Digital Ally Stock Market Value
| DGLY Stock | USD 0.77 0.01 1.28% |
| Symbol | Digital |
Digital Ally Price To Book Ratio
Is Electronic Equipment, Instruments & Components 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 Ally. 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 Ally 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 6.858 | Earnings Share (7.10) | Revenue Per Share 8.228 | Quarterly Revenue Growth (0.32) | Return On Assets (0.24) |
The market value of Digital Ally 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 Ally's value that differs from its market value or its book value, called intrinsic value, which is Digital Ally'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 Digital Ally's market value can be influenced by many factors that don't directly affect Digital Ally'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 Digital Ally's value and its price as these two are different measures arrived at by different means. Investors typically determine if Digital Ally is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Digital Ally'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.
Digital Ally '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 Ally'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 Ally.
| 12/15/2022 |
| 12/04/2024 |
If you would invest 0.00 in Digital Ally on December 15, 2022 and sell it all today you would earn a total of 0.00 from holding Digital Ally or generate 0.0% return on investment in Digital Ally over 720 days. Digital Ally is related to or competes with Zedge, 36Kr Holdings, MediaAlpha, Vivid Seats, Cheetah Mobile, Autohome, and Comscore. Digital Ally, Inc. produces and sells digital video imaging, storage, and disinfectant and related safety products for u... More
Digital Ally 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 Ally'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 Ally upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 48.34 | |||
| Value At Risk | (13.83) | |||
| Potential Upside | 12.87 |
Digital Ally Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Digital Ally's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Digital Ally's standard deviation. In reality, there are many statistical measures that can use Digital Ally historical prices to predict the future Digital Ally's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.30) | |||
| Total Risk Alpha | (1.31) | |||
| Treynor Ratio | (1.26) |
Digital Ally Backtested Returns
Digital Ally secures Sharpe Ratio (or Efficiency) of -0.034, which denotes the company had a -0.034% return per unit of risk over the last 3 months. Digital Ally exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Digital Ally's Mean Deviation of 4.4, variance of 58.1, and Standard Deviation of 7.62 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.22, which means not very significant fluctuations relative to the market. As returns on the market increase, Digital Ally's returns are expected to increase less than the market. However, during the bear market, the loss of holding Digital Ally is expected to be smaller as well. At this point, Digital Ally has a negative expected return of -0.26%. Please make sure to confirm Digital Ally's maximum drawdown, as well as the relationship between the daily balance of power and period momentum indicator , to decide if Digital Ally performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.59 |
Modest predictability
Digital Ally has modest predictability. Overlapping area represents the amount of predictability between Digital Ally time series from 15th of December 2022 to 10th of December 2023 and 10th of December 2023 to 4th 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 Ally price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Digital Ally price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.5 |
Digital Ally lagged returns against current returns
Autocorrelation, which is Digital Ally 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 Ally's stock expected returns. We can calculate the autocorrelation of Digital Ally returns to help us make a trade decision. For example, suppose you find that Digital Ally 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 Ally 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 Ally stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Digital Ally stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Digital Ally stock over time.
Current vs Lagged Prices |
| Timeline |
Digital Ally Lagged Returns
When evaluating Digital Ally's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Digital Ally stock have on its future price. Digital Ally 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 Ally autocorrelation shows the relationship between Digital Ally stock current value and its past values and can show if there is a momentum factor associated with investing in Digital Ally.
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 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.