Digital Stock Alpha and Beta Analysis

DHAC -  USA Stock  

USD 10.04  0.04  0.40%

This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Digital Health Acquisition. It also helps investors analyze the systematic and unsystematic risks associated with investing in Digital Health over a specified time horizon. Remember, high Digital Health's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation.
Continue to Digital Health Backtesting, Digital Health Valuation, Digital Health Correlation, Digital Health Hype Analysis, Digital Health Volatility, Digital Health History and analyze Digital Health Performance.
  
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Please note that although Digital Health alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., DOW index.) So in this particular case, Digital Health did 0.003522  worse than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of Digital Health Acquisition stock's relative risk over its benchmark. Digital Health Acqui has a beta of 0.0073  . Let's try to break down what Digital's beta means in this case. As returns on the market increase, returns on owning Digital Health are expected to decrease at a much lower rate. During the bear market, Digital Health is likely to outperform the market.
As of May 16, 2022, Book Value per Share is expected to decline to -0.81. In addition to that, Enterprise Value over EBIT is expected to decline to -445.72.
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.

Digital Health Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Digital Health market risk premium is the additional return an investor will receive from holding Digital Health long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Digital Health. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Digital Health's performance over market.
α-0.0035   β-0.0073
90 days against DJI

Digital Health expected buy-and-hold returns

Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Digital Health's Buy-and-hold return. Our buy-and-hold chart shows how Digital Health performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

Digital Health Market Price Analysis

Market price analysis indicators help investors to evaluate how Digital Health 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 Health shares will generate the highest return on investment. By understating and applying Digital Health stock market price indicators, traders can identify Digital Health position entry and exit signals to maximize returns.

Digital Health Return and Market Media

The median price of Digital Health for the period between Tue, Feb 15, 2022 and Mon, May 16, 2022 is 9.99 with a coefficient of variation of 0.27. The daily time series for the period is distributed with a sample standard deviation of 0.03, arithmetic mean of 9.99, and mean deviation of 0.02. The Stock received substential amount of media coverage during this period.
 Price Growth (%)  
      Timeline 
1
Loblaws Shoppers Drug Mart to Acquire Lifemark Health Group ...03/14/2022
2
Acquisitions propel Well Health to record revenues, profits ...03/31/2022
3
Pfizer offers AU100 million for Australian company that deve...04/21/2022
4
Dialogue, LifeSpeak struggle to please shareholders with fir...05/12/2022

About Digital Health Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all equity instruments such as Ford or other stocks, funds, and ETFs. Alpha measures the amount that position in Digital Health Acqui has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.

Digital Health Investors Sentiment

The influence of Digital Health's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Digital. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
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.

Current Sentiment - DHAC

Digital Health Acqui Investor Sentiment

Macroaxis portfolio users are insensible in their opinion about investing in Digital Health Acquisition. What is your opinion about investing in Digital Health Acquisition? Are you bullish or bearish?
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Continue to Digital Health Backtesting, Digital Health Valuation, Digital Health Correlation, Digital Health Hype Analysis, Digital Health Volatility, Digital Health History and analyze Digital Health Performance. 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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Complementary Tools for Digital Stock analysis

When running Digital Health Acqui 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 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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Digital Health 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.
A focus of Digital Health technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Digital Health trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...