Macroaxis considers Digimarc to be not very risky. Digimarc
secures Sharpe Ratio (or Efficiency) of -0.0466 which denotes Digimarc
had -0.0466% of return per unit of risk over the last 2 months. Macroaxis philosophy towards predicting risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators
. Digimarc Corporation exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Digimarc Coefficient Of Variation
of 2,723 and Mean Deviation of 2.16 to check risk estimate we provide. Macroaxis gives Digimarc performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.0614 which denotes to the fact that as returns on market increase, Digimarc returns are expected to increase less than the market. However during bear market, the loss on holding Digimarc will be expected to be smaller as well.. Even though it is essential to pay attention to Digimarc historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy towards predicting future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Digimarc Corporation exposes twenty-one different technical indicators which can help you to evaluate its performance. Digimarc has expected return of -0.1486%. Please be advised to confirm Digimarc Treynor Ratio, and the relationship between Standard Deviation and Downside Variance to decide if Digimarc past performance will be repeated at some point in the near future.
|15 days auto-correlation|| 0.34 |
Below average predictability
Digimarc Corporation has below average predictability. Overlapping area represents the amount of predictability between Digimarc time series from February 20, 2018 to March 22, 2018 and March 22, 2018 to April 21, 2018. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Digimarc price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Digimarc price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 0.34|
|Spearman Rank Test|| -0.02|
|Price Variance|| 2.33|
|Lagged Price Variance|| 2.07|