Doximity Stock Market Value
| DOCS Stock | USD 48.20 0.20 0.42% |
| Symbol | Doximity |
Doximity Price To Book Ratio
Is Health Care Technology 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 Doximity. If investors know Doximity 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 Doximity 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 0.467 | Earnings Share 0.87 | Revenue Per Share 2.775 | Quarterly Revenue Growth 0.204 | Return On Assets 0.1183 |
The market value of Doximity is measured differently than its book value, which is the value of Doximity that is recorded on the company's balance sheet. Investors also form their own opinion of Doximity's value that differs from its market value or its book value, called intrinsic value, which is Doximity'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 Doximity's market value can be influenced by many factors that don't directly affect Doximity'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 Doximity's value and its price as these two are different measures arrived at by different means. Investors typically determine if Doximity is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Doximity'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.
Doximity '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 Doximity'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 Doximity.
| 02/29/2024 |
| 11/25/2024 |
If you would invest 0.00 in Doximity on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding Doximity or generate 0.0% return on investment in Doximity over 270 days. Doximity is related to or competes with HealthStream, National Research, Forian, HealthEquity, and Health Catalyst. Doximity, Inc. operates a cloud-based digital platform for medical professionals in the United States More
Doximity 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 Doximity'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 Doximity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.94 | |||
| Information Ratio | 0.0831 | |||
| Maximum Drawdown | 43.1 | |||
| Value At Risk | (3.81) | |||
| Potential Upside | 4.53 |
Doximity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Doximity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Doximity's standard deviation. In reality, there are many statistical measures that can use Doximity historical prices to predict the future Doximity's volatility.| Risk Adjusted Performance | 0.0929 | |||
| Jensen Alpha | 0.383 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | 0.1364 | |||
| Treynor Ratio | 0.4547 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Doximity'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.
Doximity Backtested Returns
Doximity appears to be not too volatile, given 3 months investment horizon. Doximity secures Sharpe Ratio (or Efficiency) of 0.11, which denotes the company had a 0.11% return per unit of risk over the last 3 months. By reviewing Doximity's technical indicators, you can evaluate if the expected return of 0.53% is justified by implied risk. Please utilize Doximity's Mean Deviation of 2.14, coefficient of variation of 907.46, and Downside Deviation of 2.94 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Doximity holds a performance score of 8. The firm shows a Beta (market volatility) of 1.15, which means a somewhat significant risk relative to the market. Doximity returns are very sensitive to returns on the market. As the market goes up or down, Doximity is expected to follow. Please check Doximity's downside variance, as well as the relationship between the accumulation distribution and market facilitation index , to make a quick decision on whether Doximity's price patterns will revert.
Auto-correlation | 0.00 |
No correlation between past and present
Doximity has no correlation between past and present. Overlapping area represents the amount of predictability between Doximity time series from 29th of February 2024 to 13th of July 2024 and 13th of July 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 Doximity price movement. The serial correlation of 0.0 indicates that just 0.0% of current Doximity price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 57.92 |
Doximity lagged returns against current returns
Autocorrelation, which is Doximity 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 Doximity's stock expected returns. We can calculate the autocorrelation of Doximity returns to help us make a trade decision. For example, suppose you find that Doximity 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 |
Doximity 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 Doximity stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Doximity stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Doximity stock over time.
Current vs Lagged Prices |
| Timeline |
Doximity Lagged Returns
When evaluating Doximity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Doximity stock have on its future price. Doximity 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, Doximity autocorrelation shows the relationship between Doximity stock current value and its past values and can show if there is a momentum factor associated with investing in Doximity.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Doximity Stock Analysis
When running Doximity's price analysis, check to measure Doximity'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 Doximity is operating at the current time. Most of Doximity's value examination focuses on studying past and present price action to predict the probability of Doximity's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Doximity's price. Additionally, you may evaluate how the addition of Doximity to your portfolios can decrease your overall portfolio volatility.