Digitalocean Holdings Stock Market Value
| DOCN Stock | USD 37.88 0.83 2.14% |
| Symbol | DigitalOcean |
DigitalOcean Holdings Price To Book Ratio
Is Internet Services & Infrastructure 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 DigitalOcean Holdings. If investors know DigitalOcean 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 DigitalOcean Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.65 | Earnings Share 0.86 | Revenue Per Share 8.348 | Quarterly Revenue Growth 0.121 | Return On Assets 0.0438 |
The market value of DigitalOcean Holdings is measured differently than its book value, which is the value of DigitalOcean that is recorded on the company's balance sheet. Investors also form their own opinion of DigitalOcean Holdings' value that differs from its market value or its book value, called intrinsic value, which is DigitalOcean Holdings' 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 DigitalOcean Holdings' market value can be influenced by many factors that don't directly affect DigitalOcean Holdings' 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 DigitalOcean Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if DigitalOcean Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DigitalOcean Holdings' 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.
DigitalOcean Holdings '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 DigitalOcean Holdings' 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 DigitalOcean Holdings.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in DigitalOcean Holdings on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding DigitalOcean Holdings or generate 0.0% return on investment in DigitalOcean Holdings over 720 days. DigitalOcean Holdings is related to or competes with Crowdstrike Holdings, Zscaler, Okta, Uipath, MongoDB, Cloudflare, and Palo Alto. DigitalOcean Holdings, Inc., through its subsidiaries, operates a cloud computing platform in North America, Europe, Asi... More
DigitalOcean Holdings 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 DigitalOcean Holdings' 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 DigitalOcean Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.26 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 22.0 | |||
| Value At Risk | (4.36) | |||
| Potential Upside | 5.16 |
DigitalOcean Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DigitalOcean Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DigitalOcean Holdings' standard deviation. In reality, there are many statistical measures that can use DigitalOcean Holdings historical prices to predict the future DigitalOcean Holdings' volatility.| Risk Adjusted Performance | 0.0318 | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.41) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.036 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of DigitalOcean Holdings' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
DigitalOcean Holdings Backtested Returns
As of now, DigitalOcean Stock is very steady. DigitalOcean Holdings secures Sharpe Ratio (or Efficiency) of 0.0221, which denotes the company had a 0.0221% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for DigitalOcean Holdings, which you can use to evaluate the volatility of the firm. Please confirm DigitalOcean Holdings' Coefficient Of Variation of 3157.92, downside deviation of 3.26, and Mean Deviation of 2.17 to check if the risk estimate we provide is consistent with the expected return of 0.0719%. DigitalOcean Holdings has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 2.55, 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, DigitalOcean Holdings will likely underperform. DigitalOcean Holdings right now shows a risk of 3.26%. Please confirm DigitalOcean Holdings downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to decide if DigitalOcean Holdings will be following its price patterns.
Auto-correlation | -0.45 |
Modest reverse predictability
DigitalOcean Holdings has modest reverse predictability. Overlapping area represents the amount of predictability between DigitalOcean Holdings 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 DigitalOcean Holdings price movement. The serial correlation of -0.45 indicates that just about 45.0% of current DigitalOcean Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 10.71 |
DigitalOcean Holdings lagged returns against current returns
Autocorrelation, which is DigitalOcean Holdings 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 DigitalOcean Holdings' stock expected returns. We can calculate the autocorrelation of DigitalOcean Holdings returns to help us make a trade decision. For example, suppose you find that DigitalOcean Holdings 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 |
DigitalOcean Holdings 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 DigitalOcean Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DigitalOcean Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DigitalOcean Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
DigitalOcean Holdings Lagged Returns
When evaluating DigitalOcean Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DigitalOcean Holdings stock have on its future price. DigitalOcean Holdings 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, DigitalOcean Holdings autocorrelation shows the relationship between DigitalOcean Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in DigitalOcean Holdings.
Regressed Prices |
| Timeline |
When determining whether DigitalOcean Holdings offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of DigitalOcean Holdings' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Digitalocean Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Digitalocean Holdings Stock:
Check out DigitalOcean Holdings Correlation, DigitalOcean Holdings Volatility and DigitalOcean Holdings Alpha and Beta module to complement your research on DigitalOcean Holdings. To learn how to invest in DigitalOcean Stock, please use our How to Invest in DigitalOcean Holdings guide.You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
DigitalOcean Holdings 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.