Digital Brands Group Stock Market Value
| DBGIW Stock | USD 16.60 0.38 2.24% |
| Symbol | Digital |
Digital Brands Group Price To Book Ratio
Is Apparel, Accessories & Luxury Goods space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Digital Brands. If investors know Digital will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Digital Brands listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Revenue Per Share 11.245 | Quarterly Revenue Growth (0.24) | Return On Assets (0.21) | Return On Equity (3.73) |
The market value of Digital Brands Group is measured differently than its book value, which is the value of Digital that is recorded on the company's balance sheet. Investors also form their own opinion of Digital Brands' value that differs from its market value or its book value, called intrinsic value, which is Digital Brands' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Digital Brands' market value can be influenced by many factors that don't directly affect Digital Brands' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Digital Brands' value and its price as these two are different measures arrived at by different means. Investors typically determine if Digital Brands is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Digital Brands' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Digital Brands '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 Brands' 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 Brands.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Digital Brands on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Digital Brands Group or generate 0.0% return on investment in Digital Brands over 30 days. Digital Brands is related to or competes with Digital Brands, and Data Storage. Digital Brands is entity of United States More
Digital Brands 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 Brands' 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 Brands Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 15.03 | |||
| Information Ratio | 0.1012 | |||
| Maximum Drawdown | 85.33 | |||
| Value At Risk | (24.16) | |||
| Potential Upside | 35.95 |
Digital Brands Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Digital Brands' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Digital Brands' standard deviation. In reality, there are many statistical measures that can use Digital Brands historical prices to predict the future Digital Brands' volatility.| Risk Adjusted Performance | 0.0928 | |||
| Jensen Alpha | 1.89 | |||
| Total Risk Alpha | (1.04) | |||
| Sortino Ratio | 0.12 | |||
| Treynor Ratio | 6.62 |
Digital Brands Group Backtested Returns
Digital Brands is very risky given 3 months investment horizon. Digital Brands Group secures Sharpe Ratio (or Efficiency) of 0.12, which denotes the company had a 0.12% return per unit of risk over the last 3 months. We were able to collect and analyze data for thirty different technical indicators, which can help you to evaluate if expected returns of 2.19% are justified by taking the suggested risk. Use Digital Brands Downside Deviation of 15.03, coefficient of variation of 918.01, and Mean Deviation of 12.03 to evaluate company specific risk that cannot be diversified away. Digital Brands holds a performance score of 9 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 0.29, which means not very significant fluctuations relative to the market. As returns on the market increase, Digital Brands' returns are expected to increase less than the market. However, during the bear market, the loss of holding Digital Brands is expected to be smaller as well. Use Digital Brands jensen alpha, skewness, relative strength index, as well as the relationship between the value at risk and day median price , to analyze future returns on Digital Brands.
Auto-correlation | 0.42 |
Average predictability
Digital Brands Group has average predictability. Overlapping area represents the amount of predictability between Digital Brands time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 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 Brands Group price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Digital Brands price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 3.3 |
Digital Brands Group lagged returns against current returns
Autocorrelation, which is Digital Brands 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 Brands' stock expected returns. We can calculate the autocorrelation of Digital Brands returns to help us make a trade decision. For example, suppose you find that Digital Brands 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 Brands 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 Brands stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Digital Brands stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Digital Brands stock over time.
Current vs Lagged Prices |
| Timeline |
Digital Brands Lagged Returns
When evaluating Digital Brands' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Digital Brands stock have on its future price. Digital Brands 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 Brands autocorrelation shows the relationship between Digital Brands stock current value and its past values and can show if there is a momentum factor associated with investing in Digital Brands Group.
Regressed Prices |
| Timeline |
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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.Additional Tools for Digital Stock Analysis
When running Digital Brands' price analysis, check to measure Digital Brands' 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 Brands is operating at the current time. Most of Digital Brands' value examination focuses on studying past and present price action to predict the probability of Digital Brands' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Digital Brands' price. Additionally, you may evaluate how the addition of Digital Brands to your portfolios can decrease your overall portfolio volatility.