Docgo Inc Stock Alpha and Beta Analysis
| DCGO Stock | USD 4.14 0.15 3.50% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as DocGo Inc. It also helps investors analyze the systematic and unsystematic risks associated with investing in DocGo over a specified time horizon. Remember, high DocGo's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to DocGo's market risk premium analysis include:
Beta 1.75 | Alpha 0.0755 | Risk 2.9 | Sharpe Ratio 0.0831 | Expected Return 0.24 |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
DocGo |
DocGo Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. DocGo market risk premium is the additional return an investor will receive from holding DocGo long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in DocGo. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate DocGo's performance over market.| α | 0.08 | β | 1.75 |
DocGo expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of DocGo's Buy-and-hold return. Our buy-and-hold chart shows how DocGo performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.DocGo Market Price Analysis
Market price analysis indicators help investors to evaluate how DocGo stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading DocGo shares will generate the highest return on investment. By understating and applying DocGo stock market price indicators, traders can identify DocGo position entry and exit signals to maximize returns.
DocGo Return and Market Media
The median price of DocGo for the period between Fri, Sep 13, 2024 and Thu, Dec 12, 2024 is 3.52 with a coefficient of variation of 10.66. The daily time series for the period is distributed with a sample standard deviation of 0.39, arithmetic mean of 3.67, and mean deviation of 0.35. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | DocGo Appoints Eiwe Lingefors as New Chief Information Officer | 09/26/2024 |
2 | Insider Trading | 10/01/2024 |
3 | Disposition of 8004 shares by Norman Rosenberg of DocGo at 3.35 subject to Rule 16b-3 | 10/04/2024 |
4 | DocGo Inc Q2 2024 Earnings Call Highlights Strong Revenue Growth and Strategic Expansions | 10/09/2024 |
5 | DocGo to Announce Third Quarter 2024 Results on Thursday, November 7, 2024 | 10/21/2024 |
6 | What To Expect From DocGo Inc Q3 2024 Earnings | 11/06/2024 |
7 | DocGo Announces Third Quarter 2024 Results | 11/07/2024 |
8 | DocGo Inc. Q3 2024 Earnings Call Transcript | 11/11/2024 |
9 | Acquisition by Klasko Stephen K. M.d. of 204082 shares of DocGo at 4.16 subject to Rule 16b-3 | 11/12/2024 |
10 | DocGos EMS Direct Signs Two-Year Contract to Provide Medical Transportation for a Leading Health and Hospital System in Fort Worth | 11/26/2024 |
11 | DocGo Secures Two-Year Transportation Contract Renewal with Major Tennessee Healthcare System | 12/10/2024 |
About DocGo Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including DocGo or other stocks. Alpha measures the amount that position in DocGo Inc has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2021 | 2022 | 2023 | 2024 (projected) | Days Sales Outstanding | 89.77 | 85.34 | 153.23 | 80.25 | PTB Ratio | 3.42 | 2.62 | 1.92 | 1.83 |
DocGo Upcoming Company Events
As portrayed in its financial statements, the presentation of DocGo's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, DocGo's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of DocGo's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of DocGo. Please utilize our Beneish M Score to check the likelihood of DocGo's management manipulating its earnings.
| 11th of March 2024 Upcoming Quarterly Report | View | |
| 13th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 11th of March 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
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Check out DocGo Backtesting, DocGo Valuation, DocGo Correlation, DocGo Hype Analysis, DocGo Volatility, DocGo History and analyze DocGo Performance. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
DocGo 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.