Digihost Technology Stock Market Value
| DGHI Stock | USD 1.72 0.03 1.71% |
| Symbol | Digihost |
Digihost Technology Price To Book Ratio
Is Application Software 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 Digihost Technology. If investors know Digihost 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 Digihost Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.71) | Earnings Share (0.33) | Revenue Per Share 1.322 | Quarterly Revenue Growth 0.572 | Return On Assets (0.20) |
The market value of Digihost Technology is measured differently than its book value, which is the value of Digihost that is recorded on the company's balance sheet. Investors also form their own opinion of Digihost Technology's value that differs from its market value or its book value, called intrinsic value, which is Digihost Technology's 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 Digihost Technology's market value can be influenced by many factors that don't directly affect Digihost Technology's 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 Digihost Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Digihost Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Digihost Technology's 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.
Digihost Technology '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 Digihost Technology'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 Digihost Technology.
| 07/20/2023 |
| 12/11/2024 |
If you would invest 0.00 in Digihost Technology on July 20, 2023 and sell it all today you would earn a total of 0.00 from holding Digihost Technology or generate 0.0% return on investment in Digihost Technology over 510 days. Digihost Technology is related to or competes with Meridianlink, Enfusion, PDF Solutions, EPlus, Progress Software, Sapiens International, and Paylocity Holdng. Digihost Technology Inc. operates as a blockchain technology company that focuses on digital currency mining in the Unit... More
Digihost Technology 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 Digihost Technology'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 Digihost Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.59 | |||
| Information Ratio | 0.0952 | |||
| Maximum Drawdown | 31.63 | |||
| Value At Risk | (8.81) | |||
| Potential Upside | 12.07 |
Digihost Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Digihost Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Digihost Technology's standard deviation. In reality, there are many statistical measures that can use Digihost Technology historical prices to predict the future Digihost Technology's volatility.| Risk Adjusted Performance | 0.091 | |||
| Jensen Alpha | 0.4427 | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | 0.115 | |||
| Treynor Ratio | 0.2757 |
Digihost Technology Backtested Returns
Digihost Technology appears to be dangerous, given 3 months investment horizon. Digihost Technology 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. By reviewing Digihost Technology's technical indicators, you can evaluate if the expected return of 0.8% is justified by implied risk. Please utilize Digihost Technology's Downside Deviation of 5.59, mean deviation of 5.42, and Coefficient Of Variation of 880.32 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Digihost Technology holds a performance score of 9. The firm shows a Beta (market volatility) of 2.75, 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, Digihost Technology will likely underperform. Please check Digihost Technology's coefficient of variation, maximum drawdown, skewness, as well as the relationship between the total risk alpha and downside variance , to make a quick decision on whether Digihost Technology's price patterns will revert.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Digihost Technology has insignificant reverse predictability. Overlapping area represents the amount of predictability between Digihost Technology time series from 20th of July 2023 to 31st of March 2024 and 31st of March 2024 to 11th 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 Digihost Technology price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Digihost Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Digihost Technology lagged returns against current returns
Autocorrelation, which is Digihost Technology 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 Digihost Technology's stock expected returns. We can calculate the autocorrelation of Digihost Technology returns to help us make a trade decision. For example, suppose you find that Digihost Technology 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 |
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Digihost Technology 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 Digihost Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Digihost Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Digihost Technology stock over time.
Current vs Lagged Prices |
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Digihost Technology Lagged Returns
When evaluating Digihost Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Digihost Technology stock have on its future price. Digihost Technology 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, Digihost Technology autocorrelation shows the relationship between Digihost Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Digihost Technology.
Regressed Prices |
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Currently Active Assets on Macroaxis
When determining whether Digihost Technology offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Digihost Technology's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Digihost Technology Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Digihost Technology Stock:Check out Digihost Technology Correlation, Digihost Technology Volatility and Digihost Technology Alpha and Beta module to complement your research on Digihost Technology. For more detail on how to invest in Digihost Stock please use our How to Invest in Digihost Technology guide.You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Digihost Technology 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.