|Digirad Corporation -- USA Stock|| |
USD 1.70 0.05 2.86%
Macroaxis gives Digirad performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.7724 which denotes to the fact that as returns on market increase, Digirad returns are expected to increase less than the market. However during bear market, the loss on holding Digirad will be expected to be smaller as well.. Even though it is essential to pay attention to Digirad
historical returns, it is always good to be careful when utilizing equity current trending patterns. 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 -1.2191%. Please be advised to confirm Digirad Coefficient Of Variation
, Maximum Drawdown
, 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.
Digirad Relative Risk vs. Return Landscape
If you would invest 230.00
in Digirad Corporation on February 20, 2018
and sell it today you would lose (60.00)
from holding Digirad Corporation or give up 26.09%
of portfolio value over 30
days. Digirad Corporation is currenly does not generate positive expected returns and assumes 4.1751% risk (volatility on return distribution) over the 30 days horizon. In different words, 38% of equities are less volatile than Digirad Corporation and 99% of traded equity instruments are projected to make higher returns than the company over the 30 days investment horizon.
Daily Expected Return (%)
Given the investment horizon of 30 days, Digirad Corporation is expected to under-perform the market. In addition to that, the company is 4.44 times more volatile than its market benchmark. It trades about -0.29 of its total potential returns per unit of risk. The DOW is currently generating roughly -0.04 per unit of volatility.
Based on recorded statements Digirad Corporation has Operating Margin of -1.01%. This is 96.93% lower than that of the Healthcare sector, and significantly lower than that of Medical Equipment
industry, The Operating Margin for all stocks is 90.74% lower than the firm.
A good Operating Margin is required for a company to be able to pay for its fixed costs or pay out its debt which implies that the higher the margin, the better. This ratio is most effective in evaluating the earning potential of a company over time when comparing it against firm's competitors.
Digirad Daily Price Distribution
The median price of Digirad for the period between Tue, Feb 20, 2018 and Thu, Mar 22, 2018 is 2.05 with a coefficient of variation of 8.46. The daily time series for the period is distributed with a sample standard deviation of 0.17, arithmetic mean of 2.0, and mean deviation of 0.12. The Stock received some media coverage during the period.