Doximity Stock Market Value

DOCS
 Stock
  

USD 31.65  0.74  2.28%   

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


Is Doximity Inc'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 Inc. 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 Inc 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 YOY
(0.29) 
Market Capitalization
6.1 B
Quarterly Revenue Growth YOY
0.29
Return On Assets
0.0774
Return On Equity
0.17
The market value of Doximity Inc Cl 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 Inc's value that differs from its market value or its book value, called intrinsic value, which is Doximity Inc'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 Inc's market value can be influenced by many factors that don't directly affect Doximity Inc'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 Inc's value and its price as these two are different measures arrived at by different means. Investors typically determine Doximity Inc value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Doximity Inc'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.

Doximity Inc '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 Doximity Inc'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 Doximity Inc.
0.00
10/27/2022
No Change 0.00  0.0 
In 31 days
11/26/2022
0.00
If you would invest  0.00  in Doximity Inc on October 27, 2022 and sell it all today you would earn a total of 0.00 from holding Doximity Inc Cl or generate 0.0% return on investment in Doximity Inc over 30 days. Doximity, Inc. operates a cloud-based digital platform for medical professionals in the United States More

Doximity Inc 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 Doximity Inc'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 Doximity Inc Cl upside and downside potential and time the market with a certain degree of confidence.

Doximity Inc Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Doximity Inc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Doximity Inc's standard deviation. In reality, there are many statistical measures that can use Doximity Inc historical prices to predict the future Doximity Inc's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Doximity Inc'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 Doximity Inc in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
26.2331.6537.07
Details
Intrinsic
Valuation
LowReal ValueHigh
28.4940.7746.19
Details
10 Analysts
Consensus
LowTarget PriceHigh
58.0074.1190.00
Details
Earnings
Estimates (3)
LowProjected EPSHigh
0.410.440.49
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Doximity Inc. Your research has to be compared to or analyzed against Doximity Inc's peers to derive any actionable benefits. When done correctly, Doximity Inc'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 Doximity Inc Cl.

Doximity Inc Cl Backtested Returns

We consider Doximity Inc not too volatile. Doximity Inc Cl secures Sharpe Ratio (or Efficiency) of 0.0177, which denotes the company had 0.0177% of return per unit of risk over the last 3 months. Our standpoint towards predicting the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Doximity Inc Cl, which you can use to evaluate the future volatility of the firm. Please confirm Doximity Inc Cl Coefficient Of Variation of 20248.0, downside deviation of 3.63, and Mean Deviation of 3.11 to check if the risk estimate we provide is consistent with the expected return of 0.0961%.
Doximity Inc has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.2604, which means a somewhat significant risk relative to the market. Let's try to break down what Doximity'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, Doximity Inc will likely underperform. Although it is important to respect Doximity Inc Cl historical returns, it is better to be realistic regarding the information on the equity's current trending patterns. The philosophy towards predicting future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By reviewing Doximity Inc Cl technical indicators, you can presently evaluate if the expected return of 0.0961% will be sustainable into the future. Doximity Inc Cl right now shows a risk of 5.42%. Please confirm Doximity Inc Cl jensen alpha and downside variance to decide if Doximity Inc Cl will be following its price patterns.

Auto-correlation

    
  0.24  

Weak predictability

Doximity Inc Cl has weak predictability. Overlapping area represents the amount of predictability between Doximity Inc time series from 27th of October 2022 to 11th of November 2022 and 11th of November 2022 to 26th 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 Doximity Inc Cl price movement. The serial correlation of 0.24 indicates that over 24.0% of current Doximity Inc price fluctuation can be explain by its past prices.
Correlation Coefficient0.24
Spearman Rank Test-0.25
Residual Average0.0
Price Variance1.09

Doximity Inc Cl lagged returns against current returns

Autocorrelation, which is Doximity Inc 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 Doximity Inc's stock expected returns. We can calculate the autocorrelation of Doximity Inc returns to help us make a trade decision. For example, suppose you find that Doximity Inc 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   
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       Timeline  

Doximity Inc 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 Doximity Inc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Doximity Inc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Doximity Inc stock over time.
   Current vs Lagged Prices   
Share
       Timeline  

Doximity Inc Lagged Returns

When evaluating Doximity Inc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Doximity Inc stock have on its future price. Doximity Inc 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, Doximity Inc autocorrelation shows the relationship between Doximity Inc stock current value and its past values and can show if there is a momentum factor associated with investing in Doximity Inc Cl.
   Regressed Prices   
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       Timeline  

Doximity Inc Investors Sentiment

The influence of Doximity Inc'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 Doximity. 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 Doximity Inc's public news can be used to forecast risks associated with investment in Doximity. The trend in average sentiment can be used to explain how an investor holding Doximity can time the market purely based on public headlines and social activities around Doximity Inc Cl. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Doximity Inc'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 Doximity Inc'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 Doximity Inc's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Doximity Inc.
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 Doximity Inc 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, Doximity Inc's short interest history, or implied volatility extrapolated from Doximity Inc options trading.

Pair Trading with Doximity Inc

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 Doximity Inc 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 Doximity Inc will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Doximity Inc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Doximity Inc 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 Doximity Inc - 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 Doximity Inc Cl to buy it.
The correlation of Doximity Inc 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 Doximity Inc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Doximity Inc Cl 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 Doximity Inc 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 Doximity Inc Correlation, Doximity Inc Volatility and Doximity Inc Alpha and Beta module to complement your research on Doximity Inc. Note that the Doximity Inc Cl information on this page should be used as a complementary analysis to other Doximity Inc'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 Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.

Complementary Tools for Doximity Stock analysis

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