Digitalist Group (Finland) Market Value
| DIGIGR Stock | EUR 0.01 0.0002 1.72% |
| Symbol | Digitalist |
Digitalist Group '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 Digitalist Group'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 Digitalist Group.
| 11/29/2024 |
| 02/27/2025 |
If you would invest 0.00 in Digitalist Group on November 29, 2024 and sell it all today you would earn a total of 0.00 from holding Digitalist Group Oyj or generate 0.0% return on investment in Digitalist Group over 90 days. Digitalist Group is related to or competes with Tulikivi Oyj, Afarak Group, Tecnotree Oyj, and Solteq PLC. Digitalist Group Plc provides digital solutions and consulting services in Europe, the United States, and Asia More
Digitalist Group 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 Digitalist Group'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 Digitalist Group Oyj upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 25.26 | |||
| Value At Risk | (6.35) | |||
| Potential Upside | 8.7 |
Digitalist Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Digitalist Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Digitalist Group's standard deviation. In reality, there are many statistical measures that can use Digitalist Group historical prices to predict the future Digitalist Group's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.54) | |||
| Total Risk Alpha | (0.50) | |||
| Treynor Ratio | (0.84) |
Digitalist Group Oyj Backtested Returns
Digitalist Group Oyj secures Sharpe Ratio (or Efficiency) of -0.0905, which denotes the company had a -0.0905 % return per unit of risk over the last 3 months. Digitalist Group Oyj exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Digitalist Group's Mean Deviation of 3.73, standard deviation of 4.99, and Variance of 24.93 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.65, which means possible diversification benefits within a given portfolio. As returns on the market increase, Digitalist Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Digitalist Group is expected to be smaller as well. At this point, Digitalist Group Oyj has a negative expected return of -0.44%. Please make sure to confirm Digitalist Group's skewness, day typical price, and the relationship between the maximum drawdown and daily balance of power , to decide if Digitalist Group Oyj performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.43 |
Average predictability
Digitalist Group Oyj has average predictability. Overlapping area represents the amount of predictability between Digitalist Group time series from 29th of November 2024 to 13th of January 2025 and 13th of January 2025 to 27th of February 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 Digitalist Group Oyj price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Digitalist Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Digitalist Group Oyj lagged returns against current returns
Autocorrelation, which is Digitalist Group 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 Digitalist Group's stock expected returns. We can calculate the autocorrelation of Digitalist Group returns to help us make a trade decision. For example, suppose you find that Digitalist Group 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 |
Digitalist Group 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 Digitalist Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Digitalist Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Digitalist Group stock over time.
Current vs Lagged Prices |
| Timeline |
Digitalist Group Lagged Returns
When evaluating Digitalist Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Digitalist Group stock have on its future price. Digitalist Group 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, Digitalist Group autocorrelation shows the relationship between Digitalist Group stock current value and its past values and can show if there is a momentum factor associated with investing in Digitalist Group Oyj.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Digitalist Stock
Digitalist Group financial ratios help investors to determine whether Digitalist Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Digitalist with respect to the benefits of owning Digitalist Group security.