Digital Turbine (Germany) Probability of Future Stock Price Finishing Over 11.29
| 4MD Stock | EUR 2.62 0.28 9.66% |
Digital |
Digital Turbine Target Price Odds to finish over 11.29
The tendency of Digital Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over € 11.29 or more in 90 days |
| 2.62 | 90 days | 11.29 | near 1 |
Based on a normal probability distribution, the odds of Digital Turbine to move over € 11.29 or more in 90 days from now is near 1 (This Digital Turbine probability density function shows the probability of Digital Stock to fall within a particular range of prices over 90 days) . Probability of Digital Turbine price to stay between its current price of € 2.62 and € 11.29 at the end of the 90-day period is about 57.19 .
Assuming the 90 days horizon the stock has the beta coefficient of 3.68 . This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Digital Turbine will likely underperform. In addition to that Digital Turbine has an alpha of 2.3893, implying that it can generate a 2.39 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Digital Turbine Price Density |
| Price |
Predictive Modules for Digital Turbine
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Digital Turbine. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Digital Turbine Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Digital Turbine is not an exception. The market had few large corrections towards the Digital Turbine's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Digital Turbine, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Digital Turbine within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 2.39 | |
β | Beta against Dow Jones | 3.68 | |
σ | Overall volatility | 1.38 | |
Ir | Information ratio | 0.14 |
Digital Turbine Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Digital Turbine for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Digital Turbine can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Digital Turbine is way too risky over 90 days horizon | |
| Digital Turbine appears to be risky and price may revert if volatility continues | |
| Digital Turbine has accumulated 520.78 M in total debt with debt to equity ratio (D/E) of 19.2, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Digital Turbine has a current ratio of 0.95, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Digital Turbine until it has trouble settling it off, either with new capital or with free cash flow. So, Digital Turbine's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Digital Turbine sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Digital to invest in growth at high rates of return. When we think about Digital Turbine's use of debt, we should always consider it together with cash and equity. | |
| About 71.0% of Digital Turbine shares are owned by institutions such as pension funds |
Digital Turbine Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Digital Stock often depends not only on the future outlook of the current and potential Digital Turbine's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Digital Turbine's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 97.2 M |
Digital Turbine Technical Analysis
Digital Turbine's future price can be derived by breaking down and analyzing its technical indicators over time. Digital Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Digital Turbine. In general, you should focus on analyzing Digital Stock price patterns and their correlations with different microeconomic environments and drivers.
Digital Turbine Predictive Forecast Models
Digital Turbine's time-series forecasting models is one of many Digital Turbine's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Digital Turbine's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Digital Turbine
Checking the ongoing alerts about Digital Turbine for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Digital Turbine help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Digital Turbine is way too risky over 90 days horizon | |
| Digital Turbine appears to be risky and price may revert if volatility continues | |
| Digital Turbine has accumulated 520.78 M in total debt with debt to equity ratio (D/E) of 19.2, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Digital Turbine has a current ratio of 0.95, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Digital Turbine until it has trouble settling it off, either with new capital or with free cash flow. So, Digital Turbine's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Digital Turbine sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Digital to invest in growth at high rates of return. When we think about Digital Turbine's use of debt, we should always consider it together with cash and equity. | |
| About 71.0% of Digital Turbine shares are owned by institutions such as pension funds |
Additional Information and Resources on Investing in Digital Stock
When determining whether Digital Turbine is a strong investment it is important to analyze Digital Turbine's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Digital Turbine's future performance. For an informed investment choice regarding Digital Stock, refer to the following important reports:Check out Digital Turbine Backtesting, Digital Turbine Valuation, Digital Turbine Correlation, Digital Turbine Hype Analysis, Digital Turbine Volatility, Digital Turbine History as well as Digital Turbine Performance. For more detail on how to invest in Digital Stock please use our How to Invest in Digital Turbine guide.You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.