DocuSign (Brazil) Market Value
| D1OC34 Stock | BRL 29.58 0.60 2.07% |
| Symbol | DocuSign |
DocuSign '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 DocuSign'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 DocuSign.
| 01/05/2023 |
| 12/25/2024 |
If you would invest 0.00 in DocuSign on January 5, 2023 and sell it all today you would earn a total of 0.00 from holding DocuSign or generate 0.0% return on investment in DocuSign over 720 days. DocuSign is related to or competes with ServiceNow, Shopify, Snowflake, Autodesk, Atlassian Plc, Trade Desk, and Zoom Video. DocuSign, Inc. provides cloud based software in the United States and internationally More
DocuSign 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 DocuSign'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 DocuSign upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.46 | |||
| Information Ratio | 0.2325 | |||
| Maximum Drawdown | 35.74 | |||
| Value At Risk | (3.48) | |||
| Potential Upside | 5.24 |
DocuSign Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DocuSign's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DocuSign's standard deviation. In reality, there are many statistical measures that can use DocuSign historical prices to predict the future DocuSign's volatility.| Risk Adjusted Performance | 0.2024 | |||
| Jensen Alpha | 1.04 | |||
| Total Risk Alpha | 0.8381 | |||
| Sortino Ratio | 0.4014 | |||
| Treynor Ratio | (2.21) |
DocuSign Backtested Returns
DocuSign appears to be not too volatile, given 3 months investment horizon. DocuSign secures Sharpe Ratio (or Efficiency) of 0.22, which denotes the company had a 0.22% return per unit of standard deviation over the last 3 months. By reviewing DocuSign's technical indicators, you can evaluate if the expected return of 0.97% is justified by implied risk. Please utilize DocuSign's Downside Deviation of 2.46, semi deviation of 1.69, and Mean Deviation of 2.37 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, DocuSign holds a performance score of 17. The firm shows a Beta (market volatility) of -0.46, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning DocuSign are expected to decrease at a much lower rate. During the bear market, DocuSign is likely to outperform the market. Please check DocuSign's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether DocuSign's price patterns will revert.
Auto-correlation | -0.29 |
Weak reverse predictability
DocuSign has weak reverse predictability. Overlapping area represents the amount of predictability between DocuSign time series from 5th of January 2023 to 31st of December 2023 and 31st of December 2023 to 25th 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 DocuSign price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current DocuSign price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | -0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 15.95 |
DocuSign lagged returns against current returns
Autocorrelation, which is DocuSign 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 DocuSign's stock expected returns. We can calculate the autocorrelation of DocuSign returns to help us make a trade decision. For example, suppose you find that DocuSign 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 |
DocuSign 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 DocuSign stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DocuSign stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DocuSign stock over time.
Current vs Lagged Prices |
| Timeline |
DocuSign Lagged Returns
When evaluating DocuSign's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DocuSign stock have on its future price. DocuSign 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, DocuSign autocorrelation shows the relationship between DocuSign stock current value and its past values and can show if there is a momentum factor associated with investing in DocuSign.
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.Additional Information and Resources on Investing in DocuSign Stock
When determining whether DocuSign is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if DocuSign Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Docusign Stock. Highlighted below are key reports to facilitate an investment decision about Docusign Stock:Check out DocuSign Correlation, DocuSign Volatility and DocuSign Alpha and Beta module to complement your research on DocuSign. For information on how to trade DocuSign Stock refer to our How to Trade DocuSign Stock guide.You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
DocuSign 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.