Digital Ally Stock Alpha and Beta Analysis
| DGLY Stock | USD 0.84 0.02 2.44% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Digital Ally. It also helps investors analyze the systematic and unsystematic risks associated with investing in Digital Ally over a specified time horizon. Remember, high Digital Ally's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Digital Ally's market risk premium analysis include:
Beta (0.05) | Alpha (0.20) | Risk 7.83 | Sharpe Ratio (0.03) | Expected Return (0.25) |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
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Digital Ally Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Digital Ally market risk premium is the additional return an investor will receive from holding Digital Ally long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Digital Ally. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Digital Ally's performance over market.| α | -0.2 | β | -0.05 |
Digital Ally expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Digital Ally's Buy-and-hold return. Our buy-and-hold chart shows how Digital Ally performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Digital Ally Market Price Analysis
Market price analysis indicators help investors to evaluate how Digital Ally stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Digital Ally shares will generate the highest return on investment. By understating and applying Digital Ally stock market price indicators, traders can identify Digital Ally position entry and exit signals to maximize returns.
Digital Ally Return and Market Media
The median price of Digital Ally for the period between Wed, Aug 28, 2024 and Tue, Nov 26, 2024 is 1.04 with a coefficient of variation of 14.55. The daily time series for the period is distributed with a sample standard deviation of 0.15, arithmetic mean of 1.0, and mean deviation of 0.1. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Clover Leaf Capital Corp. Announces Postponement of Special Meeting of Stockholders Date to September 17, 2024 | 09/04/2024 |
2 | Why Axon Enterprise is a Top Stock for the Long-Term | 09/17/2024 |
3 | Former Google exec swears by this 3-step practice to build your reputation I continue to do it every single day | 10/09/2024 |
4 | Digital Ally, Inc. Faces Default Notice and Potential Collateral Sale | 10/29/2024 |
5 | Digital Ally avoids collateral sale but isnt out of the woods yet - The Business Journals | 11/07/2024 |
6 | Digital Ally Advances with Strong Sales and New Innovations | 11/19/2024 |
About Digital Ally Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Digital or other stocks. Alpha measures the amount that position in Digital Ally has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2023 | 2024 (projected) | Dividend Yield | 1.21 | 1.07 | Price To Sales Ratio | 0.21 | 0.2 |
Digital Ally Upcoming Company Events
As portrayed in its financial statements, the presentation of Digital Ally's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Digital Ally's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Digital Ally's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Digital Ally. Please utilize our Beneish M Score to check the likelihood of Digital Ally's management manipulating its earnings.
| 29th of March 2024 Upcoming Quarterly Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View |
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Additional Tools for Digital Stock Analysis
When running Digital Ally's price analysis, check to measure Digital Ally'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 Digital Ally is operating at the current time. Most of Digital Ally's value examination focuses on studying past and present price action to predict the probability of Digital Ally's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Digital Ally's price. Additionally, you may evaluate how the addition of Digital Ally to your portfolios can decrease your overall portfolio volatility.