Doximity Stock Performance

DOCS Stock  USD 26.91  0.08  0.30%   
The firm shows a Beta (market volatility) of 1.65, 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, Doximity will likely underperform. Doximity has an expected return of -0.0413%. Please make sure to confirm Doximity value at risk, daily balance of power, as well as the relationship between the Daily Balance Of Power and period momentum indicator , to decide if Doximity performance from the past will be repeated at some point in the near future.

Risk-Adjusted Performance

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Over the last 90 days Doximity has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively stable fundamental indicators, Doximity is not utilizing all of its potentials. The latest stock price uproar, may contribute to short-horizon losses for the private investors. ...more

Actual Historical Performance (%)

One Day Return
(0.30)
Five Day Return
(3.44)
Year To Date Return
(5.78)
Ten Year Return
(49.23)
All Time Return
(49.23)
1
Conversion by Wampler Kira Scherer of 5000 shares of Doximity
01/03/2024
2
Doximity Trying To Close In On Key Technical Benchmark - Investors Business Daily
01/23/2024
3
Conversion by Wampler Kira Scherer of 2500 shares of Doximity
02/02/2024
4
Doximity Announces Fiscal 2024 Third Quarter Financial Results
02/08/2024
5
WINTON GROUP Ltd Has 362,000 Stock Holdings in Doximity, Inc.
02/21/2024
6
Lazard Asset Management LLC Purchases 43,216 Shares of Doximity, Inc.
03/06/2024
7
Doximity, Inc. Investigated Regarding Potential Securities Law Violations - Contact Levi Korsinsky for Details - DOCS
03/07/2024
8
Doximity, Inc. Investigated by Shareholder Rights Advocates - Investors Should Contact Levi Korsinsky Regarding Potential Securities Law Violations - DOCS
03/13/2024
9
Neo Ivy Capital Management Makes New 109000 Investment in Doximity, Inc. - Defense World
03/15/2024
10
Doximity Being Investigated on Behalf of Doximity, Inc. Investors. Contact Levi Korsinsky For Details
03/20/2024
11
Levi Korsinsky Reminds Doximity Investors of the Ongoing Investigation into Potential Violations of Securities Laws - DOCS
03/21/2024
12
Estimating The Fair Value Of Doximity, Inc.
03/26/2024
Begin Period Cash Flow112.8 M
Total Cashflows From Investing Activities-59.9 M
  

Doximity Relative Risk vs. Return Landscape

If you would invest  2,804  in Doximity on December 29, 2023 and sell it today you would lose (113.00) from holding Doximity or give up 4.03% of portfolio value over 90 days. Doximity is currently does not generate positive expected returns and assumes 2.2473% risk (volatility on return distribution) over the 90 days horizon. In different words, 19% of stocks are less volatile than Doximity, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon.
  Expected Return   
       Risk  
Given the investment horizon of 90 days Doximity is expected to under-perform the market. In addition to that, the company is 3.95 times more volatile than its market benchmark. It trades about -0.02 of its total potential returns per unit of risk. The NYSE Composite is currently generating roughly 0.24 per unit of volatility.

Doximity Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Doximity's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Doximity, and traders can use it to determine the average amount a Doximity's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = -0.0184

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Estimated Market Risk

 2.25
  actual daily
19
81% of assets are more volatile

Expected Return

 -0.04
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.02
  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 Fundamentals Growth

Doximity Stock prices reflect investors' perceptions of the future prospects and financial health of Doximity, and Doximity fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Doximity Stock performance.

About Doximity Performance

To evaluate Doximity Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Doximity generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Doximity Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Doximity market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Doximity's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2024
Return On Capital Employed 0.14  0.22 
Return On Assets 0.11  0.17 
Return On Equity 0.12  0.13 

Things to note about Doximity performance evaluation

Checking the ongoing alerts about Doximity for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Doximity help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Doximity generated a negative expected return over the last 90 days
Over 82.0% of the company shares are held by institutions such as insurance companies
Latest headline from simplywall.st: Estimating The Fair Value Of Doximity, Inc.
Evaluating Doximity's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Doximity's stock performance include:
  • Analyzing Doximity's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
  • Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Doximity's stock is overvalued or undervalued compared to its peers.
  • Examining Doximity's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
  • Evaluating Doximity's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Doximity's management team can help you assess the Company's leadership.
  • Pay attention to analyst opinions and ratings of Doximity's stock. These opinions can provide insight into Doximity's potential for growth and whether the stock is currently undervalued or overvalued.
It's essential to remember that evaluating Doximity's stock performance is not an exact science, and many factors can impact Doximity's stock market price. Therefore, it's also important to diversify your portfolio and not rely solely on one company or stock for your investments.
When determining whether Doximity is a strong investment it is important to analyze Doximity's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Doximity's future performance. For an informed investment choice regarding Doximity Stock, refer to the following important reports:
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 Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.

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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.
Quarterly Earnings Growth
0.5
Earnings Share
0.67
Revenue Per Share
2.44
Quarterly Revenue Growth
0.174
Return On Assets
0.0991
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.