Domo Inc Stock Market Value
| DOMO Stock | USD 9.28 0.06 0.64% |
| Symbol | Domo |
Domo Inc 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 Domo. If investors know Domo 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 Domo listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.16) | Revenue Per Share 8.549 | Quarterly Revenue Growth (0.02) | Return On Assets (0.19) |
The market value of Domo Inc is measured differently than its book value, which is the value of Domo that is recorded on the company's balance sheet. Investors also form their own opinion of Domo's value that differs from its market value or its book value, called intrinsic value, which is Domo'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 Domo's market value can be influenced by many factors that don't directly affect Domo'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 Domo's value and its price as these two are different measures arrived at by different means. Investors typically determine if Domo is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Domo'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.
Domo '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 Domo'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 Domo.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Domo on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Domo Inc or generate 0.0% return on investment in Domo over 720 days. Domo is related to or competes with Dynatrace Holdings, Elastic NV, Pagerduty, MondayCom, Riskified, Mitek Systems, and Full Truck. Domo, Inc. operates a cloud-based business intelligence platform in the United States, Japan, and internationally More
Domo 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 Domo'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 Domo Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.85 | |||
| Information Ratio | 0.0445 | |||
| Maximum Drawdown | 10.39 | |||
| Value At Risk | (4.10) | |||
| Potential Upside | 4.41 |
Domo Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Domo's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Domo's standard deviation. In reality, there are many statistical measures that can use Domo historical prices to predict the future Domo's volatility.| Risk Adjusted Performance | 0.0771 | |||
| Jensen Alpha | 0.081 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | 0.0435 | |||
| Treynor Ratio | 0.1801 |
Domo Inc Backtested Returns
Domo appears to be somewhat reliable, given 3 months investment horizon. Domo Inc secures Sharpe Ratio (or Efficiency) of 0.14, which denotes the company had a 0.14% return per unit of risk over the last 3 months. We have found thirty technical indicators for Domo Inc, which you can use to evaluate the volatility of the firm. Please utilize Domo's Downside Deviation of 2.85, coefficient of variation of 1094.99, and Mean Deviation of 2.16 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Domo holds a performance score of 10. The firm shows a Beta (market volatility) of 1.36, 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, Domo will likely underperform. Please check Domo's downside variance, and the relationship between the sortino ratio and accumulation distribution , to make a quick decision on whether Domo's price patterns will revert.
Auto-correlation | 0.19 |
Very weak predictability
Domo Inc has very weak predictability. Overlapping area represents the amount of predictability between Domo time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th of November 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 Domo Inc price movement. The serial correlation of 0.19 indicates that over 19.0% of current Domo price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 1.96 |
Domo Inc lagged returns against current returns
Autocorrelation, which is Domo 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 Domo's stock expected returns. We can calculate the autocorrelation of Domo returns to help us make a trade decision. For example, suppose you find that Domo 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 |
Domo 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 Domo stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Domo stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Domo stock over time.
Current vs Lagged Prices |
| Timeline |
Domo Lagged Returns
When evaluating Domo's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Domo stock have on its future price. Domo 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, Domo autocorrelation shows the relationship between Domo stock current value and its past values and can show if there is a momentum factor associated with investing in Domo Inc.
Regressed Prices |
| Timeline |
Pair Trading with Domo
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Domo position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Domo will appreciate offsetting losses from the drop in the long position's value.Moving together with Domo Stock
| 0.88 | DJCO | Daily Journal Corp | PairCorr |
| 0.8 | AI | C3 Ai Inc Earnings Call This Week | PairCorr |
| 0.78 | BL | Blackline | PairCorr |
Moving against Domo Stock
The ability to find closely correlated positions to Domo could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Domo when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Domo - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Domo Inc to buy it.
The correlation of Domo is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Domo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Domo Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Domo can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Domo Correlation, Domo Volatility and Domo Alpha and Beta module to complement your research on Domo. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Domo 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.