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
Projected Return Density Against MarketGiven 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