Doubledown Interactiveco Stock Technical Analysis
| DDI Stock | USD 11.23 0.19 1.66% |
As of the 24th of April, Doubledown InteractiveCo shows the Mean Deviation of 3.87, coefficient of variation of 1167.32, and Downside Deviation of 4.63. Doubledown InteractiveCo technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to break down nineteen technical drivers for Doubledown InteractiveCo, which can be compared to its peers. Please confirm Doubledown InteractiveCo treynor ratio, as well as the relationship between the potential upside and expected short fall to decide if Doubledown InteractiveCo is priced favorably, providing market reflects its regular price of 11.23 per share. Given that Doubledown InteractiveCo has jensen alpha of 0.4473, we urge you to verify Doubledown InteractiveCo's prevailing market performance to make sure the company can sustain itself at a future point.
Doubledown InteractiveCo Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Doubledown, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to DoubledownDoubledown |
Doubledown InteractiveCo Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 16.81 | Strong Buy | 3 | Odds |
Most Doubledown analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Doubledown stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Doubledown InteractiveCo, talking to its executives and customers, or listening to Doubledown conference calls.
Doubledown InteractiveCo 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.
Doubledown InteractiveCo Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Doubledown InteractiveCo volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Doubledown InteractiveCo Trend Analysis
Use this graph to draw trend lines for Doubledown InteractiveCo. You can use it to identify possible trend reversals for Doubledown InteractiveCo as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Doubledown InteractiveCo price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Doubledown InteractiveCo Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Doubledown InteractiveCo applied against its price change over selected period. The best fit line has a slop of 0.01 , which may imply that Doubledown InteractiveCo will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 1.47, which is the sum of squared deviations for the predicted Doubledown InteractiveCo price change compared to its average price change.About Doubledown InteractiveCo Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Doubledown InteractiveCo on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Doubledown InteractiveCo based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Doubledown InteractiveCo price pattern first instead of the macroeconomic environment surrounding Doubledown InteractiveCo. By analyzing Doubledown InteractiveCo's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Doubledown InteractiveCo's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Doubledown InteractiveCo specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2023 | 2024 (projected) | Days Sales Outstanding | 21.98 | 24.1 | 41.15 | 21.26 | PTB Ratio | 0.83 | 0.67 | 0.48 | 0.45 |
Doubledown InteractiveCo April 24, 2024 Technical Indicators
Most technical analysis of Doubledown help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Doubledown from various momentum indicators to cycle indicators. When you analyze Doubledown charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0623 | |||
| Market Risk Adjusted Performance | 2.05 | |||
| Mean Deviation | 3.87 | |||
| Semi Deviation | 4.0 | |||
| Downside Deviation | 4.63 | |||
| Coefficient Of Variation | 1167.32 | |||
| Standard Deviation | 5.57 | |||
| Variance | 30.98 | |||
| Information Ratio | 0.0685 | |||
| Jensen Alpha | 0.4473 | |||
| Total Risk Alpha | (0.29) | |||
| Sortino Ratio | 0.0825 | |||
| Treynor Ratio | 2.04 | |||
| Maximum Drawdown | 32.79 | |||
| Value At Risk | (6.47) | |||
| Potential Upside | 9.27 | |||
| Downside Variance | 21.39 | |||
| Semi Variance | 15.98 | |||
| Expected Short fall | (4.43) | |||
| Skewness | 1.07 | |||
| Kurtosis | 3.0 |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Doubledown InteractiveCo. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. For more detail on how to invest in Doubledown Stock please use our How to Invest in Doubledown InteractiveCo guide.Note that the Doubledown InteractiveCo information on this page should be used as a complementary analysis to other Doubledown InteractiveCo'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 Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Complementary Tools for Doubledown Stock analysis
When running Doubledown InteractiveCo's price analysis, check to measure Doubledown InteractiveCo'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 Doubledown InteractiveCo is operating at the current time. Most of Doubledown InteractiveCo's value examination focuses on studying past and present price action to predict the probability of Doubledown InteractiveCo's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Doubledown InteractiveCo's price. Additionally, you may evaluate how the addition of Doubledown InteractiveCo to your portfolios can decrease your overall portfolio volatility.
| Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Bonds Directory Find actively traded corporate debentures issued by US companies |
Is Doubledown InteractiveCo'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 Doubledown InteractiveCo. If investors know Doubledown 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 Doubledown InteractiveCo 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 0.28 | Earnings Share 2.04 | Revenue Per Share 8.1 K | Quarterly Revenue Growth 0.034 | Return On Assets 0.0908 |
The market value of Doubledown InteractiveCo is measured differently than its book value, which is the value of Doubledown that is recorded on the company's balance sheet. Investors also form their own opinion of Doubledown InteractiveCo's value that differs from its market value or its book value, called intrinsic value, which is Doubledown InteractiveCo'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 Doubledown InteractiveCo's market value can be influenced by many factors that don't directly affect Doubledown InteractiveCo'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 Doubledown InteractiveCo's value and its price as these two are different measures arrived at by different means. Investors typically determine if Doubledown InteractiveCo is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Doubledown InteractiveCo'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.