Doximity Stock Price on August 4, 2022
| DOCS Stock | USD 24.58 0.21 0.85% |
If you're considering investing in Doximity Stock, it is important to understand the factors that can impact its price. As of today, the current price of Doximity stands at 24.58, as last reported on the 24th of April, with the highest price reaching 25.16 and the lowest price hitting 24.56 during the day. Doximity secures Sharpe Ratio (or Efficiency) of -0.14, which denotes the company had a -0.14% return per unit of risk over the last 3 months. Doximity exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Doximity's Standard Deviation of 2.03, mean deviation of 1.48, and Variance of 4.1 to check the risk estimate we provide.
Doximity Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Doximity |
Sharpe Ratio = -0.1397
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| Negative Returns | DOCS |
Estimated Market Risk
| 2.03 actual daily | 17 83% of assets are more volatile |
Expected Return
| -0.28 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.14 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Doximity is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Doximity by adding Doximity to a well-diversified portfolio.
Doximity Valuation on August 4, 2022
It is possible to determine the worth of Doximity on a given historical date. On August 4, 2022 Doximity was worth 42.5 at the beginning of the trading date compared to the closed value of 40.31. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Doximity stock. Still, in general, we apply an absolute valuation method to find Doximity's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Doximity where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Doximity's related companies.
| Open | High | Low | Close | Volume | |
| 44.57 | 44.76 | 41.89 | 41.99 | 2,462,400 | |
08/04/2022 | 42.50 | 43.09 | 40.16 | 40.31 | 3,864,500 |
| 34.65 | 38.20 | 33.73 | 37.31 | 6,201,900 |
| Backtest Doximity | | | Doximity History | | | Doximity Valuation | Previous | Next |
Doximity Trading Date Momentum on August 4, 2022
| On August 05 2022 Doximity was traded for 37.31 at the closing time. The top price for the day was 38.20 and the lowest listed price was 33.73 . The trading volume for the day was 6.2 M. The trading history from August 5, 2022 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 7.44% . The overall trading delta against the current closing price is 7.10% . |
Doximity Fundamentals Correlations and Trends
By evaluating Doximity's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Doximity's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Doximity financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Doximity Stock history
Doximity investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Doximity is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Doximity will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Doximity stock prices may prove useful in developing a viable investing in Doximity
Doximity, Inc. operates a cloud-based digital platform for medical professionals in the United States. Doximity, Inc. was incorporated in 2010 and is headquartered in San Francisco, California. Doximity Inc operates under Health Information Services classification in the United States and is traded on New York Stock Exchange. It employs 887 people.
Doximity Stock Technical Analysis
Doximity 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.
Price Boundaries
Doximity Period Price Range
Low | August 4, 2022
| High |
42.50 | 40.31 |
Doximity April 24, 2024 Market Strength
Market strength indicators help investors to evaluate how Doximity stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Doximity shares will generate the highest return on investment. By undertsting and applying Doximity stock market strength indicators, traders can identify Doximity entry and exit signals to maximize returns
| Accumulation Distribution | 262775.0 | |||
| Daily Balance Of Power | (0.75) | |||
| Rate Of Daily Change | 0.95 | |||
| Day Median Price | 41.63 | |||
| Day Typical Price | 41.19 | |||
| Price Action Indicator | (2.41) | |||
| Period Momentum Indicator | (15.73) | |||
| Relative Strength Index | 36.74 |
Doximity Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Doximity's price direction in advance. Along with the technical and fundamental analysis of Doximity Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Doximity to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.57) | |||
| Treynor Ratio | 1.14 |
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Doximity. 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. For more information on how to buy Doximity Stock please use our How to Invest in Doximity guide.Note that the Doximity information on this page should be used as a complementary analysis to other Doximity'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 Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Complementary Tools for Doximity Stock analysis
When running Doximity's price analysis, check to measure Doximity's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Doximity is operating at the current time. Most of Doximity's value examination focuses on studying past and present price action to predict the probability of Doximity's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Doximity's price. Additionally, you may evaluate how the addition of Doximity to your portfolios can decrease your overall portfolio volatility.
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Is Doximity's industry 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 Doximity. If investors know Doximity 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 Doximity listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Doximity is measured differently than its book value, which is the value of Doximity that is recorded on the company's balance sheet. Investors also form their own opinion of Doximity's value that differs from its market value or its book value, called intrinsic value, which is Doximity'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 Doximity's market value can be influenced by many factors that don't directly affect Doximity'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 Doximity's value and its price as these two are different measures arrived at by different means. Investors typically determine if Doximity is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Doximity'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.