Digirad Risk Analysis And Volatility Evaluation

DRAD -- USA Stock  

USD 1.70  0.05  3.03%

Macroaxis considers Digirad to be extremely risky. Digirad secures Sharpe Ratio (or Efficiency) of -0.0209 which denotes Digirad had -0.0209% 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 5,453 and Mean Deviation of 2.88 to check risk estimate we provide.
 Time Horizon     30 Days    Login   to change

Digirad Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of seventeen. Digirad Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input. View also all equity analysis or get more info about average price price transform indicator.

Projected Return Density Against Market

Given the investment horizon of 30 days, Digirad has beta of 0.0 suggesting unless we do not have required data, the returns on DOW and Digirad are completely uncorrelated. Furthermore, Digirad CorporationIt does not look like Digirad alpha can have any bearing on the equity current valuation.
 Predicted Return Density 
      Returns 
Given the investment horizon of 30 days, the coefficient of variation of Digirad is -4792.09. The daily returns are destributed with a variance of 14.5 and standard deviation of 3.81. The mean deviation of Digirad Corporation is currently at 2.88. For similar time horizon, the selected benchmark (DOW) has volatility of 0.0
α
Alpha over DOW
=0.00
β
Beta against DOW=0.00
σ
Overall volatility
=3.81
Ir
Information ratio =0.02

Actual Return Volatility

Digirad Corporation inherits 3.8078% risk (volatility on return distribution) over the 30 days horizon. DOW inherits 1.4339% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Digirad Volatility Factors

30 Days Market Risk

Extremely risky

Chance of Distress in 24 months

Close to average

30 Days Economic Sensitivity

Market Insensitive

Investment Outlook

Digirad Investment Opportunity
Digirad Corporation has a volatility of 3.81 and is 2.66 times more volatile than DOW. 35% of all equities and portfolios are less risky than Digirad. Compared to the overall equity markets, volatility of historical daily returns of Digirad Corporation is lower than 35 (%) of all global equities and portfolios over the last 30 days.

Total Debt

Digirad Total Debt History

Total Debt

Volatility Indicators

Digirad Current Risk Indicators
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