Digital Locations Stock Market Value
| DLOC Stock | USD 0.0005 0.0001 16.67% |
| Symbol | Digital |
Digital Locations '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 Locations' pink sheet 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 Locations.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Digital Locations on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Digital Locations or generate 0.0% return on investment in Digital Locations over 30 days. Digital Locations is related to or competes with Travis Perkins, Antelope Enterprise, Intelligent Living, Beacon Roofing, Armstrong World, Quanex Building, and Apogee Enterprises. Digital Locations, Inc. operates as an aggregator, developer, and acquirer of small cell sites and cell towers for 5G se... More
Digital Locations 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 Locations' pink sheet 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 Locations upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 13.7 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 110.71 | |||
| Value At Risk | (16.67) | |||
| Potential Upside | 14.29 |
Digital Locations Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Digital Locations' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Digital Locations' standard deviation. In reality, there are many statistical measures that can use Digital Locations historical prices to predict the future Digital Locations' volatility.| Risk Adjusted Performance | 0.011 | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (2.00) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0184 |
Digital Locations Backtested Returns
Digital Locations secures Sharpe Ratio (or Efficiency) of -0.0028, which denotes the company had a -0.0028% return per unit of risk over the last 3 months. Digital Locations exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Digital Locations' Downside Deviation of 13.7, mean deviation of 8.86, and Coefficient Of Variation of 51647.5 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.03, which means a somewhat significant risk relative to the market. Digital Locations returns are very sensitive to returns on the market. As the market goes up or down, Digital Locations is expected to follow. At this point, Digital Locations has a negative expected return of -0.0415%. Please make sure to confirm Digital Locations' coefficient of variation, maximum drawdown, skewness, as well as the relationship between the total risk alpha and downside variance , to decide if Digital Locations performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.28 |
Poor predictability
Digital Locations has poor predictability. Overlapping area represents the amount of predictability between Digital Locations time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 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 Locations price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Digital Locations price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Digital Locations lagged returns against current returns
Autocorrelation, which is Digital Locations pink sheet'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 Locations' pink sheet expected returns. We can calculate the autocorrelation of Digital Locations returns to help us make a trade decision. For example, suppose you find that Digital Locations has exhibited high autocorrelation historically, and you observe that the pink sheet 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 Locations 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 Locations pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Digital Locations pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Digital Locations pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Digital Locations Lagged Returns
When evaluating Digital Locations' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Digital Locations pink sheet have on its future price. Digital Locations 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 Locations autocorrelation shows the relationship between Digital Locations pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Digital Locations.
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.Other Information on Investing in Digital Pink Sheet
Digital Locations financial ratios help investors to determine whether Digital Pink Sheet 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 Digital with respect to the benefits of owning Digital Locations security.