Dariohealth Corp Stock Market Value
| DRIO Stock | USD 0.79 0.07 9.72% |
| Symbol | DarioHealth |
DarioHealth Corp Price To Book Ratio
Is Health Care Equipment & Supplies 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 DarioHealth Corp. If investors know DarioHealth 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 DarioHealth Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.93) | Revenue Per Share 0.631 | Quarterly Revenue Growth 1.11 | Return On Assets (0.35) | Return On Equity (0.75) |
The market value of DarioHealth Corp is measured differently than its book value, which is the value of DarioHealth that is recorded on the company's balance sheet. Investors also form their own opinion of DarioHealth Corp's value that differs from its market value or its book value, called intrinsic value, which is DarioHealth Corp'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 DarioHealth Corp's market value can be influenced by many factors that don't directly affect DarioHealth Corp'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 DarioHealth Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if DarioHealth Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DarioHealth Corp'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.
DarioHealth Corp '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 DarioHealth Corp'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 DarioHealth Corp.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in DarioHealth Corp on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding DarioHealth Corp or generate 0.0% return on investment in DarioHealth Corp over 360 days. DarioHealth Corp is related to or competes with Profound Medical, Si Bone, Nevro Corp, Orthopediatrics Corp, Orthofix Medical, Neuropace, and Bioventus. DarioHealth Corp. operates as a digital therapeutics company in the United States, Canada, the European Union, Australia... More
DarioHealth Corp 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 DarioHealth Corp'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 DarioHealth Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.03 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 27.55 | |||
| Value At Risk | (7.00) | |||
| Potential Upside | 9.72 |
DarioHealth Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DarioHealth Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DarioHealth Corp's standard deviation. In reality, there are many statistical measures that can use DarioHealth Corp historical prices to predict the future DarioHealth Corp's volatility.| Risk Adjusted Performance | 0.02 | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.81) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0362 |
DarioHealth Corp Backtested Returns
As of now, DarioHealth Stock is very risky. DarioHealth Corp secures Sharpe Ratio (or Efficiency) of 0.0115, which denotes the company had a 0.0115% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for DarioHealth Corp, which you can use to evaluate the volatility of the firm. Please confirm DarioHealth Corp's Coefficient Of Variation of 6693.47, mean deviation of 4.1, and Downside Deviation of 5.03 to check if the risk estimate we provide is consistent with the expected return of 0.0615%. The firm shows a Beta (market volatility) of 1.89, 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, DarioHealth Corp will likely underperform. DarioHealth Corp right now shows a risk of 5.33%. Please confirm DarioHealth Corp maximum drawdown and the relationship between the expected short fall and period momentum indicator , to decide if DarioHealth Corp will be following its price patterns.
Auto-correlation | 0.28 |
Poor predictability
DarioHealth Corp has poor predictability. Overlapping area represents the amount of predictability between DarioHealth Corp time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st 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 DarioHealth Corp price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current DarioHealth Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
DarioHealth Corp lagged returns against current returns
Autocorrelation, which is DarioHealth Corp 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 DarioHealth Corp's stock expected returns. We can calculate the autocorrelation of DarioHealth Corp returns to help us make a trade decision. For example, suppose you find that DarioHealth Corp 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 |
DarioHealth Corp 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 DarioHealth Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DarioHealth Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DarioHealth Corp stock over time.
Current vs Lagged Prices |
| Timeline |
DarioHealth Corp Lagged Returns
When evaluating DarioHealth Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DarioHealth Corp stock have on its future price. DarioHealth Corp 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, DarioHealth Corp autocorrelation shows the relationship between DarioHealth Corp stock current value and its past values and can show if there is a momentum factor associated with investing in DarioHealth Corp.
Regressed Prices |
| Timeline |
Pair Trading with DarioHealth Corp
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 DarioHealth Corp 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 DarioHealth Corp will appreciate offsetting losses from the drop in the long position's value.Moving against DarioHealth Stock
| 0.73 | GH | Guardant Health | PairCorr |
| 0.65 | LH | Laboratory | PairCorr |
| 0.58 | DXCM | DexCom Inc Sell-off Trend | PairCorr |
| 0.52 | VREX | Varex Imaging Corp | PairCorr |
| 0.48 | VEEV | Veeva Systems Class Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to DarioHealth Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DarioHealth Corp 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 DarioHealth Corp - 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 DarioHealth Corp to buy it.
The correlation of DarioHealth Corp 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 DarioHealth Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DarioHealth Corp 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 DarioHealth Corp 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 DarioHealth Corp Correlation, DarioHealth Corp Volatility and DarioHealth Corp Alpha and Beta module to complement your research on DarioHealth Corp. To learn how to invest in DarioHealth Stock, please use our How to Invest in DarioHealth Corp guide.You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
DarioHealth Corp 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.