Macroaxis considers Digirad to be extremely risky. Digirad secures Sharpe Ratio (or Efficiency) of -0.2801 which denotes Digirad had -0.2801% of return per unit of risk over the last 1 month. Macroaxis philosophy towards predicting risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Digirad Corporation exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Digirad Coefficient Of Variation of
(348.87) and Mean Deviation of 3.28 to check risk estimate we provide.
|Investment Horizon||30 Days Login to change|
Digirad Market Sensitivity
|As returns on market increase, returns on owning Digirad are expected to decrease by larger amounts. On the other hand, during market turmoil, Digirad is expected to significantly outperform it.One Month Beta |Analyze Digirad Demand TrendCheck current 30 days Digirad correlation with market (DOW)|
β = -2.7066
Projected Return Density Against MarketGiven the investment horizon of 30 days, Digirad Corporation has beta of -2.7066 suggesting as returns on its benchmark rise, returns on holding Digirad Corporation are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Digirad is expected to outperform its benchmark. Additionally, Digirad Corporation has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
Given the investment horizon of 30 days, the coefficient of variation of Digirad is -357.01. The daily returns are destributed with a variance of 23.82 and standard deviation of 4.88. The mean deviation of Digirad Corporation is currently at 3.19. For similar time horizon, the selected benchmark (DOW) has volatility of 0.23