Digipath Stock Price on April 29, 2024
| DIGP Stock | USD 0.03 0 14.48% |
If you're considering investing in Digipath Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of Digipath stands at 0.03, as last reported on the 3rd of June, with the highest price reaching 0.03 and the lowest price hitting 0.02 during the day. Digipath is out of control given 3 months investment horizon. Digipath secures Sharpe Ratio (or Efficiency) of 0.11, which denotes the company had a 0.11% return per unit of risk over the last 3 months. We were able to analyze and collect data for thirty different technical indicators, which can help you to evaluate if expected returns of 1.51% are justified by taking the suggested risk. Use Digipath Coefficient Of Variation of 964.83, downside deviation of 10.95, and Mean Deviation of 8.35 to evaluate company specific risk that cannot be diversified away.
Digipath Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
Digipath |
Sharpe Ratio = 0.1054
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Estimated Market Risk
| 14.34 actual daily | 96 96% of assets are less volatile |
Expected Return
| 1.51 actual daily | 29 71% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average Digipath is performing at about 8% 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 Digipath by adding it to a well-diversified portfolio.
Digipath Valuation on April 29, 2024
It is possible to determine the worth of Digipath on a given historical date. On April 29, 2024 Digipath was worth 0.0329 at the beginning of the trading date compared to the closed value of 0.0314. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Digipath pink sheet. Still, in general, we apply an absolute valuation method to find Digipath's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Digipath where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Digipath's related companies.
| Open | High | Low | Close | Volume | |
| 0.03 | 0.03 | 0.03 | 0.03 | 10,850 | |
04/29/2024 | 0.03 | 0.03 | 0.03 | 0.03 | 51,700 |
| 0.03 | 0.04 | 0.03 | 0.03 | 50,650 |
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Digipath Trading Date Momentum on April 29, 2024
| On April 30 2024 Digipath was traded for 0.03 at the closing time. The top price for the day was 0.04 and the lowest listed price was 0.03 . The trading volume for the day was 50.6 K. The trading history from April 30, 2024 was a factor to the next trading day price gain. The overall trading delta against the next closing price was 3.50% . The overall trading delta against the current closing price is 5.10% . |
Digipath Fundamentals Correlations and Trends
By evaluating Digipath's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Digipath's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Digipath financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Digipath Pink Sheet history
Digipath investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Digipath is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Digipath will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Digipath stock prices may prove useful in developing a viable investing in Digipath
Digipath, Inc., together with its subsidiaries, provides cannabis and hemp lab testing services in Las Vegas to Nevada licensed medical marijuana enterprises. Digipath, Inc. was incorporated in 2010 and is headquartered in Las Vegas, Nevada. Digipath operates under Diagnostics Research classification in the United States and is traded on OTC Exchange. It employs 17 people.
Digipath Pink Sheet Technical Analysis
Digipath technical pink sheet 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, pink sheet market cycles, or different charting patterns.
Price Boundaries
Digipath Period Price Range
Low | April 29, 2024
| High |
0.03 | 0.03 |
Digipath June 3, 2024 Market Strength
Market strength indicators help investors to evaluate how Digipath pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Digipath shares will generate the highest return on investment. By undertsting and applying Digipath pink sheet market strength indicators, traders can identify Digipath entry and exit signals to maximize returns
| Accumulation Distribution | 7700.0 | |||
| Daily Balance Of Power | (0.31) | |||
| Rate Of Daily Change | 0.95 | |||
| Day Median Price | 0.0305 | |||
| Day Typical Price | 0.0308 | |||
| Price Action Indicator | 2.0E-4 | |||
| Period Momentum Indicator | (0.01) | |||
| Relative Strength Index | 48.42 |
Digipath Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Digipath's price direction in advance. Along with the technical and fundamental analysis of Digipath Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of Digipath to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0743 | |||
| Jensen Alpha | 1.31 | |||
| Total Risk Alpha | 0.6512 | |||
| Sortino Ratio | 0.1284 | |||
| Treynor Ratio | 0.3973 |
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| Price Transform | ||
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| Volume Indicators |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Digipath. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the Digipath information on this page should be used as a complementary analysis to other Digipath'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 Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Complementary Tools for Digipath Pink Sheet analysis
When running Digipath's price analysis, check to measure Digipath'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 Digipath is operating at the current time. Most of Digipath's value examination focuses on studying past and present price action to predict the probability of Digipath's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Digipath's price. Additionally, you may evaluate how the addition of Digipath to your portfolios can decrease your overall portfolio volatility.
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