DIGITAL RLTY TR Market Value
| 25389JAT3 | 96.42 2.57 2.60% |
| Symbol | DIGITAL |
DIGITAL '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 DIGITAL's bond 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 DIGITAL.
| 03/05/2024 |
| 11/30/2024 |
If you would invest 0.00 in DIGITAL on March 5, 2024 and sell it all today you would earn a total of 0.00 from holding DIGITAL RLTY TR or generate 0.0% return on investment in DIGITAL over 270 days. DIGITAL is related to or competes with 00108WAF7, 90331HPL1, American Express, Chevron Corp, Cisco Systems, Verizon Communications, and Merck. More
DIGITAL 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 DIGITAL's bond 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 DIGITAL RLTY TR upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 6.73 | |||
| Value At Risk | (1.25) | |||
| Potential Upside | 1.04 |
DIGITAL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DIGITAL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DIGITAL's standard deviation. In reality, there are many statistical measures that can use DIGITAL historical prices to predict the future DIGITAL's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | 0.2925 |
DIGITAL RLTY TR Backtested Returns
DIGITAL RLTY TR secures Sharpe Ratio (or Efficiency) of -0.11, which denotes the bond had a -0.11% return per unit of return volatility over the last 3 months. DIGITAL RLTY TR exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm DIGITAL's mean deviation of 0.448, and Standard Deviation of 1.01 to check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.18, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning DIGITAL are expected to decrease at a much lower rate. During the bear market, DIGITAL is likely to outperform the market.
Auto-correlation | -0.61 |
Very good reverse predictability
DIGITAL RLTY TR has very good reverse predictability. Overlapping area represents the amount of predictability between DIGITAL time series from 5th of March 2024 to 18th of July 2024 and 18th of July 2024 to 30th 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 DIGITAL RLTY TR price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current DIGITAL price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 1.06 |
DIGITAL RLTY TR lagged returns against current returns
Autocorrelation, which is DIGITAL bond'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 DIGITAL's bond expected returns. We can calculate the autocorrelation of DIGITAL returns to help us make a trade decision. For example, suppose you find that DIGITAL has exhibited high autocorrelation historically, and you observe that the bond 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 |
DIGITAL 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 DIGITAL bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DIGITAL bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DIGITAL bond over time.
Current vs Lagged Prices |
| Timeline |
DIGITAL Lagged Returns
When evaluating DIGITAL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DIGITAL bond have on its future price. DIGITAL 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, DIGITAL autocorrelation shows the relationship between DIGITAL bond current value and its past values and can show if there is a momentum factor associated with investing in DIGITAL RLTY TR.
Regressed Prices |
| Timeline |
Also Currently Popular
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 DIGITAL Bond
DIGITAL financial ratios help investors to determine whether DIGITAL Bond 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 DIGITAL with respect to the benefits of owning DIGITAL security.