Doximity Stock Performance

DOCS
 Stock
  

USD 34.78  0.69  1.95%   

On a scale of 0 to 100, Doximity holds a performance score of 3. The firm shows a Beta (market volatility) of 1.5471, 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 will likely underperform. Although it is vital to follow Doximity historical returns, it is good to be conservative about what you can do with the information regarding equity 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 technical indicators, you can presently evaluate if the expected return of 0.29% will be sustainable into the future. Please utilizes Doximity jensen alpha and downside variance to make a quick decision on whether Doximity price patterns will revert.
  
Doximity Performance
3 of 100
Compared to the overall equity markets, risk-adjusted returns on investments in Doximity are ranked lower than 3 (%) of all global equities and portfolios over the last 90 days. Even with relatively inconsistent fundamental indicators, Doximity reported solid returns over the last few months and may actually be approaching a breakup point. ...more

Doximity Price Channel

Begin Period Cash Flow66393000.00
Total Cashflows From Investing Activities-640574000.00

Doximity Relative Risk vs. Return Landscape

If you would invest  3,218  in Doximity on September 5, 2022 and sell it today you would earn a total of  329.00  from holding Doximity or generate 10.22% return on investment over 90 days. Doximity is currently generating 0.2855% in daily expected returns and assumes 5.4698% risk (volatility on return distribution) over the 90 days horizon. In different words, 47% of stocks are less volatile than Doximity, and 95% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon.
  Daily Expected Return (%)  
       Risk (%)  
Given the investment horizon of 90 days Doximity is expected to generate 0.44 times more return on investment than the market. However, the company is 2.29 times less risky than the market. It trades about 0.05 of its potential returns per unit of risk. The NYSE Composite is currently generating roughly -0.11 per unit of 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 = 0.0522

Best
Portfolio
Best
Equity
Good Returns
Average Returns
Small ReturnsDOCS
CashSmall
Risk
Average
Risk
High
Risk
Huge
Risk
Negative Returns
Estimated Market Risk
 5.47
  actual daily
 
 47 %
of total potential
 
4747
Expected Return
 0.29
  actual daily
 
 5 %
of total potential
 
55
Risk-Adjusted Return
 0.05
  actual daily
 
 3 %
of total potential
 
33
Based on monthly moving average Doximity is performing at about 3% of its full potential. 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 it to a well-diversified portfolio.

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.
Doximity, Inc. operates a cloud-based digital platform for medical professionals in the United States. Doximity, Inc. was incorporated in 2010 and is headquartered in San Francisco, California. Doximity Inc operates under Health Information Services classification in the United States and is traded on New York Stock Exchange. It employs 887 people.

Things to note about Doximity

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 Alerts

Equity Alerts and Improvement Suggestions

Doximity has very high historical volatility over the last 90 days
Over 99.0% of the company shares are held by institutions such as insurance companies
Continue to Investing Opportunities. 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 Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.

Complementary Tools for Doximity Stock analysis

When running Doximity 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 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.
Idea Analyzer
Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
Go
Earnings Calls
Check upcoming earnings announcements updated hourly across public exchanges
Go
Commodity Channel Index
Use Commodity Channel Index to analyze current equity momentum
Go
Volatility Analysis
Get historical volatility and risk analysis based on latest market data
Go
Probability Of Bankruptcy
Get analysis of equity chance of financial distress in the next 2 years
Go
Options Analysis
Analyze and evaluate options and option chains as a potential hedge for your portfolios
Go
Companies Directory
Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals
Go
ETF Directory
Find actively traded Exchange Traded Funds (ETF) from around the world
Go
Portfolio Rebalancing
Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
Go
ETF Directory
Find actively traded Exchange Traded Funds (ETF) from around the world
Go
Companies Directory
Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals
Go
Probability Of Bankruptcy
Get analysis of equity chance of financial distress in the next 2 years
Go
Content Syndication
Quickly integrate customizable finance content to your own investment portal
Go
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 YOY
(0.29) 
Market Capitalization
6.8 B
Quarterly Revenue Growth YOY
0.29
Return On Assets
0.0774
Return On Equity
0.17
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 Doximity value 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.