Digital Turbine (Germany) Market Value
| 4MD Stock | EUR 2.62 0.08 3.15% |
| Symbol | Digital |
Digital Turbine '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 Turbine'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 Digital Turbine.
| 12/13/2024 |
| 03/13/2025 |
If you would invest 0.00 in Digital Turbine on December 13, 2024 and sell it all today you would earn a total of 0.00 from holding Digital Turbine or generate 0.0% return on investment in Digital Turbine over 90 days. Digital Turbine is related to or competes with Media, AFRICAN MEDIA, GigaMedia, and 24SEVENOFFICE GROUP. Digital Turbine, Inc., through its subsidiaries, provides media and mobile communication products and solutions for mobi... More
Digital Turbine 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 Turbine'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 Digital Turbine upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.59 | |||
| Information Ratio | 0.1264 | |||
| Maximum Drawdown | 110.44 | |||
| Value At Risk | (14.25) | |||
| Potential Upside | 13.53 |
Digital Turbine Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Digital Turbine's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Digital Turbine's standard deviation. In reality, there are many statistical measures that can use Digital Turbine historical prices to predict the future Digital Turbine's volatility.| Risk Adjusted Performance | 0.1074 | |||
| Jensen Alpha | 1.83 | |||
| Total Risk Alpha | 3.66 | |||
| Sortino Ratio | 0.2261 | |||
| Treynor Ratio | 0.8396 |
Digital Turbine Backtested Returns
Digital Turbine is extremely dangerous given 3 months investment horizon. Digital Turbine secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the company had a 0.13 % return per unit of risk over the last 3 months. We were able to interpolate twenty-seven different technical indicators, which can help you to evaluate if expected returns of 1.88% are justified by taking the suggested risk. Use Digital Turbine Mean Deviation of 6.84, coefficient of variation of 848.98, and Downside Deviation of 7.59 to evaluate company specific risk that cannot be diversified away. Digital Turbine holds a performance score of 10 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 1.89, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Digital Turbine will likely underperform. Use Digital Turbine semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to analyze future returns on Digital Turbine.
Auto-correlation | 0.37 |
Below average predictability
Digital Turbine has below average predictability. Overlapping area represents the amount of predictability between Digital Turbine time series from 13th of December 2024 to 27th of January 2025 and 27th of January 2025 to 13th of March 2025. 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 Turbine price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Digital Turbine price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 1.74 |
Digital Turbine lagged returns against current returns
Autocorrelation, which is Digital Turbine 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 Digital Turbine's stock expected returns. We can calculate the autocorrelation of Digital Turbine returns to help us make a trade decision. For example, suppose you find that Digital Turbine 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 |
Digital Turbine 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 Turbine stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Digital Turbine stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Digital Turbine stock over time.
Current vs Lagged Prices |
| Timeline |
Digital Turbine Lagged Returns
When evaluating Digital Turbine's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Digital Turbine stock have on its future price. Digital Turbine 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 Turbine autocorrelation shows the relationship between Digital Turbine stock current value and its past values and can show if there is a momentum factor associated with investing in Digital Turbine.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
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 Correlation, Digital Turbine Volatility and Digital Turbine Alpha and Beta module to complement your research on Digital Turbine. 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 Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Digital Turbine technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.