Digihost Technology Stock Performance
| DGHI Stock | CAD 2.86 0.25 9.58% |
Digihost Technology holds a performance score of 14 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -0.66, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Digihost Technology are expected to decrease at a much lower rate. During the bear market, Digihost Technology is likely to outperform the market. Use Digihost Technology coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to analyze future returns on Digihost Technology.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Digihost Technology are ranked lower than 14 (%) of all global equities and portfolios over the last 90 days. In spite of fairly abnormal technical indicators, Digihost Technology showed solid returns over the last few months and may actually be approaching a breakup point. ...more
| Begin Period Cash Flow | 1.9 M |
Digihost |
Digihost Technology Relative Risk vs. Return Landscape
If you would invest 157.00 in Digihost Technology on September 2, 2024 and sell it today you would earn a total of 129.00 from holding Digihost Technology or generate 82.17% return on investment over 90 days. Digihost Technology is generating 1.1047% of daily returns assuming 5.8423% volatility of returns over the 90 days investment horizon. Simply put, 52% of all stocks have less volatile historical return distribution than Digihost Technology, and 78% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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Digihost Technology Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Digihost Technology's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Digihost Technology, and traders can use it to determine the average amount a Digihost Technology's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1891
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Estimated Market Risk
| 5.84 actual daily | 52 52% of assets are less volatile |
Expected Return
| 1.1 actual daily | 21 79% of assets have higher returns |
Risk-Adjusted Return
| 0.19 actual daily | 14 86% of assets perform better |
Based on monthly moving average Digihost Technology is performing at about 14% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Digihost Technology by adding it to a well-diversified portfolio.
Digihost Technology Fundamentals Growth
Digihost Stock prices reflect investors' perceptions of the future prospects and financial health of Digihost Technology, and Digihost Technology fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Digihost Stock performance.
| Return On Equity | -0.29 | ||||
| Return On Asset | -0.2 | ||||
| Profit Margin | (0.25) % | ||||
| Operating Margin | (0.51) % | ||||
| Current Valuation | 94.31 M | ||||
| Shares Outstanding | 33.01 M | ||||
| Price To Book | 2.49 X | ||||
| Price To Sales | 2.46 X | ||||
| Revenue | 26.11 M | ||||
| EBITDA | 1.75 M | ||||
| Cash And Equivalents | 13.19 M | ||||
| Cash Per Share | 0.20 X | ||||
| Total Debt | 642.69 K | ||||
| Debt To Equity | 0.07 % | ||||
| Book Value Per Share | 0.99 X | ||||
| Cash Flow From Operations | 5.69 M | ||||
| Earnings Per Share | (0.77) X | ||||
| Total Asset | 42.15 M | ||||
| Retained Earnings | (26.5 M) | ||||
About Digihost Technology Performance
Evaluating Digihost Technology's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Digihost Technology has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Digihost Technology has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
Digihost Technology Inc. operates as a blockchain technology company. Digihost Technology Inc. was incorporated in 2017 and is headquartered in Vancouver, Canada. DIGIHOST TECHNOLOGY is traded on Commodity Exchange in Exotistan.Things to note about Digihost Technology performance evaluation
Checking the ongoing alerts about Digihost Technology for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Digihost Technology help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Digihost Technology is way too risky over 90 days horizon | |
| Digihost Technology appears to be risky and price may revert if volatility continues | |
| The company reported the revenue of 26.11 M. Net Loss for the year was (21.89 M) with profit before overhead, payroll, taxes, and interest of 14.41 M. | |
| About 30.0% of the company shares are held by company insiders |
- Analyzing Digihost Technology's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Digihost Technology's stock is overvalued or undervalued compared to its peers.
- Examining Digihost Technology's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Digihost Technology's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Digihost Technology's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Digihost Technology's stock. These opinions can provide insight into Digihost Technology's potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for Digihost Stock Analysis
When running Digihost Technology's price analysis, check to measure Digihost Technology'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 Digihost Technology is operating at the current time. Most of Digihost Technology's value examination focuses on studying past and present price action to predict the probability of Digihost Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Digihost Technology's price. Additionally, you may evaluate how the addition of Digihost Technology to your portfolios can decrease your overall portfolio volatility.