|Horizon||30 Days Login to change|
Digimarc Market Sensitivity
|As returns on market increase, returns on owning Digimarc are expected to decrease at a much smaller rate. During bear market, Digimarc is likely to outperform the market.One Month Beta |Analyze Digimarc Demand TrendCheck current 30 days Digimarc correlation with market (DOW)|
β = -0.5963
Digimarc Technical Analysis
Digimarc Projected Return Density Against MarketGiven the investment horizon of 30 days, Digimarc Corporation has beta of -0.5963 suggesting as returns on benchmark increase, returns on holding Digimarc are expected to decrease at a much smaller rate. During bear market, however, Digimarc Corporation is likely to outperform the market. In addition to that, Digimarc Corporation has an alpha of 1.1962 implying that it can potentially generate 1.1962% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
Digimarc Return VolatilityDigimarc Corporation inherits 3.2073% risk (volatility on return distribution) over the 30 days horizon. DOW inherits 0.4208% risk (volatility on return distribution) over the 30 days horizon.