Digital Ally Stock Probability of Future Stock Price Finishing Over 24.37
| DGLY Stock | USD 0.84 0.02 2.44% |
Digital |
Digital Ally Target Price Odds to finish over 24.37
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 move over $ 24.37 or more in 90 days |
| 0.84 | 90 days | 24.37 | close to zero percent |
Based on a normal probability distribution, the odds of Digital Ally to move over $ 24.37 or more in 90 days from now is close to zero percent (This Digital Ally probability density function shows the probability of Digital Stock to fall within a particular range of prices over 90 days) . Probability of Digital Ally price to stay between its current price of $ 0.84 and $ 24.37 at the end of the 90-day period is about 85.69 .
Given the investment horizon of 90 days Digital Ally has a beta of 0.0989 suggesting as returns on the market go up, Digital Ally average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Digital Ally will be expected to be much smaller as well. Additionally Digital Ally 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. Digital Ally Price Density |
| Price |
Predictive Modules for Digital Ally
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 Ally. 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 Ally Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Digital Ally is not an exception. The market had few large corrections towards the Digital Ally'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 Digital Ally, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Digital Ally within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.12 | |
β | Beta against Dow Jones | 0.1 | |
σ | Overall volatility | 0.15 | |
Ir | Information ratio | -0.03 |
Digital Ally 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 Ally for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Digital Ally 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 Ally generated a negative expected return over the last 90 days | |
| Digital Ally has high historical volatility and very poor performance | |
| Digital Ally has some characteristics of a very speculative penny stock | |
| Digital Ally has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 28.25 M. Net Loss for the year was (25.69 M) with profit before overhead, payroll, taxes, and interest of 5.66 M. | |
| Digital Ally currently holds about 13.45 M in cash with (9.89 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.28. | |
| Digital Ally has a frail financial position based on the latest SEC disclosures | |
| Latest headline from gurufocus.com: Digital Ally Advances with Strong Sales and New Innovations |
Digital Ally 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 Ally'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. Digital Ally's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 2.8 M | |
| Cash And Short Term Investments | 680.5 K |
Digital Ally Technical Analysis
Digital Ally's 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 Ally. In general, you should focus on analyzing Digital Stock price patterns and their correlations with different microeconomic environments and drivers.
Digital Ally Predictive Forecast Models
Digital Ally's time-series forecasting models is one of many Digital Ally'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 Digital Ally'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 Digital Ally
Checking the ongoing alerts about Digital Ally for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Digital Ally help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Digital Ally generated a negative expected return over the last 90 days | |
| Digital Ally has high historical volatility and very poor performance | |
| Digital Ally has some characteristics of a very speculative penny stock | |
| Digital Ally has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 28.25 M. Net Loss for the year was (25.69 M) with profit before overhead, payroll, taxes, and interest of 5.66 M. | |
| Digital Ally currently holds about 13.45 M in cash with (9.89 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.28. | |
| Digital Ally has a frail financial position based on the latest SEC disclosures | |
| Latest headline from gurufocus.com: Digital Ally Advances with Strong Sales and New Innovations |
Additional Tools for Digital Stock Analysis
When running Digital Ally's price analysis, check to measure Digital Ally's 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 Ally is operating at the current time. Most of Digital Ally's value examination focuses on studying past and present price action to predict the probability of Digital Ally's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Digital Ally's price. Additionally, you may evaluate how the addition of Digital Ally to your portfolios can decrease your overall portfolio volatility.