Digi International Stock Market Value
| DGII Stock | USD 33.64 0.69 2.09% |
| Symbol | Digi |
Digi International Price To Book Ratio
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.
Digi International '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 Digi International'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 Digi International.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Digi International on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Digi International or generate 0.0% return on investment in Digi International over 30 days. Digi International is related to or competes with Ichor Holdings, Fabrinet, Hello, and Ultra Clean. Digi International Inc. provides business and mission-critical Internet of Things products, services, and solutions in t... More
Digi International 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 Digi International'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 Digi International upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.85 | |||
| Information Ratio | 0.052 | |||
| Maximum Drawdown | 11.66 | |||
| Value At Risk | (3.10) | |||
| Potential Upside | 3.55 |
Digi International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Digi International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Digi International's standard deviation. In reality, there are many statistical measures that can use Digi International historical prices to predict the future Digi International's volatility.| Risk Adjusted Performance | 0.0918 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.0621 | |||
| Treynor Ratio | 0.1159 |
Digi International Backtested Returns
Digi International appears to be very steady, given 3 months investment horizon. Digi International secures Sharpe Ratio (or Efficiency) of 0.0981, which denotes the company had a 0.0981% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Digi International, which you can use to evaluate the volatility of the firm. Please utilize Digi International's Downside Deviation of 1.85, mean deviation of 1.57, and Coefficient Of Variation of 899.89 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Digi International holds a performance score of 7. The firm shows a Beta (market volatility) of 2.04, 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, Digi International will likely underperform. Please check Digi International's downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to make a quick decision on whether Digi International's price patterns will revert.
Auto-correlation | 0.59 |
Modest predictability
Digi International has modest predictability. Overlapping area represents the amount of predictability between Digi International time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Digi International price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Digi International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.73 |
Digi International lagged returns against current returns
Autocorrelation, which is Digi International 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 Digi International's stock expected returns. We can calculate the autocorrelation of Digi International returns to help us make a trade decision. For example, suppose you find that Digi International 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 |
Digi International 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 Digi International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Digi International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Digi International stock over time.
Current vs Lagged Prices |
| Timeline |
Digi International Lagged Returns
When evaluating Digi International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Digi International stock have on its future price. Digi International 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, Digi International autocorrelation shows the relationship between Digi International stock current value and its past values and can show if there is a momentum factor associated with investing in Digi International.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Digi International offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Digi International's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Digi International Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Digi International Stock:Check out Digi International Correlation, Digi International Volatility and Digi International Alpha and Beta module to complement your research on Digi International. 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 Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Digi International technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.