Digital China Holdings Stock Market Value
| DCHIY Stock | USD 1.71 0.17 11.04% |
| Symbol | Digital |
Digital China '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 Digital China'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 Digital China.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Digital China on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Digital China Holdings or generate 0.0% return on investment in Digital China over 30 days. Digital China is related to or competes with Kyndryl Holdings, Accenture Plc, BigBearai Holdings, and Xerox Corp. Digital China Holdings Limited, an investment holding company, provides big data products and solutions for government a... More
Digital China 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 Digital China'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 Digital China Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 27.02 | |||
| Value At Risk | (0.50) | |||
| Potential Upside | 0.5025 |
Digital China Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Digital China's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Digital China's standard deviation. In reality, there are many statistical measures that can use Digital China historical prices to predict the future Digital China's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.63) | |||
| Treynor Ratio | (0.51) |
Digital China Holdings Backtested Returns
Digital China Holdings secures Sharpe Ratio (or Efficiency) of -0.0722, which denotes the company had a -0.0722% return per unit of risk over the last 3 months. Digital China Holdings exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Digital China's Standard Deviation of 3.28, variance of 10.74, and Mean Deviation of 0.9171 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.4, which means possible diversification benefits within a given portfolio. As returns on the market increase, Digital China's returns are expected to increase less than the market. However, during the bear market, the loss of holding Digital China is expected to be smaller as well. At this point, Digital China Holdings has a negative expected return of -0.24%. Please make sure to confirm Digital China's mean deviation, treynor ratio, as well as the relationship between the Treynor Ratio and rate of daily change , to decide if Digital China Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Digital China Holdings has no correlation between past and present. Overlapping area represents the amount of predictability between Digital China time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Digital China Holdings price movement. The serial correlation of 0.0 indicates that just 0.0% of current Digital China price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Digital China Holdings lagged returns against current returns
Autocorrelation, which is Digital China 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 Digital China's pink sheet expected returns. We can calculate the autocorrelation of Digital China returns to help us make a trade decision. For example, suppose you find that Digital China 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 |
Digital China 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 Digital China pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Digital China pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Digital China pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Digital China Lagged Returns
When evaluating Digital China's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Digital China pink sheet have on its future price. Digital China 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, Digital China autocorrelation shows the relationship between Digital China pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Digital China Holdings.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Digital Pink Sheet Analysis
When running Digital China's price analysis, check to measure Digital China'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 China is operating at the current time. Most of Digital China's value examination focuses on studying past and present price action to predict the probability of Digital China'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 China's price. Additionally, you may evaluate how the addition of Digital China to your portfolios can decrease your overall portfolio volatility.