Digatrade Financial Corp Stock Market Value
| DIGAF Stock | USD 0.0001 0.00 0.00% |
| Symbol | Digatrade |
Digatrade Financial Corp Price To Book Ratio
Is IT Consulting & Other Services 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 Digatrade Financial. If investors know Digatrade 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 Digatrade Financial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Return On Assets (0.67) |
The market value of Digatrade Financial Corp is measured differently than its book value, which is the value of Digatrade that is recorded on the company's balance sheet. Investors also form their own opinion of Digatrade Financial's value that differs from its market value or its book value, called intrinsic value, which is Digatrade Financial'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 Digatrade Financial's market value can be influenced by many factors that don't directly affect Digatrade Financial'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 Digatrade Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Digatrade Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Digatrade Financial'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.
Digatrade Financial '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 Digatrade Financial'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 Digatrade Financial.
| 06/12/2023 |
| 12/03/2024 |
If you would invest 0.00 in Digatrade Financial on June 12, 2023 and sell it all today you would earn a total of 0.00 from holding Digatrade Financial Corp or generate 0.0% return on investment in Digatrade Financial over 540 days. Digatrade Financial is related to or competes with Castellum, Data Storage, Information Services, ExlService Holdings, ASGN, Parsons Corp, and CACI International. Digatrade Financial Corp. operates as a financial technology services company More
Digatrade Financial 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 Digatrade Financial'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 Digatrade Financial Corp upside and downside potential and time the market with a certain degree of confidence.
Digatrade Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Digatrade Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Digatrade Financial's standard deviation. In reality, there are many statistical measures that can use Digatrade Financial historical prices to predict the future Digatrade Financial's volatility.Digatrade Financial Corp Backtested Returns
We have found three technical indicators for Digatrade Financial Corp, which you can use to evaluate the volatility of the firm. The firm shows a Beta (market volatility) of 0.0, which means not very significant fluctuations relative to the market. the returns on MARKET and Digatrade Financial are completely uncorrelated.
Auto-correlation | 1.00 |
Perfect predictability
Digatrade Financial Corp has perfect predictability. Overlapping area represents the amount of predictability between Digatrade Financial time series from 12th of June 2023 to 8th of March 2024 and 8th of March 2024 to 3rd 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 Digatrade Financial Corp price movement. The serial correlation of 1.0 indicates that 100.0% of current Digatrade Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Digatrade Financial Corp lagged returns against current returns
Autocorrelation, which is Digatrade Financial 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 Digatrade Financial's stock expected returns. We can calculate the autocorrelation of Digatrade Financial returns to help us make a trade decision. For example, suppose you find that Digatrade Financial 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 |
Digatrade Financial 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 Digatrade Financial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Digatrade Financial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Digatrade Financial stock over time.
Current vs Lagged Prices |
| Timeline |
Digatrade Financial Lagged Returns
When evaluating Digatrade Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Digatrade Financial stock have on its future price. Digatrade Financial 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, Digatrade Financial autocorrelation shows the relationship between Digatrade Financial stock current value and its past values and can show if there is a momentum factor associated with investing in Digatrade Financial Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Digatrade Financial Corp is a strong investment it is important to analyze Digatrade Financial'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 Digatrade Financial's future performance. For an informed investment choice regarding Digatrade Stock, refer to the following important reports:Check out Digatrade Financial Correlation, Digatrade Financial Volatility and Digatrade Financial Alpha and Beta module to complement your research on Digatrade Financial. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Digatrade Financial 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.