Digi International Stock Probability of Future Stock Price Finishing Under 33.64
| DGII Stock | USD 33.22 0.55 1.68% |
Closest to current price Digi long CALL Option Payoff at Expiration
Digi |
Digi International Target Price Odds to finish below 33.64
The tendency of Digi 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 stay under $ 33.64 after 90 days |
| 33.22 | 90 days | 33.64 | about 98.0 |
Based on a normal probability distribution, the odds of Digi International to stay under $ 33.64 after 90 days from now is about 98.0 (This Digi International probability density function shows the probability of Digi Stock to fall within a particular range of prices over 90 days) . Probability of Digi International price to stay between its current price of $ 33.22 and $ 33.64 at the end of the 90-day period is about 1.18 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.98 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, Digi International will likely underperform. Additionally Digi International has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Digi International Price Density |
| Price |
Predictive Modules for Digi International
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Digi International. 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.Digi International Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Digi International is not an exception. The market had few large corrections towards the Digi International'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 Digi International, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Digi International within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.04 | |
β | Beta against Dow Jones | 1.98 | |
σ | Overall volatility | 2.03 | |
Ir | Information ratio | 0.03 |
Digi International 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 Digi International for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Digi International can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Over 98.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from simplywall.st: Disposition of 125000 shares by Ronald Konezny of Digi International at 11.87 subject to Rule 16b-3 |
Digi International 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 Digi Stock often depends not only on the future outlook of the current and potential Digi International'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. Digi International's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 37 M | |
| Cash And Short Term Investments | 27.5 M |
Digi International Technical Analysis
Digi International's future price can be derived by breaking down and analyzing its technical indicators over time. Digi Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Digi International. In general, you should focus on analyzing Digi Stock price patterns and their correlations with different microeconomic environments and drivers.
Digi International Predictive Forecast Models
Digi International's time-series forecasting models is one of many Digi International'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 Digi International'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 Digi International
Checking the ongoing alerts about Digi International for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Digi International help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Over 98.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from simplywall.st: Disposition of 125000 shares by Ronald Konezny of Digi International at 11.87 subject to Rule 16b-3 |
Check out Digi International Backtesting, Digi International Valuation, Digi International Correlation, Digi International Hype Analysis, Digi International Volatility, Digi International History as well as Digi International Performance. For more detail on how to invest in Digi Stock please use our How to Invest in Digi International guide.You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Is Communications Equipment 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 Digi International. If investors know Digi 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 Digi International 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 0.881 | Earnings Share 0.61 | Revenue Per Share 11.677 | Quarterly Revenue Growth (0.06) | Return On Assets 0.0364 |
The market value of Digi International is measured differently than its book value, which is the value of Digi that is recorded on the company's balance sheet. Investors also form their own opinion of Digi International's value that differs from its market value or its book value, called intrinsic value, which is Digi International'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 Digi International's market value can be influenced by many factors that don't directly affect Digi International'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 Digi International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Digi International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Digi International'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.