Doubleverify Holdings Stock Market Value
| DV Stock | USD 29.30 1.30 4.25% |
| Symbol | DoubleVerify |
DoubleVerify Holdings Price To Book Ratio
Is DoubleVerify Holdings' 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 DoubleVerify Holdings. If investors know DoubleVerify 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 DoubleVerify Holdings 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 0.891 | Earnings Share 0.41 | Revenue Per Share 3.412 | Quarterly Revenue Growth 0.289 | Return On Assets 0.0477 |
The market value of DoubleVerify Holdings is measured differently than its book value, which is the value of DoubleVerify that is recorded on the company's balance sheet. Investors also form their own opinion of DoubleVerify Holdings' value that differs from its market value or its book value, called intrinsic value, which is DoubleVerify Holdings' 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 DoubleVerify Holdings' market value can be influenced by many factors that don't directly affect DoubleVerify Holdings' 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 DoubleVerify Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if DoubleVerify Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DoubleVerify Holdings' 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.
DoubleVerify Holdings '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 DoubleVerify Holdings' 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 DoubleVerify Holdings.
| 04/01/2024 |
| 05/01/2024 |
If you would invest 0.00 in DoubleVerify Holdings on April 1, 2024 and sell it all today you would earn a total of 0.00 from holding DoubleVerify Holdings or generate 0.0% return on investment in DoubleVerify Holdings over 30 days. DoubleVerify Holdings is related to or competes with Snowflake, C3 Ai, and Gitlab. DoubleVerify Holdings, Inc. provides a software platform for digital media measurement, data, and analytics in the Unite... More
DoubleVerify Holdings 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 DoubleVerify Holdings' 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 DoubleVerify Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 24.44 | |||
| Value At Risk | (4.25) | |||
| Potential Upside | 2.9 |
DoubleVerify Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DoubleVerify Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DoubleVerify Holdings' standard deviation. In reality, there are many statistical measures that can use DoubleVerify Holdings historical prices to predict the future DoubleVerify Holdings' volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.51) | |||
| Total Risk Alpha | (0.71) | |||
| Treynor Ratio | (0.31) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of DoubleVerify Holdings' 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.
DoubleVerify Holdings Backtested Returns
DoubleVerify Holdings secures Sharpe Ratio (or Efficiency) of -0.13, which denotes the company had a -0.13% return per unit of risk over the last 3 months. DoubleVerify Holdings exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm DoubleVerify Holdings' Mean Deviation of 1.93, variance of 11.74, and Standard Deviation of 3.43 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.41, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, DoubleVerify Holdings will likely underperform. DoubleVerify Holdings has an expected return of -0.46%. Please make sure to confirm DoubleVerify Holdings treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if DoubleVerify Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.41 |
Average predictability
DoubleVerify Holdings has average predictability. Overlapping area represents the amount of predictability between DoubleVerify Holdings time series from 1st of April 2024 to 16th of April 2024 and 16th of April 2024 to 1st of May 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of DoubleVerify Holdings price movement. The serial correlation of 0.41 indicates that just about 41.0% of current DoubleVerify Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
DoubleVerify Holdings lagged returns against current returns
Autocorrelation, which is DoubleVerify Holdings 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 DoubleVerify Holdings' stock expected returns. We can calculate the autocorrelation of DoubleVerify Holdings returns to help us make a trade decision. For example, suppose you find that DoubleVerify Holdings 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 price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
DoubleVerify Holdings 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 DoubleVerify Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DoubleVerify Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DoubleVerify Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
DoubleVerify Holdings Lagged Returns
When evaluating DoubleVerify Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DoubleVerify Holdings stock have on its future price. DoubleVerify Holdings 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, DoubleVerify Holdings autocorrelation shows the relationship between DoubleVerify Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in DoubleVerify Holdings.
Regressed Prices |
| Timeline |
Pair Trading with DoubleVerify Holdings
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 DoubleVerify Holdings 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 DoubleVerify Holdings will appreciate offsetting losses from the drop in the long position's value.Moving together with DoubleVerify Stock
| 0.92 | U | Unity Software Aggressive Push | PairCorr |
| 0.77 | DT | Dynatrace Holdings LLC Potential Growth | PairCorr |
Moving against DoubleVerify Stock
| 0.81 | VERX | Vertex Financial Report 8th of May 2024 | PairCorr |
| 0.78 | DUOL | Duolingo Financial Report 14th of May 2024 | PairCorr |
| 0.76 | ML | MoneyLion Financial Report 14th of May 2024 | PairCorr |
| 0.67 | DPSI | DecisionPoint Systems Financial Report 20th of May 2024 | PairCorr |
| 0.65 | DJCO | Daily Journal Corp | PairCorr |
The ability to find closely correlated positions to DoubleVerify Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DoubleVerify Holdings 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 DoubleVerify Holdings - 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 DoubleVerify Holdings to buy it.
The correlation of DoubleVerify Holdings is a statistical measure of how it moves in relation to other instruments. 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 DoubleVerify Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DoubleVerify Holdings 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 DoubleVerify Holdings 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.Check out DoubleVerify Holdings Correlation, DoubleVerify Holdings Volatility and DoubleVerify Holdings Alpha and Beta module to complement your research on DoubleVerify Holdings. For more information on how to buy DoubleVerify Stock please use our How to Invest in DoubleVerify Holdings guide.You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Complementary Tools for DoubleVerify Stock analysis
When running DoubleVerify Holdings' price analysis, check to measure DoubleVerify Holdings' 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 DoubleVerify Holdings is operating at the current time. Most of DoubleVerify Holdings' value examination focuses on studying past and present price action to predict the probability of DoubleVerify Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DoubleVerify Holdings' price. Additionally, you may evaluate how the addition of DoubleVerify Holdings to your portfolios can decrease your overall portfolio volatility.
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DoubleVerify Holdings 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.