Digirad Backtesting

Digirad Corporation -- USA Stock  

USD 1.71  0.04  2.29%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Digirad Corporation and determine expected loss or profit from investing in Digirad over given investment horizon. Additionally see Digirad Hype Analysis, Digirad Correlation, Digirad Valuation, Digirad Volatility as well as analyze Digirad Alpha and Beta and Digirad Performance
 Time Horizon     30 Days    Login   to change

Digirad 'What if' Analysis

February 20, 2018
No Change 0.00  0.0%
In 31 days
March 22, 2018
If you would invest  0.00  in Digirad on February 20, 2018 and sell it all today you would earn a total of 0.00 from holding Digirad Corporation or generate 0.0% return on investment in Digirad over 30 days. Digirad is related to or competes with Edwards Lifesciences, EndoChoice Holdings, DarioHealth Corp. Digirad Corporation provides healthcare solutions in the United States

Digirad Upside/Downside Indicators


Digirad Market Premium Indicators

Digirad lagged returns against current returns

 Current and Lagged Values 

Digirad regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Digirad Backtested Returns

Macroaxis considers Digirad to be extremely risky. Digirad secures Sharpe Ratio (or Efficiency) of -0.2689 which denotes Digirad had -0.2689% of return per unit of risk over the last 1 month. 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. Digirad Corporation exposes twenty-eight different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Digirad Coefficient Of Variation of 371.95 and Mean Deviation of 3.3 to check risk estimate we provide. Macroaxis gives Digirad performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of 1.2358 which denotes to the fact that as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Digirad will likely underperform.. Even though it is essential to pay attention to Digirad 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. Digirad Corporation exposes twenty-eight different technical indicators which can help you to evaluate its performance. Digirad has expected return of -1.1447%. Please be advised to confirm Digirad Coefficient Of Variation, Maximum Drawdown, Skewness, as well as the relationship between Total Risk Alpha and Downside Variance to decide if Digirad past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.74 

Good predictability

Digirad Corporation has good predictability. Overlapping area represents the amount of predictability between Digirad time series from February 20, 2018 to March 7, 2018 and March 7, 2018 to March 22, 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 Digirad price movement. The serial correlation of 0.74 indicates that around 74.0% of current Digirad price fluctuation can be explain by its past prices.
Correlation Coefficient 0.74
Spearman Rank Test 0.69
Price Variance 0.02
Lagged Price Variance 0.02

Digirad Lagged Returns

 Regressed Prices 

Digirad Performance vs DOW

The median price of Digirad for the period between Tue, Feb 20, 2018 and Thu, Mar 22, 2018 is 2.05 with a coefficient of variation of 8.23. The daily time series for the period is distributed with a sample standard deviation of 0.17, arithmetic mean of 2.03, and mean deviation of 0.12. The Stock received some media coverage during the period.
 Price Growth (%)  
Bluefin Trading Has Upped Hsbc Hldgs Plc Stake By 371420 Dig...03/20/2018