|Horizon||30 Days Login to change|
Digirad Market Sensitivity
|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.One Month Beta |Analyze Digirad Demand TrendCheck current 30 days Digirad correlation with market (DOW)|
β = -0.7509
Digirad Technical Analysis
Digirad Projected Return Density Against MarketGiven the investment horizon of 30 days, Digirad Corporation has beta of -0.7509 suggesting as returns on benchmark increase, returns on holding Digirad are expected to decrease at a much smaller rate. During bear market, however, Digirad Corporation is likely to outperform the market. 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
Predicted Return Density
Digirad Return VolatilityDigirad Corporation inherits 3.4644% risk (volatility on return distribution) over the 30 days horizon. DOW inherits 0.3947% risk (volatility on return distribution) over the 30 days horizon.