Digital Health Acquisition Stock Net Asset
| DHAC Stock | USD 12.00 0.00 0.00% |
Digital Health Acquisition fundamentals help investors to digest information that contributes to Digital Health's financial success or failures. It also enables traders to predict the movement of Digital Stock. The fundamental analysis module provides a way to measure Digital Health's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Digital Health stock.
Digital |
Digital Health Acquisition Company Net Asset Analysis
Digital Health's Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Current Digital Health Net Asset | 1.37 M |
Most of Digital Health's fundamental indicators, such as Net Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Digital Health Acquisition is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Digital Net Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for Digital Health is extremely important. It helps to project a fair market value of Digital Stock properly, considering its historical fundamentals such as Net Asset. Since Digital Health's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Digital Health's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Digital Health's interrelated accounts and indicators.
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Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
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Digital Total Assets
Total Assets |
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Based on the recorded statements, Digital Health Acquisition has a Net Asset of 1.37 M. This is much higher than that of the Capital Markets sector and significantly higher than that of the Financials industry. The net asset for all United States stocks is notably lower than that of the firm.
Digital Health Institutional Holders
Institutional Holdings refers to the ownership stake in Digital Health that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Digital Health's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Digital Health's value.| Shares | Clear Street Llc | 2023-12-31 | 36.3 K | Periscope Capital Inc. | 2023-12-31 | 0.0 | Caas Capital Management Lp | 2023-12-31 | 0.0 | Kim, Llc | 2023-12-31 | 0.0 | Cnh Partners, Llc | 2023-12-31 | 0.0 | Shaolin Capital Management Llc | 2023-12-31 | 0.0 |
Digital Fundamentals
| Return On Asset | -0.36 | ||||
| Current Valuation | 47.44 M | ||||
| Shares Outstanding | 3.6 M | ||||
| Shares Owned By Insiders | 80.63 % | ||||
| Shares Owned By Institutions | 14.90 % | ||||
| Number Of Shares Shorted | 7.24 K | ||||
| EBITDA | (2.59 M) | ||||
| Net Income | (4.41 M) | ||||
| Cash And Equivalents | 44.97 K | ||||
| Cash Per Share | 0.01 X | ||||
| Total Debt | 4.26 M | ||||
| Debt To Equity | 7.49 % | ||||
| Current Ratio | 0.07 X | ||||
| Book Value Per Share | (3.40) X | ||||
| Cash Flow From Operations | (962.04 K) | ||||
| Short Ratio | 0.55 X | ||||
| Earnings Per Share | (1.08) X | ||||
| Beta | 0.033 | ||||
| Market Capitalization | 43.25 M | ||||
| Total Asset | 1.37 M | ||||
| Retained Earnings | (12.82 M) | ||||
| Working Capital | (7.98 M) | ||||
| Net Asset | 1.37 M |
About Digital Health Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Digital Health Acquisition's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Digital Health using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Digital Health Acquisition based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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 Health 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 Health's short interest history, or implied volatility extrapolated from Digital Health options trading.
Pair Trading with Digital Health
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 Health 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 Health will appreciate offsetting losses from the drop in the long position's value.Moving against Digital Stock
| 0.57 | BN | Brookfield Corp | PairCorr |
| 0.49 | V | Visa Class A Financial Report 23rd of July 2024 | PairCorr |
| 0.46 | CNNE | Cannae Holdings Financial Report 14th of May 2024 | PairCorr |
The ability to find closely correlated positions to Digital Health 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 Health 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 Health - 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 Health Acquisition to buy it.
The correlation of Digital Health 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 Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Digital Health Acqui 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 Health 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 Digital Health Piotroski F Score and Digital Health Altman Z Score analysis. Note that the Digital Health Acqui information on this page should be used as a complementary analysis to other Digital Health'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 Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Complementary Tools for Digital Stock analysis
When running Digital Health's price analysis, check to measure Digital Health'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 Digital Health is operating at the current time. Most of Digital Health's value examination focuses on studying past and present price action to predict the probability of Digital Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Digital Health's price. Additionally, you may evaluate how the addition of Digital Health to your portfolios can decrease your overall portfolio volatility.
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Is Digital Health'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 Digital Health. If investors know Digital 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 Digital Health listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.08) | Return On Assets (0.36) |
The market value of Digital Health Acqui is measured differently than its book value, which is the value of Digital that is recorded on the company's balance sheet. Investors also form their own opinion of Digital Health's value that differs from its market value or its book value, called intrinsic value, which is Digital Health'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 Digital Health's market value can be influenced by many factors that don't directly affect Digital Health'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 Digital Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if Digital Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Digital Health'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.