to Invest in Digihost Technology guide.You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Is Application Software space 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 Digihost Technology. If investors know Digihost 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 Digihost Technology 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 (0.71) | Earnings Share (0.33) | Revenue Per Share 1.322 | Quarterly Revenue Growth 0.572 | Return On Assets (0.20) |
The market value of Digihost Technology is measured differently than its book value, which is the value of Digihost that is recorded on the company's balance sheet. Investors also form their own opinion of Digihost Technology's value that differs from its market value or its book value, called intrinsic value, which is Digihost Technology'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 Digihost Technology's market value can be influenced by many factors that don't directly affect Digihost Technology'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 Digihost Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Digihost Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Digihost Technology'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.