DG Innovate (UK) Probability of Future Stock Price Finishing Over 0.0825
| DGI Stock | 0.08 0 5.77% |
DGI |
DG Innovate Target Price Odds to finish over 0.0825
The tendency of DGI 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 above the current price in 90 days |
| 0.08 | 90 days | 0.08 | about 26.28 |
Based on a normal probability distribution, the odds of DG Innovate to move above the current price in 90 days from now is about 26.28 (This DG Innovate PLC probability density function shows the probability of DGI Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon DG Innovate PLC has a beta of -1.23 suggesting as returns on its benchmark rise, returns on holding DG Innovate PLC are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, DG Innovate is expected to outperform its benchmark. Additionally DG Innovate PLC has an alpha of 0.223, implying that it can generate a 0.22 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). DG Innovate Price Density |
| Price |
Predictive Modules for DG Innovate
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as DG Innovate PLC. 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.DG Innovate Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. DG Innovate is not an exception. The market had few large corrections towards the DG Innovate'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 DG Innovate PLC, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of DG Innovate within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.22 | |
β | Beta against Dow Jones | -1.23 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | -0.0088 |
DG Innovate 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 DG Innovate for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for DG Innovate PLC can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| DG Innovate PLC had very high historical volatility over the last 90 days | |
| DG Innovate PLC has some characteristics of a very speculative penny stock | |
| DG Innovate PLC has a very high chance of going through financial distress in the upcoming years | |
| The company reported the revenue of 30.24 K. Net Loss for the year was (3.78 M) with loss before overhead, payroll, taxes, and interest of (1.88 K). | |
| DG Innovate generates negative cash flow from operations | |
| About 51.0% of the company shares are held by company insiders |
DG Innovate 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 DGI Stock often depends not only on the future outlook of the current and potential DG Innovate'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. DG Innovate's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 9.6 B | |
| Cash And Short Term Investments | 1.9 M |
DG Innovate Technical Analysis
DG Innovate's future price can be derived by breaking down and analyzing its technical indicators over time. DGI Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of DG Innovate PLC. In general, you should focus on analyzing DGI Stock price patterns and their correlations with different microeconomic environments and drivers.
DG Innovate Predictive Forecast Models
DG Innovate's time-series forecasting models is one of many DG Innovate'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 DG Innovate'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 DG Innovate PLC
Checking the ongoing alerts about DG Innovate for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for DG Innovate PLC help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| DG Innovate PLC had very high historical volatility over the last 90 days | |
| DG Innovate PLC has some characteristics of a very speculative penny stock | |
| DG Innovate PLC has a very high chance of going through financial distress in the upcoming years | |
| The company reported the revenue of 30.24 K. Net Loss for the year was (3.78 M) with loss before overhead, payroll, taxes, and interest of (1.88 K). | |
| DG Innovate generates negative cash flow from operations | |
| About 51.0% of the company shares are held by company insiders |
Other Information on Investing in DGI Stock
DG Innovate financial ratios help investors to determine whether DGI Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in DGI with respect to the benefits of owning DG Innovate security.