|Digirad Corporation -- USA Stock|| |
USD 2.7 0.05 1.89%
Digirad holds performance score of 15 on a scale of zero to a hundred. The firm shows Beta (market volatility) of 0.5574 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.. Although it is vital to follow to Digirad
historical returns, it is good to be conservative about what you can actually do with the information regarding equity current trending patterns. Macroaxis philosophy towards predicting future performance of any stock is to look not only at its past charts but also at the business as a whole, including all fundamental and technical indicators
. To evaluate if Digirad Corporation expected return of 1.0557 will be sustainable into the future, we have found twenty-one different technical indicators
which can help you to check if the expected returns are sustainable. Use Digirad Coefficient Of Variation
, Maximum Drawdown
, as well as the relationship
between Information Ratio
and Downside Variance
to analyze future returns on Digirad.
Digirad Relative Risk vs. Return Landscape
If you would invest 225
in Digirad Corporation on December 17, 2017
and sell it today you would earn a total of 45
from holding Digirad Corporation or generate 20.0%
return on investment over 30
days. Digirad Corporation is currenly generating 1.0557% of daily expected returns and assumes 4.5881% risk (volatility on return distribution) over the 30 days horizon. In different words, 42% of equities are less volatile than Digirad Corporation and 80% 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 generate 11.91 times more return on investment than the market. However, the company is 11.91 times more volatile than its market benchmark. It trades about 0.23 of its potential returns per unit of risk. The DOW is currently generating roughly 0.55 per unit of risk.
Digirad Daily Price Distribution
The median price of Digirad for the period between Sun, Dec 17, 2017 and Tue, Jan 16, 2018 is 2.575 with a coefficient of variation of 7.83. The daily time series for the period is distributed with a sample standard deviation of 0.19, arithmetic mean of 2.45, and mean deviation of 0.18. The Stock received some media coverage during the period.