DG Innovate (UK) Market Value
| DGI Stock | 0.08 0 1.20% |
| Symbol | DGI |
DG Innovate '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 DG Innovate's stock 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 DG Innovate.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in DG Innovate on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding DG Innovate PLC or generate 0.0% return on investment in DG Innovate over 510 days. DG Innovate is related to or competes with CVS Health, Bellevue Healthcare, Omega Healthcare, Induction Healthcare, Cardinal Health, and Addtech. DG Innovate is entity of United Kingdom. It is traded as Stock on LSE exchange. More
DG Innovate 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 DG Innovate's stock 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 DG Innovate PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.85 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 32.25 | |||
| Value At Risk | (6.41) | |||
| Potential Upside | 7.59 |
DG Innovate Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DG Innovate's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DG Innovate's standard deviation. In reality, there are many statistical measures that can use DG Innovate historical prices to predict the future DG Innovate's volatility.| Risk Adjusted Performance | 0.0248 | |||
| Jensen Alpha | 0.2443 | |||
| Total Risk Alpha | (0.72) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | (0.09) |
DG Innovate PLC Backtested Returns
At this point, DG Innovate is out of control. DG Innovate PLC retains Efficiency (Sharpe Ratio) of 0.0283, which denotes the company had a 0.0283% return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for DG Innovate, which you can use to evaluate the volatility of the firm. Please confirm DG Innovate's Market Risk Adjusted Performance of (0.08), standard deviation of 5.28, and Downside Deviation of 5.85 to check if the risk estimate we provide is consistent with the expected return of 0.15%. DG Innovate has a performance score of 2 on a scale of 0 to 100. The firm owns a Beta (Systematic Risk) of -1.2, which means a somewhat significant risk relative to the market. As returns on the market increase, returns on owning DG Innovate are expected to decrease by larger amounts. On the other hand, during market turmoil, DG Innovate is expected to outperform it. DG Innovate PLC today owns a risk of 5.3%. Please confirm DG Innovate PLC mean deviation, standard deviation, treynor ratio, as well as the relationship between the downside deviation and total risk alpha , to decide if DG Innovate PLC will be following its current price history.
Auto-correlation | -0.53 |
Good reverse predictability
DG Innovate PLC has good reverse predictability. Overlapping area represents the amount of predictability between DG Innovate time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 DG Innovate PLC price movement. The serial correlation of -0.53 indicates that about 53.0% of current DG Innovate price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.53 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
DG Innovate PLC lagged returns against current returns
Autocorrelation, which is DG Innovate stock'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 DG Innovate's stock expected returns. We can calculate the autocorrelation of DG Innovate returns to help us make a trade decision. For example, suppose you find that DG Innovate has exhibited high autocorrelation historically, and you observe that the stock 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 |
DG Innovate 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 DG Innovate stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DG Innovate stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DG Innovate stock over time.
Current vs Lagged Prices |
| Timeline |
DG Innovate Lagged Returns
When evaluating DG Innovate's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DG Innovate stock have on its future price. DG Innovate 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, DG Innovate autocorrelation shows the relationship between DG Innovate stock current value and its past values and can show if there is a momentum factor associated with investing in DG Innovate PLC.
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.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.