Definitive Stock Market Value

DH
 Stock
  

USD 10.91  0.19  1.71%   

Definitive Healthcare's market value is the price at which a share of Definitive Healthcare stock trades on a public exchange. It measures the collective expectations of Definitive Healthcare Corp investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Definitive Healthcare Corp and determine expected loss or profit from investing in Definitive Healthcare over a given investment horizon. Continue to Definitive Healthcare Correlation, Definitive Healthcare Volatility and Definitive Healthcare Alpha and Beta module to complement your research on Definitive Healthcare.
Symbol


Is Definitive Healthcare'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 Definitive Healthcare. If investors know Definitive 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 Definitive Healthcare listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
1.2 B
Quarterly Revenue Growth YOY
0.33
Return On Assets
(0.0108) 
Return On Equity
(0.0317) 
The market value of Definitive Healthcare is measured differently than its book value, which is the value of Definitive that is recorded on the company's balance sheet. Investors also form their own opinion of Definitive Healthcare's value that differs from its market value or its book value, called intrinsic value, which is Definitive Healthcare'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 Definitive Healthcare's market value can be influenced by many factors that don't directly affect Definitive Healthcare'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 Definitive Healthcare's value and its price as these two are different measures arrived at by different means. Investors typically determine Definitive Healthcare value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Definitive Healthcare'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.

Definitive Healthcare 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Definitive Healthcare's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Definitive Healthcare.
0.00
12/08/2020
No Change 0.00  0.0 
In 1 year 11 months and 22 days
11/28/2022
0.00
If you would invest  0.00  in Definitive Healthcare on December 8, 2020 and sell it all today you would earn a total of 0.00 from holding Definitive Healthcare Corp or generate 0.0% return on investment in Definitive Healthcare over 720 days. Definitive Healthcare is related to or competes with Think Resh, Healthequity, and Starco Brands. Definitive Healthcare Corp., together with its subsidiaries, provides healthcare commercial intelligence in the United S... More

Definitive Healthcare Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Definitive Healthcare's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Definitive Healthcare Corp upside and downside potential and time the market with a certain degree of confidence.

Definitive Healthcare Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Definitive Healthcare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Definitive Healthcare's standard deviation. In reality, there are many statistical measures that can use Definitive Healthcare historical prices to predict the future Definitive Healthcare's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Definitive Healthcare's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Definitive Healthcare in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
6.3711.1715.97
Details
Intrinsic
Valuation
LowReal ValueHigh
9.9019.4224.22
Details
Naive
Forecast
LowNext ValueHigh
7.9412.7417.54
Details
9 Analysts
Consensus
LowTarget PriceHigh
36.0044.8850.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Definitive Healthcare. Your research has to be compared to or analyzed against Definitive Healthcare's peers to derive any actionable benefits. When done correctly, Definitive Healthcare's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Definitive Healthcare.

Definitive Healthcare Backtested Returns

Definitive Healthcare secures Sharpe Ratio (or Efficiency) of -0.17, which denotes the company had -0.17% of return per unit of risk over the last 3 months. Macroaxis standpoint towards predicting the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Definitive Healthcare Corp exposes twenty-eight different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Definitive Healthcare coefficient of variation of (539.35), and Mean Deviation of 3.38 to check the risk estimate we provide.
The firm shows a Beta (market volatility) of 1.3948, which means a somewhat significant risk relative to the market. Let's try to break down what Definitive's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Definitive Healthcare will likely underperform. Even though it is essential to pay attention to Definitive Healthcare historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy towards predicting any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Definitive Healthcare Corp exposes twenty-eight different technical indicators, which can help you to evaluate its performance. Definitive Healthcare has an expected return of -0.82%. Please be advised to confirm Definitive Healthcare coefficient of variation, maximum drawdown, skewness, as well as the relationship between the total risk alpha and downside variance to decide if Definitive Healthcare performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.49  

Average predictability

Definitive Healthcare Corp has average predictability. Overlapping area represents the amount of predictability between Definitive Healthcare time series from 8th of December 2020 to 3rd of December 2021 and 3rd of December 2021 to 28th of November 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Definitive Healthcare price movement. The serial correlation of 0.49 indicates that about 49.0% of current Definitive Healthcare price fluctuation can be explain by its past prices.
Correlation Coefficient0.49
Spearman Rank Test0.63
Residual Average0.0
Price Variance11.44

Definitive Healthcare lagged returns against current returns

Autocorrelation, which is Definitive Healthcare stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Definitive Healthcare's stock expected returns. We can calculate the autocorrelation of Definitive Healthcare returns to help us make a trade decision. For example, suppose you find that Definitive Healthcare stock has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
   Current and Lagged Values   
Share
       Timeline  

Definitive Healthcare regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Definitive Healthcare stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Definitive Healthcare stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Definitive Healthcare stock over time.
   Current vs Lagged Prices   
Share
       Timeline  

Definitive Healthcare Lagged Returns

When evaluating Definitive Healthcare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Definitive Healthcare stock have on its future price. Definitive Healthcare autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Definitive Healthcare autocorrelation shows the relationship between Definitive Healthcare stock current value and its past values and can show if there is a momentum factor associated with investing in Definitive Healthcare Corp.
   Regressed Prices   
Share
       Timeline  

Definitive Healthcare Investors Sentiment

The influence of Definitive Healthcare'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 Definitive. 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.
Investor biases related to Definitive Healthcare's public news can be used to forecast risks associated with investment in Definitive. The trend in average sentiment can be used to explain how an investor holding Definitive can time the market purely based on public headlines and social activities around Definitive Healthcare Corp. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Definitive Healthcare's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Definitive Healthcare's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Definitive Healthcare's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Definitive Healthcare.
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 Definitive Healthcare 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, Definitive Healthcare's short interest history, or implied volatility extrapolated from Definitive Healthcare options trading.

Pair Trading with Definitive Healthcare

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 Definitive Healthcare 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 Definitive Healthcare will appreciate offsetting losses from the drop in the long position's value.

Moving against Definitive Healthcare

-0.68APAApa Corp Potential GrowthPairCorr
-0.65GEOGeo Group Normal TradingPairCorr
-0.61JPMJP Morgan Chase Fiscal Year End 13th of January 2023 PairCorr
The ability to find closely correlated positions to Definitive Healthcare could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Definitive Healthcare 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 Definitive Healthcare - 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 Definitive Healthcare Corp to buy it.
The correlation of Definitive Healthcare is a statistical measure of how it moves in relation to other equities. 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 Definitive Healthcare moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Definitive Healthcare 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 Definitive Healthcare 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.
Pair CorrelationCorrelation Matching
Continue to Definitive Healthcare Correlation, Definitive Healthcare Volatility and Definitive Healthcare Alpha and Beta module to complement your research on Definitive Healthcare. Note that the Definitive Healthcare information on this page should be used as a complementary analysis to other Definitive Healthcare'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 Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.

Complementary Tools for Definitive Stock analysis

When running Definitive Healthcare price analysis, check to measure Definitive Healthcare'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 Definitive Healthcare is operating at the current time. Most of Definitive Healthcare's value examination focuses on studying past and present price action to predict the probability of Definitive Healthcare's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Definitive Healthcare's price. Additionally, you may evaluate how the addition of Definitive Healthcare to your portfolios can decrease your overall portfolio volatility.
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Definitive Healthcare 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 Definitive Healthcare technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Definitive Healthcare 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...