Digital Etf Profile

DWAC
 Etf
  

USD 22.57  1.80  7.39%   

Market Performance
0 of 100
Odds Of Distress
Less than 3
Digital World is trading at 22.57 as of the 30th of June 2022, a -7.39 percent decrease since the beginning of the trading day. The etf's open price was 24.37. Digital World has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Digital World Acquisition are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 31st of May 2022 and ending today, the 30th of June 2022. Please note, there could be an existing legal relationship between Digital World Acquisition (DWAC) and Digital World Acquisition (DWACU). Click here to learn more.
Digital World Acquisition Corp. does not have significant operations. Digital World is listed under Shell Companies in the United States and is traded on NASDAQ Exchange exchange. The company has 30.03 M outstanding shares. More on Digital World Acquisition

Moving together with Digital World

0.79ACMAecom Technology Corp Fiscal Year End 21st of November 2022 PairCorr
0.68AIRAAR Corp Financial Report 19th of July 2022 PairCorr

Digital World Etf Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. If you consider yourself one of those investors, make sure you clearly understand your entering position. Digital World's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Digital World or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Digital World generated a negative expected return over the last 90 days
Digital World has high historical volatility and very poor performance
The company currently holds 82.46 K in liabilities with Debt to Equity (D/E) ratio of 3.47, implying the company greatly relies on financing operations through barrowing. Digital World Acquisition has a current ratio of 0.81, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Digital World until it has trouble settling it off, either with new capital or with free cash flow. So, Digital World's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Digital World Acquisition sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Digital to invest in growth at high rates of return. When we think about Digital World's use of debt, we should always consider it together with cash and equity.
Net Loss for the year was (1.38 M).
Digital World Acquisition currently holds about 327.73 K in cash with (1.11 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01.
Latest headline from www.nasdaq.com: Top Stock Market News For Today June 15, 2022 - Nasdaq
The fund retains roughly 62.78% of its assets under management (AUM) in fixed income securities
Related EntityDWACU (Digital World Acquisition)
Fama & French Classification
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Digital World's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong SellFairly Valued
Float Shares30.03M
Most Recent Quarter31st of December 2021
Two Hundred Day Average54.55
Next Fiscal Year End31st of December 2023
Average Daily Volume In Three Month2.09M
Fifty Two Week Low9.84
Quick Ratio0.48
Average Daily Volume Last 10 Day1.24M
Fifty Two Week High175
Last Fiscal Year End31st of December 2021
Fifty Day Average42.21
Digital World Acquisition [DWAC] is traded in USA and was established 2016-09-20. Digital World is listed under Trading category by Fama And French industry classification. The fund is listed under null category and is part of Elkhorn family. Digital World Acquisition currently have 2.5 M in assets under management (AUM). , while the total return for the last year was 4.48%. Digital World Acquisition currently holds about 327.73 K in cash with (1.11 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01.
Check Digital World Probability Of Bankruptcy

Sector Allocation (%)

Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Digital Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Digital Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Digital World Acquisition Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.

Digital World Target Price Odds Analysis

What are Digital World's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Digital World jumping above the current price in 90 days from now is about 98.0%. The Digital World Acquisition probability density function shows the probability of Digital World etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Digital World has a beta of 0.7888 suggesting as returns on the market go up, Digital World average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Digital World Acquisition will be expected to be much smaller as well. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Digital World Acquisition is significantly underperforming DOW.
  Odds Below 22.57HorizonTargetOdds Above 22.57
2.15%90 days
 22.57 
97.84%
Based on a normal probability distribution, the odds of Digital World to move above the current price in 90 days from now is about 98.0 (This Digital World Acquisition probability density function shows the probability of Digital Etf to fall within a particular range of prices over 90 days) .

Digital World Historical Income Statement

Digital World Acquisition Income Statement is one of the three primary financial statements used for reporting Digital's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Digital World Acquisition revenue and expense. Digital World Income Statement primarily focuses on the company's revenues and expenses during a particular period.
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Digital World Against Markets

Picking the right benchmark for Digital World etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Digital World etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Digital World is critical whether you are bullish or bearish towards Digital World Acquisition at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Digital World without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Investing Digital World Acquisition

You need to understand the risk of investing before taking a position in Digital World. The danger of trading Digital World Acquisition is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Digital World is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Digital World. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Digital World Acquisition is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Continue to Investing Opportunities. Note that the Digital World Acquisition information on this page should be used as a complementary analysis to other Digital World'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 Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.

Complementary Tools for Digital Etf analysis

When running Digital World Acquisition price analysis, check to measure Digital World'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 World is operating at the current time. Most of Digital World's value examination focuses on studying past and present price action to predict the probability of Digital World's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Digital World's price. Additionally, you may evaluate how the addition of Digital World to your portfolios can decrease your overall portfolio volatility.
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The market value of Digital World Acquisition is measured differently than its book value, which is the value of Digital that is recorded on the company's balance sheet. Investors also form their own opinion of Digital World's value that differs from its market value or its book value, called intrinsic value, which is Digital World'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 Digital World's market value can be influenced by many factors that don't directly affect Digital World'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 Digital World's value and its price as these two are different measures arrived at by different means. Investors typically determine Digital World value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Digital World'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.