Digirad Probability of Target Price Finishing Above 3.4

DRAD -- USA Stock  

USD 1.60  0.025  1.54%

Digirad probability of target price tool provides mechanism to make assumptions about upside and downside potential of Digirad Corporation performance during a given time horizon utilizing its historical volatility. Please specify Digirad time horizon, a valid symbol (red box) and a target price (blue box) you would like Digirad odds to be computed. Additionally see Digirad Backtesting, Digirad Valuation, Digirad Correlation, Digirad Hype Analysis, Digirad Volatility, Digirad History as well as Digirad Performance.
 Time Horizon     30 Days    Login   to change
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Digirad Target Price Odds to finish below 3.4

Current PriceHorizonTarget PriceOdds to stay under $ 3.40  after 30 days
 1.60 30 days 3.40  CLOSE TO 99%
Based on normal probability distribution, the odds of Digirad to stay under $ 3.40  after 30 days from now is close to 99% (This Digirad Corporation probability density function shows the probability of Digirad Stock to fall within a particular range of prices over 30 days) . Probability of Digirad price to stay between its current price of $ 1.60  and $ 3.40  at the end of the 30-day period is about 80.1%.
Given the investment horizon of 30 days, Digirad Corporation has beta of -1.2617 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
 Digirad Price Density 
 
      
Current Price   Target Price   
α
Alpha over DOW
=0.04
β
Beta against DOW=1.26
σ
Overall volatility
=0.037912
Ir
Information ratio =0.14

Digirad Alerts

Digirad Alerts and Suggestions
Digirad generates negative expected return over the last 30 days
Digirad may become a speculative penny stock
Digirad has high likelihood to experience some financial distress in the next 2 years
The company reported previous year revenue of 117.96 M. Net Loss for the year was (34.87 M) with profit before overhead, payroll, taxes, and interest of 28.4 M.
About 56.0% of the company shares are held by institutions such as insurance companies
Latest headline from www.stocksnewspoint.com: Year-to-date under Consideration MFA Financial, Inc. , Digirad Corporation NASDAQDRAD ...
Additionally see Digirad Backtesting, Digirad Valuation, Digirad Correlation, Digirad Hype Analysis, Digirad Volatility, Digirad History as well as Digirad Performance. Please also try Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
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