Macroaxis considers Digimarc not too volatile given 1 month investment horizon. Digimarc secures Sharpe Ratio (or Efficiency) of 0.2461 which denotes Digimarc had 0.2461% of return per unit of risk over the last 1 month. 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. By reviewing Digimarc technical indicators you can presently evaluate if the expected return of 0.5999% is justified by implied risk. Please utilize Digimarc Coefficient Of Variation of 378.54, Mean Deviation of 1.79 and Downside Deviation of 2.23 to check if our risk estimates are consistent with your expectations.
|Time Horizon||30 Days Login to change|
Digimarc Technical Analysis
Projected Return Density Against MarketGiven the investment horizon of 30 days, Digimarc has beta of 0.0 suggesting unless we do not have required data, the returns on DOW and Digimarc are completely uncorrelated. Furthermore, Digimarc CorporationIt does not look like Digimarc alpha can have any bearing on the equity current valuation.
Predicted Return Density