Digilife Technologies (Germany) Market Value
| MZZ1 Stock | EUR 0.77 0.08 9.41% |
| Symbol | Digilife |
Digilife Technologies '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 Digilife Technologies' 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 Digilife Technologies.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Digilife Technologies on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Digilife Technologies Limited or generate 0.0% return on investment in Digilife Technologies over 30 days. Digilife Technologies is related to or competes with T Mobile, ATT, Deutsche Telekom, and Nippon Telegraph. Digilife Technologies Limited provides telecommunication services in Southeast Asia and internationally More
Digilife Technologies 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 Digilife Technologies' 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 Digilife Technologies Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 21.1 | |||
| Value At Risk | (7.53) | |||
| Potential Upside | 7.89 |
Digilife Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Digilife Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Digilife Technologies' standard deviation. In reality, there are many statistical measures that can use Digilife Technologies historical prices to predict the future Digilife Technologies' volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.36) | |||
| Total Risk Alpha | (1.13) | |||
| Treynor Ratio | 0.8628 |
Digilife Technologies Backtested Returns
Digilife Technologies secures Sharpe Ratio (or Efficiency) of -0.0993, which denotes the company had a -0.0993% return per unit of risk over the last 3 months. Digilife Technologies Limited exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Digilife Technologies' Mean Deviation of 3.36, standard deviation of 4.47, and Variance of 20.01 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.49, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Digilife Technologies are expected to decrease at a much lower rate. During the bear market, Digilife Technologies is likely to outperform the market. At this point, Digilife Technologies has a negative expected return of -0.44%. Please make sure to confirm Digilife Technologies' jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if Digilife Technologies performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.38 |
Below average predictability
Digilife Technologies Limited has below average predictability. Overlapping area represents the amount of predictability between Digilife Technologies time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Digilife Technologies price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Digilife Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | -0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Digilife Technologies lagged returns against current returns
Autocorrelation, which is Digilife Technologies 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 Digilife Technologies' stock expected returns. We can calculate the autocorrelation of Digilife Technologies returns to help us make a trade decision. For example, suppose you find that Digilife Technologies 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 |
Digilife Technologies 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 Digilife Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Digilife Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Digilife Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Digilife Technologies Lagged Returns
When evaluating Digilife Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Digilife Technologies stock have on its future price. Digilife Technologies 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, Digilife Technologies autocorrelation shows the relationship between Digilife Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Digilife Technologies Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Digilife Stock
Digilife Technologies financial ratios help investors to determine whether Digilife 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 Digilife with respect to the benefits of owning Digilife Technologies security.