Digirad Backtesting

Digirad Corporation -- USA Stock  

USD 2.4  0.2  7.69%

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
Investment Horizon     30 Days    Login   to change

Digirad 'What if' Analysis

September 17, 2017
No Change 0.00  0.0%
In 31 days
October 17, 2017
If you would invest  0.00  in Digirad on September 17, 2017 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, DarioHealth Corp. Digirad Corporation operates in two segments Diagnostic Services and Diagnostic Imaging

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 -0.2321 which denotes Digirad had -0.2321% 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-one 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 (430.83) and Mean Deviation of 3.33 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 -9.0504 which denotes to the fact that as returns on market increase, returns on owning Digirad are expected to decrease by larger amounts. On the other hand, during market turmoil, Digirad is expected to significantly outperform it.. Even though it is essential to pay attention to Digirad historical returns, it is always good to be careful when utilizing equity current trending patternss. 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-one different technical indicators which can help you to evaluate its performance. Digirad has expected return of -1.1667%. Please be advised to confirm Digirad Coefficient Of Variation, Maximum Drawdown, Skewness, as well as the relationship between Information Ratio 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(0.7) 

Very good reverse predictability

Digirad Corporation has very good reverse predictability. Overlapping area represents the amount of predictability between Digirad time series from September 17, 2017 to October 2, 2017 and October 2, 2017 to October 17, 2017. 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 -0.7 indicates that around 70.0% of current Digirad price fluctuation can be explain by its past prices. Given that Digirad Corporation has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Digirad for similar time interval.
Correlation Coefficient -0.7
Spearman Rank Test -0.48
Price Variance 0.12
Lagged Price Variance 0.01

Digirad Lagged Returns

 Regressed Prices 

Digirad Performance vs DOW

The median price of Digirad for the period between Sun, Sep 17, 2017 and Tue, Oct 17, 2017 is 3.25 with a coefficient of variation of 13.07. The daily time series for the period is distributed with a sample standard deviation of 0.4, arithmetic mean of 3.02, and mean deviation of 0.37. The Stock received some media coverage during the period.
Price Growth (%)  
Digirad Corporation to Release 2017 Third Quarter Financial ...10/17/2017