Digirad Risk Analysis

Digirad Corporation -- USA Stock  

USD 2.3  0.05  2.13%

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 Trend
Check current 30 days Digirad correlation with market (DOW)
β = -2.7066
Digirad Large Negative BetaDigirad Beta Legend

Projected Return Density Against Market

Given 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
 Predicted Return Density 
      Returns 
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
α
Alpha over DOW
=(1.1) 
βBeta against DOW=(2.71) 
σ
Overall volatility
= 4.88 
 IrInformation ratio =(0.31) 

Actual Return Volatility

Digirad Corporation inherits 4.8804% risk (volatility on return distribution) over the 30 days horizon. DOW inherits 0.2355% 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

About average

30 Days Economic Sensitivity

Completely opposite to market

Total Debt

Digirad Total Debt History

Total Debt

Largest Trends

Digirad Largest Period Trend

Investment Outlook

Digirad Investment Opportunity
Digirad Corporation has a volatility of 4.88 and is 20.33 times more volatile than DOW. 45% 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 45 (%) of all global equities and portfolios over the last 30 days. Use Digirad Corporation to protect against small markets fluctuations. The stock experiences unexpected downward movement. The market is reacting to new fundamentals. Check odds of Digirad to be traded at $2.21 in 30 days. 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.

Digirad correlation with market

Good diversification
Overlapping area represents the amount of risk that can be diversified away by holding Digirad Corp. and equity matching DJI index in the same portfolio.

Volatility Indicators

Digirad Current Risk Indicators