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 Flow | 112.8 M | |
Total Cashflows From Investing Activities | -59.9 M |
Doximity |
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 |
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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Negative Returns | DOCS |
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.
Return On Equity | 0.15 | ||||
Return On Asset | 0.0991 | ||||
Current Valuation | 4.32 B | ||||
Shares Outstanding | 122.16 M | ||||
Price To Earning | 67.68 X | ||||
Price To Book | 5.81 X | ||||
Price To Sales | 10.72 X | ||||
Revenue | 419.05 M | ||||
Gross Profit | 365.56 M | ||||
EBITDA | 135.39 M | ||||
Net Income | 112.82 M | ||||
Cash Per Share | 4.01 X | ||||
Debt To Equity | 0.01 % | ||||
Current Ratio | 7.24 X | ||||
Cash Flow From Operations | 179.6 M | ||||
Earnings Per Share | 0.67 X | ||||
Total Asset | 1.14 B | ||||
Retained Earnings | 217.85 M | ||||
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 Reported | Projected 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. |
- 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.
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.
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.
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.