|Horizon||30 Days Login to change|
Digimarc Market Sensitivity
|As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Digimarc will likely underperform.One Month Beta |Analyze Digimarc Demand TrendCheck current 30 days Digimarc correlation with market (DOW)|
β = 1.3993
Digimarc Technical Analysis
Digimarc Projected Return Density Against MarketGiven the investment horizon of 30 days, the stock has beta coefficient of 1.3993 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are expected to be negative, Digimarc will likely underperform. Moreover, Digimarc Corporation has an alpha of 0.8858 implying that it can potentially generate 0.8858% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
Digimarc Return VolatilityDigimarc Corporation inherits 2.8707% risk (volatility on return distribution) over the 30 days horizon. DOW inherits 0.4168% risk (volatility on return distribution) over the 30 days horizon.