Digital World Stock Forecast - Maximum Drawdown
| DWACUDelisted Stock | USD 61.35 4.49 7.90% |
Digital Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Digital World stock prices and determine the direction of Digital World Acquisition's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Digital World's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. Digital |
Most investors in Digital World cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Digital World's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Digital World's price structures and extracts relationships that further increase the generated results' accuracy.
| Check Digital World Volatility | Backtest Digital World | Information Ratio |
Digital World Trading Date Momentum
| On April 23 2024 Digital World Acquisition was traded for 61.35 at the closing time. The highest daily price throughout the period was 63.88 and the lowest price was 56.86 . There was no trading activity during the period 0.0. Lack of trading volume on 04/23/2024 did not affect price variability. The overall trading delta to current closing price is 7.32% . |
Digital World Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Digital World stock to make a market-neutral strategy. Peer analysis of Digital World could also be used in its relative valuation, which is a method of valuing Digital World by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Digital World Market Strength Events
Market strength indicators help investors to evaluate how Digital World stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Digital World shares will generate the highest return on investment. By undertsting and applying Digital World stock market strength indicators, traders can identify Digital World Acquisition entry and exit signals to maximize returns.
Digital World Risk Indicators
The analysis of Digital World's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Digital World's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting digital stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 7.44 | |||
| Semi Deviation | 5.9 | |||
| Standard Deviation | 12.38 | |||
| Variance | 153.21 | |||
| Downside Variance | 63.58 | |||
| Semi Variance | 34.79 | |||
| Expected Short fall | (11.27) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Digital World in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Digital World's short interest history, or implied volatility extrapolated from Digital World options trading.
Pair Trading with Digital World
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 Digital World 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 Digital World will appreciate offsetting losses from the drop in the long position's value.Moving against Digital Stock
| 0.86 | YELP | Yelp Inc Financial Report 2nd of May 2024 | PairCorr |
| 0.67 | HRYU | Hanryu Holdings Common Report 7th of June 2024 | PairCorr |
| 0.61 | TC | TuanChe ADR | PairCorr |
| 0.47 | Z | Zillow Group Class Financial Report 1st of May 2024 | PairCorr |
| 0.47 | GENI | Genius Sports Financial Report 14th of May 2024 | PairCorr |
The ability to find closely correlated positions to Digital World could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Digital World 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 Digital World - 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 Digital World Acquisition to buy it.
The correlation of Digital World 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 Digital World moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Digital World Acquisition 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 Digital World 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 Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. Note that the Digital World Acquisition information on this page should be used as a complementary analysis to other Digital World's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Other Consideration for investing in Digital Stock
If you are still planning to invest in Digital World Acquisition check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Digital World's history and understand the potential risks before investing.
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| CEOs Directory Screen CEOs from public companies around the world | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios |