Digirad Performance

DRAD -- USA Stock  

USD 1.60  0.025  1.54%

Macroaxis gives Digirad performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of -0.4998 which denotes to the fact that as returns on market increase, returns on owning Digirad are expected to decrease at a much smaller rate. During bear market, Digirad is likely to outperform the market.. 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 -0.1292%. Please be advised to confirm Digirad Coefficient Of Variation, Maximum Drawdown, Skewness, 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.
 Time Horizon     30 Days    Login   to change

Digirad Relative Risk vs. Return Landscape

If you would invest  165.00  in Digirad Corporation on June 23, 2018 and sell it today you would lose (5.00)  from holding Digirad Corporation or give up 3.03% of portfolio value over 30 days. Digirad Corporation is currently does not generate positive expected returns and assumes 2.2612% risk (volatility on return distribution) over the 30 days horizon. In different words, 20% 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 (%) 
      Risk (%) 
Given the investment horizon of 30 days, Digirad Corporation is expected to under-perform the market. In addition to that, the company is 4.42 times more volatile than its market benchmark. It trades about -0.06 of its total potential returns per unit of risk. The DOW is currently generating roughly 0.23 per unit of volatility.

Digirad Market Risk Analysis

Sharpe Ratio = -0.0571
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Digirad Relative Performance Indicators

Estimated Market Risk
 2.26
  actual daily
 
 80 %
of total potential
  
Expected Return
 -0.13
  actual daily
 
 1 %
of total potential
  
Risk-Adjusted Return
 -0.06
  actual daily
 
 1 %
of total potential
  
Based on monthly moving average Digirad is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Digirad by adding it to a well-diversified portfolio.

Performance Rating

Digirad Corporation Risk Adjusted Performance Analysis
0 

Risk-Adjusted Performance

Over the last 30 days Digirad Corporation has generated negative risk-adjusted returns adding no value to investors with long positions.

Digirad Alerts

Equity Alerts and Improvement Suggestions
Digirad generates negative expected return over the last 30 days
Digirad may become a speculative penny stock
Digirad has high likelihood to experience some financial distress in the next 2 years
The company reported previous year revenue of 117.96 M. Net Loss for the year was (34.87 M) with profit before overhead, payroll, taxes, and interest of 28.4 M.
About 56.0% of the company shares are held by institutions such as insurance companies
Latest headline from MacroaxisInsider: Acquisition by Nelson R King of 14000 shares of Digirad subject to Rule 16b-3

Digirad Dividends Analysis

Check Digirad dividend payout schedule and payment analysis over time. Analyze past dividends calendar and estimate annual dividend income
Check Dividends  
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