Digimax Global Stock Market Value
| DBKSF Stock | USD 0.01 0.01 49.75% |
| Symbol | DigiMax |
DigiMax Global 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to DigiMax Global's pink sheet what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of DigiMax Global.
| 05/08/2023 |
| 11/28/2024 |
If you would invest 0.00 in DigiMax Global on May 8, 2023 and sell it all today you would earn a total of 0.00 from holding DigiMax Global or generate 0.0% return on investment in DigiMax Global over 570 days. DigiMax Global is related to or competes with OFX Group, Cypherpunk Holdings, CreditRiskMonitor, and Bitcoin Well. DigiMax Global Inc., a technology company, offers advanced financial, predictive, and cryptocurrency solutions across va... More
DigiMax Global Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure DigiMax Global's pink sheet current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess DigiMax Global upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 148.76 |
DigiMax Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DigiMax Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DigiMax Global's standard deviation. In reality, there are many statistical measures that can use DigiMax Global historical prices to predict the future DigiMax Global's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (1.07) | |||
| Total Risk Alpha | (3.48) | |||
| Treynor Ratio | (0.20) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of DigiMax Global's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
DigiMax Global Backtested Returns
DigiMax Global secures Sharpe Ratio (or Efficiency) of -0.0373, which denotes the company had a -0.0373% return per unit of risk over the last 3 months. DigiMax Global exposes twenty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm DigiMax Global's Standard Deviation of 17.87, mean deviation of 4.26, and Variance of 319.33 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 3.38, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, DigiMax Global will likely underperform. At this point, DigiMax Global has a negative expected return of -0.68%. Please make sure to confirm DigiMax Global's information ratio, as well as the relationship between the kurtosis and day typical price , to decide if DigiMax Global performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.21 |
Weak reverse predictability
DigiMax Global has weak reverse predictability. Overlapping area represents the amount of predictability between DigiMax Global time series from 8th of May 2023 to 17th of February 2024 and 17th of February 2024 to 28th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of DigiMax Global price movement. The serial correlation of -0.21 indicates that over 21.0% of current DigiMax Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
DigiMax Global lagged returns against current returns
Autocorrelation, which is DigiMax Global pink sheet's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting DigiMax Global's pink sheet expected returns. We can calculate the autocorrelation of DigiMax Global returns to help us make a trade decision. For example, suppose you find that DigiMax Global has exhibited high autocorrelation historically, and you observe that the pink sheet is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
DigiMax Global regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If DigiMax Global pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DigiMax Global pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DigiMax Global pink sheet over time.
Current vs Lagged Prices |
| Timeline |
DigiMax Global Lagged Returns
When evaluating DigiMax Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DigiMax Global pink sheet have on its future price. DigiMax Global autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, DigiMax Global autocorrelation shows the relationship between DigiMax Global pink sheet current value and its past values and can show if there is a momentum factor associated with investing in DigiMax Global.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in DigiMax Pink Sheet
DigiMax Global financial ratios help investors to determine whether DigiMax Pink Sheet 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 DigiMax with respect to the benefits of owning DigiMax Global security.