Digirad Backtesting

DRAD -- USA Stock  

USD 1.65  0.025  1.54%

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

June 17, 2018
No Change 0.00  0.0%
In 31 days
July 17, 2018
If you would invest  0.00  in Digirad on June 17, 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, Dynatronics, Encision, EDAP TMS, Electromed, and ESCALON MED. Digirad Corporation provides healthcare solutions in the United States

Digirad Upside/Downside Indicators

Downside Deviation2.6
Maximum Drawdown7.58
Value At Risk1.54
Potential Upside3.13

Digirad Market Premium Indicators

Risk Adjusted Performance0.01

Digirad Backtested Returns

Our philosophy towards predicting volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty technical indicators for Digirad Corporation which you can use to evaluate future volatility of the firm. Please confirm Digirad Coefficient Of Variation of 9653.95, Mean Deviation of 1.64 and Downside Deviation of 2.6 to check if risk estimate we provide are consistent with the epected return of 0.0%. Digirad has performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.0 which denotes to the fact that the returns on MARKET and Digirad are completely uncorrelated. Although it is extremely important to respect Digirad historical returns, it is better to be realistic regarding the information on equity current trending patterns. The philosophy towards predicting future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By reviewing Digirad technical indicators you can presently evaluate if the expected return of 0.0% will be sustainable into the future. Digirad right now shows a risk of 0.0%. Please confirm Digirad Coefficient Of Variation, Value At Risk, Kurtosis, as well as the relationship between Information Ratio and Semi Variance to decide if Digirad will be following its price patterns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.00 

No correlation between past and present

Digirad Corporation has no correlation between past and present. Overlapping area represents the amount of predictability between Digirad time series from June 17, 2018 to July 2, 2018 and July 2, 2018 to July 17, 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 0.0 indicates that just 0.0% of current Digirad price fluctuation can be explain by its past prices.
Average Price 1.65
Lagged Average Price 1.65

Digirad lagged returns against current returns

 Current and Lagged Values 

Digirad regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Digirad Lagged Returns

 Regressed Prices 

Current Sentiment - DRAD

Digirad Investor Sentiment
Most of Macroaxis users are currently bullish on Digirad Corporation. What is your opinion about investing in Digirad Corporation? Are you bullish or bearish?
98% Bullish
2% Bearish

Pair Correlation

Equities Pair Trading Analysis
Correlation analysis and pair trading evaluation for Digirad and Edwards Lifesciences. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
Run Pair Correlation  
Additionally see Digirad Hype Analysis, Digirad Correlation, Digirad Valuation, Digirad Volatility as well as analyze Digirad Alpha and Beta and Digirad Performance. Please also try Financial Widgets module to easily integrated macroaxis content with over 30 different plug-and-play financial widgets.