Dgtl Holdings Stock Market Value
| DGTL Stock | CAD 0.04 0.00 0.00% |
| Symbol | DGTL |
DGTL Holdings Price To Book Ratio
DGTL Holdings '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 DGTL Holdings' 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 DGTL Holdings.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in DGTL Holdings on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding DGTL Holdings or generate 0.0% return on investment in DGTL Holdings over 540 days. DGTL Holdings is related to or competes with Timbercreek Financial, CI Financial, Canso Credit, Laurentian Bank, High Liner, Rogers Communications, and National Bank. DGTL Holdings Inc. incubates digital media and advertising technology companies using artificial intelligence in Canada ... More
DGTL Holdings 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 DGTL Holdings' 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 DGTL Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 78.48 | |||
| Value At Risk | (10.00) |
DGTL Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DGTL Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DGTL Holdings' standard deviation. In reality, there are many statistical measures that can use DGTL Holdings historical prices to predict the future DGTL Holdings' volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (1.71) | |||
| Treynor Ratio | 0.1621 |
DGTL Holdings Backtested Returns
DGTL Holdings secures Sharpe Ratio (or Efficiency) of -0.13, which denotes the company had a -0.13% return per unit of volatility over the last 3 months. DGTL Holdings exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm DGTL Holdings' Market Risk Adjusted Performance of 0.1721, mean deviation of 2.86, and Standard Deviation of 8.55 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -2.61, which means a somewhat significant risk relative to the market. As returns on the market increase, returns on owning DGTL Holdings are expected to decrease by larger amounts. On the other hand, during market turmoil, DGTL Holdings is expected to outperform it. At this point, DGTL Holdings has a negative expected return of -0.68%. Please make sure to confirm DGTL Holdings' skewness, rate of daily change, and the relationship between the value at risk and kurtosis , to decide if DGTL Holdings performance from the past will be repeated in the future.
Auto-correlation | 0.81 |
Very good predictability
DGTL Holdings has very good predictability. Overlapping area represents the amount of predictability between DGTL Holdings time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 DGTL Holdings price movement. The serial correlation of 0.81 indicates that around 81.0% of current DGTL Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
DGTL Holdings lagged returns against current returns
Autocorrelation, which is DGTL Holdings 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 DGTL Holdings' stock expected returns. We can calculate the autocorrelation of DGTL Holdings returns to help us make a trade decision. For example, suppose you find that DGTL Holdings 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 |
DGTL Holdings 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 DGTL Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DGTL Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DGTL Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
DGTL Holdings Lagged Returns
When evaluating DGTL Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DGTL Holdings stock have on its future price. DGTL Holdings 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, DGTL Holdings autocorrelation shows the relationship between DGTL Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in DGTL Holdings.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for DGTL Stock Analysis
When running DGTL Holdings' price analysis, check to measure DGTL Holdings' 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 DGTL Holdings is operating at the current time. Most of DGTL Holdings' value examination focuses on studying past and present price action to predict the probability of DGTL Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DGTL Holdings' price. Additionally, you may evaluate how the addition of DGTL Holdings to your portfolios can decrease your overall portfolio volatility.